Sokoman Minerals Corp. Announces Name Change to Pirate Gold Corp., Expands Land Position at the Treasure Island Project

On November 25, 2025, Sokoman Minerals announced it is changing its name to Pirate Gold Corp., effective December 1, 2025, with a new TSXV ticker symbol "YARR". This rebranding aligns with its consolidated "Treasure Island Project".

Concurrent with the name change, the company has expanded its land position at Treasure Island by acquiring a 100% interest in seven mineral licenses (the Aurora Project) contiguous to its existing claims. The acquisition terms include cash payments totaling $60,000 and the issuance of 900,000 common shares, plus a 1.5% Net Smelter Royalty (NSR) on some claims and a 1.0% NSR on others, with options to buy back half of each royalty.

Finally, the company granted 21,100,000 stock options to officers, directors, and consultants. These options have an exercise price of $0.25 and a term of five years.

This news is a material positive development, serving as the final piece of a complete corporate transformation that has occurred over the past three months. While the name change and land acquisition are not "game-changing" in isolation, they are the logical and necessary conclusion to the truly transformative events that preceded them.

The story of this company has been completely rewritten since September 2025: 1. September 29: A new, highly credible management team with a stellar track record from New Found Gold took control, led by Denis Laviolette. This was the initial, most critical catalyst. 2. October 8: The new team announced a bold new strategy: consolidating a district-scale land package (58,775 ha) along the highly prospective Valentine Lake Fault, rebranding it the "Treasure Island Project". 3. October 31: The company closed a massive C$26.2 million "bought deal" financing, backed by strategic investor Eric Sprott, who now owns 23.8%. This fully funded the new strategy and eliminated any near-term financial risk.

The November 25 news solidifies this new identity. The name change to "Pirate Gold Corp." and ticker "YARR" is a marketing move to align the corporate brand with the "Treasure Island" project, signaling a definitive break from the past. The continued bolt-on land acquisitions demonstrate management's commitment to consolidating and exploring the entire district.

The most telling detail is the grant of 21.1 million options at an exercise price of $0.25. This is significantly above the $0.19 financing price, indicating strong management confidence and aligning their interests with shareholders at a higher valuation. This is not a team that is looking for a small win; they are incentivized for a major re-rating of the stock.

From a risk-averse perspective, the company has successfully transitioned from a single-project explorer with a stalled bulk sample plan and a weak treasury into a well-funded, district-scale player led by a proven team. The latest news confirms this new direction is firmly in place.

Sokoman Minerals Corp., soon to be Pirate Gold Corp., is a Canadian junior exploration company focused on gold in Newfoundland. The company's flagship asset is the newly consolidated, district-scale Treasure Island Project. This project covers 65 km of strike length along the Valentine Lake Fault system, the same structure that hosts Equinox Gold's multi-million-ounce Valentine Gold Mine. The Treasure Island project encompasses the company's more advanced Moosehead gold discovery, which has returned numerous high-grade drill intercepts, as well as a large, underexplored land package with multiple untested targets.