Dinero Ventures Completes Acquisition of Mineral Claims Pursuant to Property Purchase and Assignment Agreements
Dinero pivots to Rare Earth Elements with Mount Bisson acquisition as gold results remain modest.
The most recent news (March 17, 2026) confirms the completion of the acquisition of the Mount Bisson property in British Columbia. Dinero Ventures issued 1,953,641 common shares to Red Eye Resources Ltd. to acquire a 100% interest. Additionally, the company assumed an option agreement for further claims by issuing 250,000 shares. The property is characterized by a 1-2 km wide magnetic high with silt samples showing high concentrations of Rare Earth Elements (REE). The company already holds a drill permit for this project.
The impact is Routine - Positive. While the acquisition marks a strategic shift or expansion into the REE sector, it was previously announced on February 2, 2026. The closing is a necessary administrative step. - Strategic Shift: The company is moving focus toward REEs following relatively narrow gold intercepts at its New Raven property (1.07m of 8.05 g/t Au). - Dilution: The issuance of ~2.2 million shares for the property is relatively minor (approx. 7-8% dilution) but adds to a share structure already burdened by warrants. - Readiness: The possession of a drill permit is the most positive aspect, as it allows for immediate testing of the magnetic anomaly without regulatory delays.
Dinero Ventures is a junior explorer focused on British Columbia. - Flagship Project (New): Mount Bisson (REE). Located in the Omineca Mining Division, BC. Features a significant magnetic anomaly and high REE silt samples. - Secondary Project: New Raven (Gold). Located near Lillooet, BC. Recent drilling showed high-grade but narrow veins (1.07m).