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Financings

Rumble Resources expands Wilmac project to 11,504 ha

By The Northwire Desk — AI Analysis Oct 10, 2025 · 18:38 RB · 0.205 Rumble Resources Inc
RB · Price

Executive Summary

  • Rumble Resources expands the Wilmac copper‑gold project from 2,355 ha to 11,504 ha by adding the contiguous Lamont Ridge (7,086 ha) and Plume (2,063 ha) areas.
  • The amended option agreement requires an additional $370,000 cash payment plus issuance of 2.0 million units at $0.30 each, bringing total cash commitments to $700,000 and unit issuances to 3.0 million over three years.
  • A marketing services agreement with PRAI Inc. is signed for up to $350,000 to boost the company’s public profile.

Key Details

  • Project Expansion
  • Total area now 11,504 ha (up from 2,355 ha).
  • Lamont Ridge: 7,086 ha of seven claims adjoining Wilmac; located ~10 km west of Hudbay’s Copper Mountain mine.

  • Plume: pending mineral title application for 2,063 ha; includes two iron‑carbonate‑silica alteration zones and a small diorite‑gabbro exposure.

  • Exploration Highlights – Lamont Ridge

  • Late‑2024 3‑D IP/AMT survey identifies two parent intrusives with pipe‑like features to surface.

  • Soil sampling (97 new samples) returned 66 samples >100 ppm Cu, max 1,125 ppm Cu; correlates with high‑chargeability and deep conductivity anomalies.

  • Amended Option Terms

  • Additional cash payment: $370,000.
  • Issuance of 2.0 million units at a deemed price of $0.30 per unit (each unit = 1 common share + 1 transferable warrant).
  • Warrants exercisable at $0.30 for 24 months; subject to a four‑month‑and‑one‑day hold period and regulatory approvals.
  • To earn a 70 % interest in the expanded Wilmac area, Rumble must:
    • Pay $700,000 cash over three years (including the $370k above).
    • Issue 1.0 million units at $0.10 (already issued) and 2.0 million units at $0.30.
    • Spend $3.99 M on exploration over five years.
  • Net smelter return royalty: 2 % (with option to repurchase 1 % for $2.0 M).

  • Post‑option annual advance royalty payments: $100,000.

  • Marketing Agreement

  • Service provider: PRAI Inc., Miami Beach, FL.
  • Term: Commences Oct. 15 2025; ends after six months or upon budget exhaustion, whichever occurs first.
  • Services: Content marketing, native ads, SMS & email campaigns, display ads, landing pages, influencer networking, push notifications, programmatic advertising, etc.
  • Compensation: Up to $350,000 (‑ $175,000 upfront, ‑ $175,000 after three months).

  • No securities issued; agreement subject to CSE filing acceptance.

  • Qualified Person

  • Technical data reviewed by Rick Walker, P.Geo., qualified under NI 43‑101 (not independent).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from Rumble Resources Inc

Oct 10, 2025 · 16:48

Rumble Resources Expands Wilmac Copper-Gold Project to 11,504 Hectares with Addition of Lamont Ridge and Plume

Other Aug 19, 2025 · 16:31

Rumble Resources Announces Permit Application Submitted for the Wilmac Copper-Gold Project in Southeastern British Columbia

Drill Results