Quadro Maintains 49% Interest in Staghorn Property as Parties Agree to Pursue Joint Venture Arrangement

Core Viewpoint - Quadro Resources Ltd. maintains a 49% interest in the Staghorn Property following TRU Precious Metals Corp.'s decision not to proceed with an additional option, and both parties are moving towards a Joint Venture Agreement to define their rights and obligations regarding the property [1][2]. Group 1: Company Overview - Quadro Resources Ltd. is a publicly traded mineral exploration company with approximately 28.5 million shares outstanding, listed on the TSX Venture Exchange under the ticker symbol "QRO" [4]. - The company is focused on advancing gold exploration projects across North America and holds a 49% interest in the Staghorn property, which is optioned to TRU Precious Metals Corp., as well as a 100% interest in the Long Lake property [4]. Group 2: Joint Venture and Future Plans - TRU has completed its earn-in of a 51% interest in the Staghorn Property, while Quadro retains a 49% interest, and both parties are negotiating a Joint Venture Agreement [2]. - Quadro's President and CEO, T. Barry Coughlan, expressed optimism about TRU's continued involvement and the potential for long-term exploration and development of the gold and copper system [3]. - The company is awaiting assay results from TRU's 2025 drill program, which are expected to influence future exploration strategies [3]. - Quadro is also exploring funding opportunities, including potential flow-through and hard-dollar financings, to support its exploration activities and preserve shareholder value [3].