Kodiak Strategically Expands MPD Project with Acquisition of Adjacent Claims and Initiates Soil Program

Core Viewpoint - Kodiak Copper Corp. has entered into a purchase agreement to acquire a claim package adjacent to its MPD Project, expanding its landholdings to 357 square kilometers and initiating a soil program to advance multiple targets [2][4][5]. Acquisition Details - The acquisition involves a 100% interest in a claim package from Eagle Plains Resources Ltd., consisting of 13.1 square kilometers, including the strategically located Ketch claim block [5][7]. - The transaction includes the issuance of 300,000 Kodiak shares and a 2% net smelter return royalty, with an option to buy back 1% of the NSR for $1.75 million [5][7]. Strategic Importance - The acquisition is seen as a logical step in Kodiak's strategy to consolidate the MPD district, which has the potential to become a major mining operation [4][11]. - The Ketch claim package is believed to potentially host an extension of the Ketchan deposit, which is part of the Initial Mineral Resource estimate for MPD [4][7]. Exploration Initiatives - A soil geochemical program consisting of 2,000 samples is being initiated to explore targets on the MPD Northwest claims, focusing on historical showings and the area around the Ketchan deposit [7][11]. - The program is expected to be completed by November 2025, further advancing the exploration efforts in the region [7]. Project Overview - Kodiak's MPD Project is located in a prolific mining district in British Columbia and has outlined seven substantial mineralized zones, with an Initial Resource estimate expected by the end of 2025 [11]. - The project is characterized by its potential for large-scale deposits and is supported by excellent infrastructure in the area [11].