Core Insights - Makenita Resources Inc. has successfully closed an acquisition of the "Sisson West Tungsten Project" in New Brunswick and the "NTX Rare Earth Project" in Quebec, enhancing its portfolio in the mining sector [1][2] - The Sisson West Tungsten Project spans approximately 4,000 contiguous acres, while the NTX Rare Earth Project covers around 9,000 acres, both of which are prospective for valuable minerals [1][2] - The acquisition is timely as rare earths have gained significant attention globally, and the Sisson Tungsten Mine has been designated a "Nation Building Project" by Prime Minister Mark Carney, which could positively impact Makenita's operations [2] Financial Terms of the Acquisition - The option agreement allows Makenita to earn a 100% interest in the properties by issuing a total of 3,000,000 common shares at a deemed price of $0.06 per share, along with 1,500,000 transferable warrants exercisable at $0.08 per share for three years, and a cash payment of $30,000 [5][10] - All issued shares and warrants will be subject to a standard hold period of four months plus a day [6] Future Plans and Market Position - Makenita plans to be active on the newly acquired claims in the short term, leveraging its relatively low share count of 33 million shares outstanding to facilitate immediate and future growth [2]