Mineral Claims (Golden Echelon)
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Trailbreaker Resources Amends Atsutla Option Agreement
Thenewswireยท 2025-11-06 21:30
Core Viewpoint - Trailbreaker Resources Ltd. has amended an option agreement for a mineral claim at its Atsutla Gold project in British Columbia, which is aimed at enhancing its exploration efforts and shareholder value [1][4]. Agreement Details - The initial Option Agreement, signed on November 21, 2022, allowed Trailbreaker to earn a 100% interest in the 'Golden Echelon' claim block, covering 132 hectares, through staged share issuances totaling 80,000 common shares and a one-time cash payment of $25,000 [2][3]. - The amended agreement, signed on November 3, 2025, modifies the share issuance schedule and is subject to approval from the TSX Venture Exchange [4][5]. Share Issuance Schedule - Under the amended agreement, the share issuance includes: - 10,000 common shares upon TSX Venture Exchange approval - 10,000 common shares by November 16, 2023 - 10,000 common shares by November 16, 2024 - 50,000 common shares and a $25,000 cash payment by November 16, 2025 [5]. - Additional terms include issuing 25,000 common shares by November 16, 2025, and either paying $25,000 and issuing 50,000 common shares or issuing 175,000 common shares by May 16, 2026 [6]. Company Overview - Trailbreaker Resources is focused on mining exploration in British Columbia and Yukon Territory, Canada, with a commitment to continuous exploration and maintaining a portfolio of quality mineral properties [4]. - The company is led by an experienced management team with a proven track record in exploration and development across various regions including Yukon, British Columbia, Alaska, and Nevada [4].