Makenita Resources Enters an Option to Acquire the "Sisson West Tungsten Project" in New Brunswick and the "NTX Rare Earth Project in Quebec"

Core Insights - Makenita Resources Inc. has entered an option agreement to acquire the "Sisson West Tungsten Project" in New Brunswick and the "NTX Rare Earth Project" in Quebec, which are significant for critical minerals [1][2] Project Details - The "Sisson West Tungsten Project" covers approximately 4,000 contiguous acres and is prospective for Tungsten, located adjacent to the Sisson Tungsten Mine [1] - The "NTX Rare Earth Project" consists of about 9,000 acres that are prospective for rare earth elements [1] Financial Terms - The agreement includes a payment of $30,000, issuance of 2,000,000 common shares, and 1,000,000 transferable share purchase warrants at a price of $0.08 per share for three years [9] - An additional 500,000 common shares and 500,000 transferable share purchase warrants will be issued within four months of signing the agreement [9] - A further 500,000 common shares will be issued within eight months of signing the agreement [9] Management Commentary - The President of Makenita Resources expressed satisfaction with acquiring these critical mineral projects, emphasizing the focus on developing such projects in North America [2] - The company aims to maximize shareholder value and plans to be active on these claims in the short term, noting a share structure of only 33 million shares outstanding [2]