Core Points - Forrestania Resources has extended its option agreement with Hyden Resources to acquire 100% of Hyden Project Holdings, which includes the Lady Ada and Lady Magdalene gold deposits in Western Australia [1][4] - The revised agreement allows Forrestania to extend the option for additional one-month periods by providing written notice at least five business days before the current expiry date, with an extension fee of $60,000 for each month [2] - Half of any option extension fee paid prior to exercising the option will be deducted from the cash consideration upon completion, and Forrestania will also cover minimum expenditure commitments on the Hyden Project during the option period [3] Company Strategy - Forrestania Resources is focused on building a portfolio of high-quality gold projects across Western Australia's mining districts and is expanding its presence in the Southern Cross, Eastern Goldfields, and Forrestania regions through exploration and selective acquisitions [4] - The company has also announced a conditional scrip takeover bid for Kula Gold, proposing an exchange of one Forrestania share for every 5.6 shares of Kula Gold, valuing Kula at a 41% premium to its ten-day volume-weighted average price as of October 10 [5]

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) ("Gold X2") and Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun") are pleased to announce that the parties have entered into a definitive agreement dated September 30, 2025 (the "Arrangement Agreement") pursuant to which Gold X2 will acquire all of the issued and outstanding common shares of Kesselrun (the "Transaction"). The Transaction will result in Gold X2 acquiri ...

Core Viewpoint - Torex Gold Resources Inc. has entered into a definitive agreement to acquire Prime Mining Corp., which includes the Los Reyes gold-silver project, enhancing Torex's asset base and growth potential in Mexico [1][2]. Transaction Overview - The transaction will result in Torex owning a 100% interest in the Los Reyes project, which has a combined resource of approximately 1.5 million ounces of gold and 54 million ounces of silver in the Indicated category [2]. - Prime Mining shareholders will receive 0.060 of a common share of Torex for each Prime Mining share held, representing a 32.4% premium to the 30-day volume-weighted average price of Prime Mining shares [2][3]. - The equity value for Prime Mining is approximately $449 million (US$327 million) based on the exchange ratio [2]. Strategic Rationale and Benefits - The acquisition diversifies Torex's asset base by adding a high-quality advanced exploration/development-stage asset in Mexico, significantly enhancing its growth potential [4]. - The Los Reyes project increases Torex's Measured and Indicated Resources by 32% to 6.2 million ounces of gold and Inferred Resources by 44% to 1.8 million ounces of gold [4]. - The project adds substantial silver exposure, with 54 million ounces in the Indicated category and 21.6 million ounces in the Inferred category [4]. - There is significant exploration upside at Los Reyes, with multiple high-grade discoveries and open mineralization zones [4]. Financial and Market Impact - Upon completion, Torex will issue approximately 10.5 million shares to Prime Mining shareholders, who will own about 10.7% of Torex [3]. - The transaction enhances Torex's capital markets profile, with a market capitalization of approximately US$2.7 billion, increasing market presence and trading liquidity for Prime Mining shareholders [8]. - The acquisition is expected to leverage Torex's strong balance sheet and free cash flow to fund the development of Los Reyes while remaining cash flow positive [8]. Approval and Governance - The transaction requires approval from at least 66.67% of Prime Mining shareholders and is subject to customary regulatory approvals [11][13]. - Key shareholders of Prime Mining, owning 23% of shares, have entered into voting support agreements to favor the transaction [12][19]. - The Board of Directors of both companies have unanimously approved the transaction, with fairness opinions received from financial advisors [18][20].