First Option

Traction Uranium Issues Shares in Connection with Grease River Property Option Agreement

Retrieved on: 
Tuesday, January 16, 2024
Contract management, OTC, Traction, Disclosure, Vendor, Option style, Option, TRAC, National Instrument 43-101, The Third Option, News, National instrument, First Option, FRA

Pursuant to the Option Agreement, as previously disclosed in the news release dated February 7, 2023, the Company has the right, at its option, to acquire up to a 100% interest in the Grease River Property located in Athabasca Basin, Northern Saskatchewan, Canada (the “Property”) in exchange for a series of cash payments, share issuances and funding of exploration expenditures, separated into three phases.

Key Points: 
  • Pursuant to the Option Agreement, as previously disclosed in the news release dated February 7, 2023, the Company has the right, at its option, to acquire up to a 100% interest in the Grease River Property located in Athabasca Basin, Northern Saskatchewan, Canada (the “Property”) in exchange for a series of cash payments, share issuances and funding of exploration expenditures, separated into three phases.
  • The Company will become operator of the Property if it exercises the First Option.
  • To date, a total of 375,000 Phase One Consideration Shares have been issued to the Vendor.
  • All common shares issued to the Optionor pursuant to the Option Agreement will be subject to a statutory four month hold period pursuant to applicable Canadian securities laws.

Vortex Metals Concludes the Definitive Agreement to Acquire an 80% Interest in the Illapel Copper Project, Chile

Retrieved on: 
Monday, November 20, 2023
Business, Date, Geology, Commune, Copper, Mining, TMX Group, NNE, SLM, Letter, Vein, FSE, QP, TSX Venture Exchange, VMS, Option style, Definitive, ENAMI, IOCG, ROFR, First Option, Option, Iron ore, Pharmaceutical industry, Security (finance), Bookkeeping, Reinsurance, Grocery store, Textile, Coke (fuel), Credit, Exercise, Property, Illapel, Vortex

Drilling may potentially commence after all regulatory approvals, including the approval from Toronto Venture Stock Exchange (TSXV) have been received.

Key Points: 
  • Drilling may potentially commence after all regulatory approvals, including the approval from Toronto Venture Stock Exchange (TSXV) have been received.
  • Vikas Ranjan, Chief Executive Officer and a Co-Founder of Vortex Metals, stated "we are very excited to conclude the Definitive Agreement and begin exploration work.
  • Such terms are described later in this press release under the heading Terms and Conditions of the Illapel Copper Deal.
  • All Vortex Shares issuable pursuant to the Definitive Agreement will be subject to a 12-month contractual escrow from the date of issuance.

First Option Mortgage Announces New Branch Opening

Retrieved on: 
Monday, January 23, 2023
USDA, Veteran, FHA, First Option, Real estate

ATLANTA, Jan. 23, 2023 /PRNewswire/ -- First Option Mortgage is proud to announce the opening of three new branches across the country.

Key Points: 
  • ATLANTA, Jan. 23, 2023 /PRNewswire/ -- First Option Mortgage is proud to announce the opening of three new branches across the country.
  • "I'm very excited to be growing into these new areas," said First Option Managing Partner, Alvin Shah.
  • First Option Mortgage is a nationally recognized Mortgage lender, licensed in 38 states and with branch locations across the U.S.
  • First Option also plans to open a branch in the Houston, TX area in early 2023.

Traction Uranium and Forum Energy Metals Enter into an Option Agreement for the Grease River Property in the Athabasca Basin

Retrieved on: 
Tuesday, February 7, 2023
NI, NE, National Instrument 43-101, Uranium, Vendor, South Tyrol Option Agreement, The Third Option, National instrument, Forum, TRAC, FRA, Fond, Traction, OTC, Second Optional Protocol to the International Covenant on Civil and Political Rights, Option, James Bay Project, CSE, Disclosure, First Option, First, Option style, News, Security (finance), Reinsurance, Athabasca Basin, Property

Forum will be the operator of the Property until the Company completes the first phase.

