Big Bear Gold Corp. Announces Resumption of Trading
Big Bear adds drill-ready Peerless ground to its Bridge River portfolio despite facing a severe liquidity crunch.
Big Bear Gold Corp. (BEAR) announced the resumption of trading on the TSX Venture Exchange on October 8, 2026. Trading had been halted on September 28, 2026, pending the announcement of its acquisition of an optioned interest in the Peerless Property.
The transaction involves an assignment and assumption agreement to acquire Bathurst Metals Corp.'s 100% optioned interest in the Peerless Property, located in the Bridge River Mining Camp, British Columbia. Full details were previously disclosed on October 1, 2026, including the issuance of 3,555,000 common shares to BMV and future earn-in obligations totaling $350,000 in cash, $2,000,000 in expenditures, and 5,500,000 shares. The transaction remains subject to TSXV approval and a 90-day due diligence period.
Big Bear Gold Corp. (BEAR) announced the resumption of trading as an administrative follow-up to its October 1 announcement, carrying no new substantive information. The company’s acquisition of the Peerless Property adds 5,500 hectares of drill-ready ground with an active permit and historical high-grade intercepts, such as 4.52m @ 28.93 g/t Au. However, these results are historical data from 1987 and lack modern exploration verification.
The deal structure introduces significant equity dilution, with 3,555,000 shares issued immediately plus 5,500,000 shares upon earn-in completion. This represents approximately 36% dilution on the current ~25.3M share base. While the cash outlay is minimal at $350,000 over three years, the company's near-zero cash position makes funding the $2,000,000 expenditure commitment highly challenging without additional capital raises.
Big Bear Gold Corp. is a junior exploration company focused on gold projects in the Bridge River Mining Camp, British Columbia. Its flagship asset is the Will Gold Project. In July 2026, the company expanded this project by acquiring two strategic claim blocks totaling 183.58 hectares, bringing the total land position to 1,326.05 hectares. The expansion targets the historically developed Mary Mac South Zone.
The company also holds the Peerless Property, a 5,500.43-hectare gold exploration project featuring five identified zones: Beta, Delta, Gamma, Alpha, and Epsilon. The property is drill-ready with year-round access and an active permit. Historical drilling by Manhattan Minerals in 1987 reported high-grade intercepts, but no modern exploration has been conducted.