Bocana Resources Corp. Announces Joint Venture with Arizore Ltd to Form Arizore LLC

Executive Summary

• Bocana Resources Corp. entered into a joint‑venture agreement with Arizore Ltd., creating Arizore LLC (a Nevada LLC) in which each party holds a 50% membership interest.
• The JV will acquire, explore, develop and operate mining properties for gold, silver, magnetite and other minerals, and may pursue tokenization of mining‑related assets.
• Arizore Ltd. will provide up to USD $60 million in secured funding loans to the JV company; Bocana will act as operator with no equity contribution required.

Key Details

• JV Structure: 50/50 ownership between Bocana and Arizore Ltd.; each member appoints equal numbers of managers to the JV Company’s board of managers.
• Funding Commitment: Up to USD $60 million in secured loans covering acquisition, due‑diligence, capital expenditures and operating costs; no equity contribution required from Bocana.
• Equity Issuance Restriction: Any issuance of equity interests exceeding 10% of the JV Company requires unanimous consent of both members.
• Operational Roles:
• Arizore Ltd. – sole provider of project funding via secured loans.
• Bocana – designated operator responsible for exploration, mine development, feasibility studies and mining operations.
• Asset Scope: Exploration, development, ore processing, production and sale of gold, silver, magnetite and other minerals; ability to enter into offtake/forward agreements, marketing contracts, financing and tokenization activities.
• Digital Asset Initiative: Arizore Ltd. plans to develop a compliance‑focused digital infrastructure for tokenizing mining‑related assets; any token offerings will be subject to applicable securities laws and may include gold‑backed tokens or structured investment products.
• Revenue Distribution: Net proceeds (after taxes, operating costs, reclamation, environmental obligations and repayment of funding loans) will be split 50/50 between the members.
• Board Appointments: One Arizore Ltd. board member will join Bocana’s board; one Bocana board member will sit on Arizore Ltd.’s board.
• Intellectual Property: All IP created in connection with tokenization will be jointly owned by the two members.

Notable Quotes

“This joint venture represents more than just shared ownership and development of mineral assets – it’s a shared vision for the future of digital innovation,” said Tim Turner, Bocana’s Chief Executive Officer.

Materiality Assessment: Material – Positive (the agreement creates a new, funded JV with up to $60 M in financing and introduces a strategic digital‑asset component.)