Key Points: 
  • Forum will be the operator of the Property until the Company completes the first phase.
  • We look forward to bringing together our technical advisor Boen Tan Ph.D., P. Geo with Forum’s Dr. Rebecca Hunter Ph.D., P.Geo.
  • The Grease River Project claims are located along trend of the deposit to the southwest and northeast.
  • Limited exploration has been conducted in the property area and there is potential for additional uranium mineralization along the shear zone.

Velocity Enters into Option Agreement to Acquire up to 75% Interest in the Zlatusha Copper-Gold Property in Bulgaria

Retrieved on: 
Tuesday, January 24, 2023
Techno-economic assessment, Economics, Breznik, Elatsite mine, Copper, Gold, Table, Mining, National instrument, VLC, Option, OTCQB, Cretaceous, Panagyurishte, Bor, First Option, Nature, QSP, Option style, Exercise, Granite, Uranium, Security (finance), Late Cretaceous, Velocity, Property

The Option consists of a first option to acquire up to a 51% interest (the “First Option”) and a second option (the “Second Option”) to acquire an additional 24% (aggregate 75%) interest in and to the Property.

Key Points: 
  • The Option consists of a first option to acquire up to a 51% interest (the “First Option”) and a second option (the “Second Option”) to acquire an additional 24% (aggregate 75%) interest in and to the Property.
  • “Acquisition of the Zlatusha prospecting license has been a high priority for Velocity in recent months,” stated Keith Henderson, Velocity’s CEO.
  • Velocity’s due diligence identified several magmatic-hydrothermal centers with outcropping copper-gold mineralization hosted in rocks of favourable upper Cretaceous age and composition.
  • No modern systematic exploration has been carried out and the Company considers the Property prospective for discovery of additional deposits.

Blackrock Silver Enters into Option Agreement with Tearlach Resources to Develop the Tonopah North Lithium Project

Retrieved on: 
Tuesday, January 10, 2023
Lithium, Cloud, Additive manufacturing file format, Option style, News, Silver, Initial, Second Optional Protocol to the International Covenant on Civil and Political Rights, International joint venture, First Option, South Tyrol Option Agreement, Joint venture, TEA, BRC, Smart contract, Growth, Option, Engineering, Feasibility, Mineral, Sale, National instrument, Gold, Exercise, Motor vehicle, Rolls-Royce Silver Cloud

Information concerning the discovery of lithium during the Company's first exploration drill program on the Tonopah North Project was announced in the Company's news release dated October 25, 2022.

Key Points: 
  • Information concerning the discovery of lithium during the Company's first exploration drill program on the Tonopah North Project was announced in the Company's news release dated October 25, 2022.
  • The exploration and development rights conferred to Tearlach under the Option Agreement in respect of the Tonopah North Project are exclusive to lithium minerals in the Optioned Zone.
  • Subject to the terms of the Option Agreement, Blackrock retains and reserves the rights to explore for, develop and mine all minerals (including gold and silver) other than lithium on the entire Tonopah North Project, including the Optioned Zone.
  • Upon Tearlach completing the Initial Earn-In and exercising the First Option, Tearlach and Blackrock Gold shall enter into a definitive mining joint venture agreement (the "Joint Venture Agreement") in respect of the management and ownership of the Optioned Zone of the Tonopah North Project (the "Joint Venture").

Tearlach Enters Into a Joint Venture Agreement With Blackrock Silver to Develop the Tonopah North Lithium Project, Nevada

Retrieved on: 
Tuesday, January 10, 2023
Lithium, Additive manufacturing file format, Option style, TLC, Initial, Second Optional Protocol to the International Covenant on Civil and Political Rights, RC, International joint venture, OTC, First Option, TSX Venture Exchange, South Tyrol Option Agreement, Joint venture, Exercise, TEA, BRC, Smart contract, Silver, Growth, Option, Black Rock, V44, Engineering, Mineral, Sale, Policy, National instrument, Gold, Motor vehicle

Morgan Lekstrom, CEO of Tearlach, commented, “This is a significant growth step for Tearlach in becoming a leading multijurisdictional lithium company and for Blackrock Silver diversifying their already world-class silver project.

