Ridgeline Minerals Sells Tungsten and Critical Metals Project to Midasco Capital Corp.

Core Viewpoint - Ridgeline Minerals Corp. has entered into a share purchase agreement with Midasco Capital Corp. for the sale of its wholly owned subsidiary, Spartan Exploration Nevada Corporation, which holds the Eagle Property, a high-grade tungsten and critical metals project in Nevada [1][3]. Company Overview - Ridgeline Minerals is focused on precious and base metal exploration with a portfolio of seven projects across 200 km² in Nevada, USA [19]. - The company aims to maximize shareholder value through strategic transactions and partnerships, while continuing to advance its exploration portfolio [3]. Transaction Details - Midasco will acquire 100% of Spartan, which includes 244 lode mineral claims in White Pine County, Nevada [1]. - The Eagle Property is noted for its historical production of tungsten, with past operations yielding 8,352 Metric Ton Units of Tungsten trioxide at average grades of 0.6-1.0% from 1917 to 1956 [2]. - Ridgeline will receive a 1% net smelter return royalty on the Eagle Property and any additional ground staked within a 2-mile area of interest [4]. Future Plans - Midasco plans to reactivate its listing on the TSX Venture Exchange and rename itself to "Spartan Metals Corp." following the acquisition [4][6]. - The transaction includes the issuance of common shares to Ridgeline, representing 19.9% of Midasco's total shares at closing, with additional shares to be issued on the one-year anniversary of the closing [6][8]. Exploration Potential - The Eagle Property is recognized for its significant exploration potential, which Midasco intends to develop as its flagship asset [3][4].