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Trident Resources Announces Closing of Option Agreement to Acquire Strategic Claims from Edge Geological Consulting Within the La Ronge Gold Belt
Globenewswire· 2026-01-19 22:00
Core Viewpoint - Trident Resources Corp. has successfully closed a transaction to acquire up to 100% interest in 16 mineral dispositions totaling 5,395 hectares within the Longe Gold Belt, following TSX Venture Exchange approval [1][6]. Acquisition Highlights - The total payment for the acquisition includes C$51,000 and the issuance of 450,000 shares to Edge Geological Consulting Inc. [4][9]. - The agreement is classified as a "related party transaction" due to the involvement of a director from both Trident and Edge [6]. Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on gold and copper projects in Saskatchewan, Canada [8]. - The company is advancing its 100% owned Contact Lake and Greywacke Lake projects, which have significant historical gold resources [8]. - Trident has over C$14 million in cash and marketable securities on its balance sheet [8]. Exploration Potential - The new mineral dispositions include several precious and base metal showings that have seen limited historical exploration, indicating strong potential for future exploration [8]. - Four of the five claim blocks are located within the La Ronge Gold Belt, adjacent to Trident's existing land holdings, while the fifth is near Ithingo Lake in the Mudjatik Domain [8]. Technical Review - The scientific and technical data in the announcement was reviewed and approved by a qualified person, ensuring compliance with industry standards [7].