LFNT Resources extends Skyfire option by 12 months

Executive Summary

• LFNT Resources Corp. amended its Skyfire Property option agreement, extending all remaining obligations by 12 months.
• The amendment includes a cash payment of $32,000 and the issuance of an additional 200,000 common shares to the optionors.
• The newly issued shares are subject to a statutory hold period of four months and one day and must be accepted by the Canadian Securities Exchange.

Key Details

• Amending Agreement Date: December 19 2025 (original agreement dated August 19 2022).
• Consideration: $32,000 cash plus 200,000 additional common shares issued to optionors.
• Extension: All remaining exploration expenditure requirements, share issuance obligations, cash payment obligations and other time‑based commitments under the original agreement are extended by 12 months from their original due dates.
• Share Issuance Terms:
• 200,000 common shares to be issued pursuant to the amendment.
• Shares subject to a statutory hold period of four months and one day from issuance date in accordance with applicable securities laws.
• Issuance remains subject to acceptance by the Canadian Securities Exchange and compliance with applicable securities regulations.
• Rights Unchanged: LFNT retains its right to earn a 100 % interest in the Skyfire property, subject to an underlying net smelter return royalty; all other terms of the original option agreement remain unchanged and in full force.

Notable Quotes

(No direct quotes were provided in the release.)