Rokmaster Completes Initial Terms of Option to Acquire the Cristal Porphyry Copper Project
Rokmaster closes its Chile copper option and adds an undrilled porphyry target to its project portfolio.
Rokmaster Resources Corp. has met the initial terms of its option agreement to acquire a 100% interest in the Cristal Project, a 9-square-kilometer undrilled porphyry copper target located in northern Chile. The transaction required the issuance of 7,000,000 common shares and a cash payment of US$70,000 to the optionor, Patrick James Burns. The TSX Venture Exchange has accepted the Option Agreement.
The project features a strong, circular, doughnut-shaped magnetic anomaly approximately three kilometers in diameter, which is indicative of a buried porphyry copper system. Management plans to initiate further geophysical surveys to refine historical undrilled targets, followed by an initial diamond drill program.
Rokmaster Resources Corp. (RKR) has fulfilled the first tranche of an option agreement initially announced on July 27, 2026. The issuance of 7,000,000 shares represents approximately 3.9% dilution on the current share base of approximately 180.5 million. An additional 14,000,000 shares are to be issued over the next 24 to 36 months if the option is fully exercised.
The company incurred a US$70,000 cash outflow, which is immaterial to its current cash position but adds to operating burn. The announcement adds exploration optionality in a premier copper jurisdiction but provides no immediate revenue, resource definition, or production timeline. The development aligns with previous expectations and does not materially alter the company's financial or operational trajectory at this stage.
Rokmaster Resources Corp. is a junior exploration company focused on porphyry Cu-Mo-Au and high-grade Au-Ag vein systems. Its flagship Nechako Project comprises 282 square kilometers in west-central British Columbia, including the Mystery, Hanson, Fox-Coconut, Chaplin, Duncan Lake, and Downie properties.
Recent exploration highlights include compelling IP survey results at Mystery, initial drilling at Hanson's Wilson target which returned 0.518% Mo over 1.2m, and high-grade silver channel samples at Fox-Coconut. The company also recently acquired the Cristal Project in northern Chile, adding a large-scale, undrilled porphyry copper target in a world-class mining district to complement its Canadian portfolio.