Northwire Canada EditionWednesday, July 29, 2026
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Drill Results

Sterling enters exploration deal with GRFN for Soo

SAG · Price

Executive Summary

  • Sterling Metals Corp. entered into an exploration agreement with Garden River First Nation for the Soo copper project, issuing 210,000 common shares subject to a four‑month hold period.
  • The company also signed marketing and consulting agreements with Plutus Invest & Consulting GmbH (up to €375,000) and GRA Enterprises LLC d/b/a National Inflation Association ($50,000 initial fee) for investor‑relations services.

Key Details

  • Exploration Agreement: Signed 8 Sept 2025 with Garden River First Nation covering the 100% owned Soo copper project in Batchewana Bay, Ontario, and any future mining claims within GRFN traditional territory.
  • Equity Issuance: 210,000 common shares to be issued upon execution of the agreement; subject to a hold period of four months + 1 day and resale restrictions under applicable securities legislation; issuance pending TSX‑V approval and other regulatory consents.
  • Share Hold Period: Four months plus one day from issuance date.
  • Plutus Marketing Services Agreement: Dated 12 Sept 2025, term 12 months starting 22 Sept 2025; media budget €125,000 with additional up to €250,000 on a fee‑for‑services basis for PR and European investor advertising campaign; no securities issued as compensation.
  • Plutus Details: German‑based firm controlled by Marco Messina; arm’s‑length relationship; no equity interest in Sterling Metals.
  • National Inflation Association (NIA) Consulting Agreement: Dated 12 Sept 2025, initial term six months; fee $50,000 U.S.; optional extensions: +$30k for three months, +$50k for six months, or +$100k for one year; services include targeted email lists, website features, and blog content to promote Sterling’s growth story.
  • NIA Details: Based in Mooresville, NC; arm’s‑length relationship; no securities issued as compensation.

Notable Quotes

“We are very pleased with the signing of the exploration agreement as it is a further demonstration of the positive working relationship established with the GRFN. We look forward to working with the GRFN over the years to come.” – Mathew Wilson, President & CEO, Sterling Metals Corp.

Read the original news release →

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