Fancamp Acquires Iron Ore Royalty and Provides Corporate Update

Core Viewpoint - Fancamp Exploration Ltd. has acquired up to 3.0% net smelter returns royalties on certain iron ore properties in the Labrador Trough for a total cash consideration of $1,765,000, which is expected to enhance the company's cash flow and support its strategic reorganization through a spin-out of its core exploration projects into a new subsidiary, Goldera Exploration Ltd. [1][2][3] Acquisition Details - The Royalty Acquisition includes royalties on a notable open pit mineable iron ore deposit located approximately 25 kilometers northwest of Schefferville, Quebec [1] - The acquisition is part of Fancamp's strategy to seek high-growth opportunities while reorganizing its assets [2] Spin-Out Transaction - Fancamp plans to complete the spin-out of Goldera Exploration Ltd. in Q2 of 2026, pending necessary approvals [3] - The spin-out aims to unlock shareholder value by creating two focused, publicly traded companies, allowing shareholders to participate in both growth streams [3] Exploration Projects - Goldera will advance exploration at the McIntyre Brook and Riley Brook mineral properties, which are part of a joint venture with Acadian Gold Corp. [4][7] - McIntyre Brook has shown promising gold mineralization, with a drilling program yielding results of 4 meters at 1.45 g/t Au [6] - Riley Brook has identified significant soil anomalies for gold and other minerals, indicating potential for further exploration [7] Egan Property - Fancamp has an option agreement to earn up to an 80% interest in the Egan Gold mineral property, located strategically between Timmins and Kirkland Lake [10] - The Egan Property has demonstrated high-grade surface results, with grab samples showing up to 105 g/t gold [10] - Goldera plans to conduct a comprehensive exploration program at the Egan Property, including airborne geophysics and drilling anticipated by late Q3 2026 [10] Share Buyback Program - Fancamp has acquired approximately 2.4 million common shares for cancellation under its normal course issuer bid, representing about 1% of its issued and outstanding shares [12] - This buyback reflects the company's belief that its shares are undervalued based on its asset portfolio and future prospects [12]