Eureka Enters into Share Purchase Agreement of Stairway Mining Corp

Executive Summary

• Eureka Lithium Corp. announced a definitive agreement to acquire 100% of Stairway Mining Inc., gaining the Tyee Titanium & Vanadium Project (Quebec) and the Cabin Lake Silver‑Gold‑Zinc‑Lead Project (British Columbia).
• Consideration will be paid with 12,000,000 newly issued common shares of Eureka Lithium.
• The transaction is expected to close on or about February 3, 2026, subject to customary conditions and CSE approval.

Key Details

• Transaction Structure: Share purchase agreement dated Jan 26 2026; acquisition of all Stairway Mining Inc. shares.
• Consideration: 12,000,000 Eureka Lithium common shares issued to Stairway shareholders (arm’s‑length transaction).
• Properties Acquired:
• Tyee Project – 189 contiguous mineral claims, ~10,136 ha in the Havre‑St‑Pierre Anorthosite Complex, targeting titanium. Key targets: Big TiO, NS Trend, East Nugget.
• Cabin Lake Project – Six contiguous mineral claims, ~2,363 ha in BC’s Golden Triangle, hosting silver‑gold‑zinc‑lead mineralization.
• Closing Timeline: Anticipated on or about Feb 3 2026; pending customary closing conditions and regulatory approvals (including CSE).
• Strategic Rationale: Expands Eureka’s portfolio into titanium, vanadium, and base/precious metal projects that support defence and high‑tech applications.
• Qualified Person: Afzaal Pirzada, M.Sc., P.GEO., reviewed and approved the scientific and technical disclosure (NI 43‑101).

Notable Quotes

“We are excited about the proposed acquisition of the Tyee and Cabin Lake Projects in Quebec and British Columbia,” said Dave Bowen, CEO of Eureka Lithium Corp. “These projects give Eureka exposure to mineral projects targeting exploration for important materials necessary for defence and high tech applications.”