Decade Acquires Bonaparte Copper - Gold Property in Kamloops Mining Division

On October 21, 2025, Decade Resources announced it has entered into an option agreement to acquire an 80% interest in the Bonaparte copper-gold-molybdenum property in British Columbia. To earn the interest, Decade must issue a total of 14,688,565 shares over four years (2,937,713 shares annually). The vendor will retain a 2% Net Smelter Royalty (NSR), of which Decade can purchase half (1%) for $3,000,000.

The property is described as an undrilled porphyry prospect on a proven trend, with geological reports suggesting it may represent the upper levels of a buried porphyry system. Decade plans a maiden drill program and has applied for permits.

Additionally, the company announced the grant of 6,000,000 incentive stock options to directors and consultants, exercisable at $0.05 for five years.

The acquisition of the Bonaparte property is a routine corporate development for a junior exploration company. It adds another early-stage asset to the portfolio.

• Positive Aspects: The deal is structured entirely in shares, which preserves the company's limited cash for exploration. The property has some geological backing from the British Columbia Geological Survey, suggesting it is a credible exploration target. Adding a copper-gold porphyry target is consistent with the company's focus on base and precious metals in B.C.

• Negative Aspects: The deal will result in significant share dilution over the next four years, adding nearly 14.7 million shares to the already bloated share structure. This comes at a time when the company's focus could be questioned; it just announced spectacular high-grade gold and silver surface samples at its North Mitchell property on October 14, which should arguably be the sole focus of its resources. Acquiring another grassroots, undrilled property could be a distraction.

• Contextual Analysis: This news is overshadowed by the October 14th announcement of grab samples grading up to 45.0 g/t gold at North Mitchell. The market's reaction to that highly material news was muted, with the stock price falling from a high of $0.06 back to $0.04. This suggests significant investor fatigue or concern over the company's capital structure. Therefore, this news of a long-term, dilutive option agreement for an undrilled property is unlikely to have a meaningful positive impact on the share price. The grant of 6 million options at $0.05 is also dilutive and routine.

Overall, the news is a minor positive as it adds a new project without immediate cash cost, but it is not material. The core issues of financing and execution on more advanced projects, particularly North Mitchell, remain the key drivers.

Decade Resources is a junior exploration company with a portfolio of mineral properties in British Columbia. Its primary focus has been on the Nobody Knows property near Terrace, B.C., a copper-silver project where 2024 drilling intersected consistent mineralization and subsequent prospecting in 2025 uncovered high-grade gold-silver-base metal boulders.

More recently, the North Mitchell property in the Golden Triangle has become a key project. Acquired in early 2025, it is surrounded by world-class deposits (Seabridge's KSM, Tudor's Treaty Creek, Newmont's Brucejack). The announcement of high-grade gold (45.0 g/t) and silver (60.4 g/t) in surface grab samples in October 2025 makes this arguably the company's most prospective and highest-impact asset. The company also holds several other projects, including the newly optioned Bonaparte property.