Wildsky Announces Update to Acquisition of NewRidge Gold Project

Wildsky Resources Inc. has provided an update on its proposed acquisition of a 100% interest in the NewRidge Gold Project and an option to purchase three adjacent mining claims located in Manicaland Province, Zimbabwe. The company confirmed that it is currently preparing the required technical report, which must comply with National Instrument 43-101, as well as the definitive agreement for the proposed transaction.
Trading of Wildsky Resources Inc. shares on the TSX Venture Exchange (TSXV) was halted on October 2, 2026, pending a review by the exchange under Policy 5.3. The transaction is classified as a Fundamental Acquisition, which triggered the halt. The trading suspension will remain in effect until specific conditions under Section 5.6 of Policy 5.3 are met.
Regarding the company's outlook, Wildsky Resources Inc. stated, "The Company is currently preparing a technical report and definitive agreement in respect of the Proposed Transaction."
The release noted various risks associated with the transaction, including those related to due diligence, regulatory approval, financing, title and permitting, operations in a foreign jurisdiction, and the political and economic conditions in Zimbabwe.