MTI(US:MTX) Newsfile·2025-10-20 18:46Core Viewpoint - Sokoman Minerals Corp. is expanding its holdings along the Valentine Lake Fault through acquisitions and agreements, enhancing its position in Newfoundland's emerging gold district [1]. Group 1: Acquisitions and Agreements - Sokoman has entered into an agreement to acquire a 100% interest in 6 mineral licenses (the "Keats Property") for a total consideration of $50,000 in cash, 2,500,000 common shares, and a 1.5% NSR royalty, half of which can be purchased for $1,500,000 [2]. - The company has also signed an option agreement with K9 Gold Corp. and District Copper Corp. for the right to acquire a 100% interest in 4 mineral licenses totaling 257 mining claims in the Valentine Lake Fault area (the "Stony Lake Property"). To exercise this option, Sokoman will issue 1,500,000 common shares to K9, 500,000 common shares to DCC, and incur sufficient exploration expenditures by December 1, 2025, or make an equivalent cash payment [3]. Group 2: Financial Update - Sokoman announced an update on a $24 million offering, stating that underwriters have the option to purchase up to an additional 7,950,000 FT Shares at the FT Share issue price for additional gross proceeds of $2,106,750 [4]. Group 3: Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects including the flagship Moosehead project, Crippleback Lake project, and Fleur de Lys project. The company has a strategic alliance with Benton Resources Inc. and remains a major shareholder in Vinland Lithium Inc. [5].