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Financings

LFNT Resources extends Skyfire option by 12 months

By The Northwire Desk — AI Analysis Dec 31, 2025 · 18:10 LFNT · 0.22 LFNT Resources Corp
LFNT · Price

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.)

Read the original news release →