Fancamp Announces Leadership Appointments to Goldera Exploration Ltd. as part of Corporate Reorganization

The most recent news (February 10, 2026) announces the appointment of the leadership team for Goldera Exploration Ltd., the entity being created through the strategic spin-out of Fancamp’s exploration assets. Rajesh Sharma will serve as Executive Chairman and Charles Tarnocai as CEO. This follows the December 2025 announcement of the "Normal Course Issuer Bid" (NCIB) and the November 2024 initiation of the reorganization. The news confirms that the corporate reorganization is progressing toward a targeted completion in Q2 2026.

The impact is Routine - Positive. While the staffing of a new subsidiary is a necessary administrative step for a spin-out, it does not fundamentally alter the valuation of the underlying assets. However, for a risk-averse investor, it demonstrates execution of the strategy announced in late 2025. The material value remains tied to the successful separation of the "Investment/Royalty" arm (the "New Fancamp") from the "Exploration" arm (Goldera). The news validates the timeline but does not provide details on the "Concurrent Financing" that will be required to float Goldera as a standalone entity.

Fancamp is transitioning from a traditional explorer into a hybrid investment/royalty and exploration company. - The "New Fancamp": Will hold a $34.5M secured convertible note from KWG Resources, a $20M+ marketable securities portfolio (including Champion Iron dividends), and a vast royalty portfolio (3.5% GMR on Beauce gold, 2% NSR on Magpie titanium). - Goldera (The Spin-out): Will hold the exploration assets, including the Clinton VMS project (Quebec), the Grasset Ni-Cu project, and the 50/50 Acadian Gold JV (New Brunswick). - Flagship Exploration Project: The Acadian Gold JV (McIntyre Brook) is the current focus, where 2025 prospecting yielded 7 g/t Au grab samples and identified a 3km strike extension.