Lodestar Metals Closes Option Agreement to Acquire Gold Run Property and Strengthens Leadership Team

Core Insights - Lodestar Metals Corp has successfully closed the acquisition of the Gold Run Property, a significant gold project in Humboldt County, Nevada, following an option agreement executed on May 6, 2025 [1][3] - The acquisition is part of the company's strategy to build a portfolio of high-impact gold assets in Tier-1 jurisdictions, enhancing its market visibility and growth potential [3][17] Acquisition Details - The Gold Run Property consists of 75 unpatented mining claims covering approximately 516 hectares and is located within the prolific Getchell and Battle Mountain-Eureka gold trends [8][9] - The acquisition involves cash payments totaling US $450,000 over six years, along with milestone payments of US $500,000 and US $1,000,000 tied to the completion of economic assessments and feasibility studies [12][13] Leadership Strengthening - David Christie has been appointed as a director, bringing nearly four decades of experience in exploration, M&A, and capital markets, previously associated with Osisko Mining [2][4] - Don McDowell joins as a Strategic Advisor, with over 30 years of experience in mineral exploration and project development across the Americas [6][4] Exploration Potential - The Gold Run Property has a history of exploration with 131 drill holes completed, indicating a robust mineralized system with multiple deposit styles [9][11] - The property is strategically located at the intersection of two major gold corridors, enhancing its exploration potential for high-grade gold mineralization [3][9]