Key Points: 
  • Morgan Lekstrom, CEO of Tearlach, commented, “This is a significant growth step for Tearlach in becoming a leading multijurisdictional lithium company and for Blackrock Silver diversifying their already world-class silver project.
  • Upon Tearlach completing the Initial Earn-In and exercising the First Option, Tearlach and Blackrock Gold shall enter into a definitive mining joint venture agreement (the “Joint Venture Agreement”) in respect of the management and ownership of the Optioned Zone of the Tonopah North Project (the “Joint Venture”).
  • The parties to the Joint Venture shall contribute to future Expenditures in accordance with their respective participating interests as prescribed in the Joint Venture Agreement.
  • Subject to the terms of the Joint Venture Agreement, Tearlach shall be the initial manager of the Joint Venture and shall have control of the activities and operations of the Joint Venture.

Latin Metals Provides Update on Barrick Gold Exploration Activities, Argentina

Retrieved on: 
Thursday, December 8, 2022
Accident, TSX Venture Exchange, Property, Health, Dispute resolution, Copper, Conversation, News, Insurance, Second Optional Protocol to the International Covenant on Civil and Political Rights, Legislation, Exercise, SEDAR, Plant, Risk, National Cyber Security Authority (Israel), Pandemic, Barrick, Mining, First Option, Financial statement, COVID-19, Epidemic, Security (finance), Risk management

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995.

Key Points: 
  • This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995.
  • Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
  • Readers are cautioned not to place undue reliance on forward looking statements.
  • Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

Denarius Signs Definitive Option Agreement With Europa Metals to Develop the Toral Zinc-Lead-Silver Project, Leon Province, Northern Spain

Retrieved on: 
Wednesday, November 23, 2022
Denarius, Playa Zancudo, Metal, EMI, First Options of Chicago, Inc. v. Kaplan, NSR, Partnership, AIM, TSX Venture Exchange, DSLV, Exercise, Mineral, First Option, SEDAR, Option style, News, Toral, Second Optional Protocol to the International Covenant on Civil and Political Rights, Mining, Risk, Junta, Acquisition, Bank, Cryptocurrency

(EMI), a wholly owned Spanish subsidiary of Europa which holds the Toral Zn-Pb-Ag Project (the Toral Project), Leon Province, Northern Spain.

Key Points: 
  • (EMI), a wholly owned Spanish subsidiary of Europa which holds the Toral Zn-Pb-Ag Project (the Toral Project), Leon Province, Northern Spain.
  • Denarius Metals expenditure commitment under the First Option is subject to a minimum of US$1,000,000 in each of the first two years of the First Option period.
  • (Querlec Gestion) with regards to services provided in connection with the acquisition by Denarius Metals of an interest in the Toral Project.
  • The Company has recently signed a definitive option agreement with Europa Metals Ltd. (AIM: EUZ) pursuant to which Europa has granted Denarius Metals the right to acquire up to an 80% ownership interest, in two stage, in the Toral Zn-Pb-Ag Project, Leon Province, Northern Spain.

Brunswick Exploration Options Property Immediately Adjacent to PMET’s Corvette Discovery

Retrieved on: 
Thursday, November 10, 2022
GLOBE, First Option, Debt, TSX Venture Exchange, Indian stock exchange, Debt settlement, Option style, Corvette, First, Intention, BRW, Effective date, Second Optional Protocol to the International Covenant on Civil and Political Rights, Lithium, Legislation, Exercise, LCT, News, Company, Minority, Corporation, Mithril, Agreement, TSX, Iron Patriot, Policy, Ownership, SEDAR, Industry, MI, Acquisition, MD, Oil, Life insurance, Lease, Health insurance, Teahouse, Security (finance), Elrond, Eastern Canada

The Mythril property is located immediately north of Patriot Battery Metals Corvette project in Quebec.

Key Points: 
  • The Mythril property is located immediately north of Patriot Battery Metals Corvette project in Quebec.
  • The lithium acquisition option on the Mythril and Elrond properties are adjacent to Patriot Battery Metals outstanding Corvette project.
  • The scientific and technical information contained in this press release has been reviewed and approved by Mr. Jeff Hussey, Director of Brunswick Exploration.
  • Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW.