Option Agreement

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Cadillac Ventures Inc. Enters into Option Agreement for the Burnt Hill Tungsten Project in New Brunswick
Thenewswire· 2025-10-08 18:05
Toronto – TheNewswire - Oct 8th, 2025 – Cadillac Ventures Inc. (TSX.V: CDC.H) (“Cadillac” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Agreement”) with Nexcel Metals Corp. (the “Optionee”) and Wyloo Ring of Fire Ltd. (the “Minority Owner”) pursuant to which the Optionee may earn up to a 58% interest in the Burnt Hill Tungsten Project (the “Property”) located in New Brunswick, Canada. The Property is currently owned 58% by the Company and 42% by the Minority Ow ...
Goldrea Options Hanstone's Snip North Property
Newsfile· 2025-10-03 13:40
Core Viewpoint - Goldrea Resources Corp. has entered into an option agreement to acquire a 70% interest in Hanstone Gold's Snip North property, expanding its mineral land package significantly in the Golden Triangle region of British Columbia [1][2]. Group 1: Agreement Details - The option agreement, dated September 29, 2025, allows Goldrea to acquire 70% of the Snip North property, which spans 3,400 hectares, increasing Goldrea's total mineral land to 8,500 hectares if the option is exercised [1]. - To earn the 70% interest, Goldrea must incur exploration expenditures totaling $1.25 million over four years, with specific annual spending requirements [2]. - Goldrea has already allocated $100,000 of its 2025 exploration budget to the property to maintain its good standing until November 30, 2026 [2]. Group 2: Joint Venture and Future Plans - Upon earning the 70% interest, Goldrea will enter a joint venture with Hanstone, with Goldrea serving as the initial operator [2]. - The CEO of Goldrea highlighted the significance of this joint venture in enhancing the company's holdings in the Golden Triangle, emphasizing the potential for financing a major exploration program in 2026 due to favorable gold and copper markets [3].
Hayasa Metals Announces Option Agreement on Vardenis Copper-Gold Project
Newsfile· 2025-08-27 10:30
Core Viewpoint - Hayasa Metals Inc. has entered into an amended and restated option and joint venture agreement with Teck Resources Limited, granting Teck the exclusive option to acquire up to an 80% interest in Mendia Resources LLC, which owns the Vardenis copper-gold project in Armenia [1][2]. Agreement Highlights - The agreement allows Teck to acquire a 70% interest in Mendia by incurring US$15 million in exploration expenditures by December 31, 2029, completing 4,300 meters of diamond drilling by October 31, 2026, and making required payments to the existing majority shareholder [5]. - If Teck exercises the initial option, it can acquire an additional 10% interest by delivering a National Instrument 43-101 compliant pre-feasibility study within six years [5]. - Teck will be responsible for all expenditures related to the Vardenis Project during the option terms, while Hayasa will initially manage the project [5]. - If Teck incurs at least US$2.5 million in the first 30 months but does not exercise the initial option, the agreement will terminate, and Teck will receive a 1.0% net smelter returns royalty [5]. - A corporate joint venture will be formed if Teck exercises the initial option and either does not pursue the second option or exercises it [5]. Project Overview - The Vardenis Project is located in the Central Tethyan Belt in Armenia, covering 9,399 hectares and is accessible by road [7]. - The project is situated 25 km from the Amulsar gold deposit, with previous exploration indicating significant mineralization potential [8]. - In late 2023, Hayasa completed 770 meters of diamond drilling in the Razmik copper-molybdenum zone, revealing strong alteration and mineralization indicative of porphyry-style deposits [8]. Management Changes - Hayasa's Chief Financial Officer, Paul Hansed, will retire at the end of 2025, after a 17-year career in the junior mining sector [9][10].
Terra Balcanica Closes First Tranche While Extending LIFE Offering and Exercises First Year of Option Agreement
Globenewswire· 2025-07-11 20:00
Core Points - Terra Balcanica Resources Corp. has closed the first tranche of its private placement, raising gross proceeds of C$814,914 through the issuance of 8,149,141 units at a price of C$0.10 per unit [1] - The company is extending the final closing date of the private placement to raise total gross proceeds of up to C$1,117,495 by August 11, 2025 [2] - The President and CEO of the company, Aleksandar Mišković, highlighted significant participation from Dundee Corporation, indicating strong interest in the company's work [3] - The company is exercising its option to acquire a 100% interest in several uranium licence clusters from Fulcrum Metals, involving a cash payment of C$50,000 and the issuance of C$350,000 in common shares [5] - Terra Balcanica is focused on large-scale mineral systems in the Balkans and northern Saskatchewan, with a 90% interest in the Viogor-Zanik Project and a 100% optioned portfolio of uranium-prospective licences [7]