Tsodilo Resources Intends to Pursue Re-Domiciliation to United States

Executive Summary

• Tsodilo Resources Limited announced its intention to re‑domicile from Canada to the United States.
• The move reflects the fact that the company’s operations are based in Botswana and most shareholders are non‑Canadian.
• No immediate financial impact or transaction terms were disclosed; the announcement is primarily strategic and regulatory.

Key Details

• Tsodilo Resources Limited (TSXV: TSD) plans to change its legal domicile to the United States.
• The company’s exploration activities remain focused on its 100 % owned Gcwihaba project in Botswana, which holds five prospecting licences for base metals, precious metals, platinum‑group metals and rare earths.
• Rationale cited: alignment with a shareholder base that is largely non‑Canadian and the location of operational assets in Botswana.
• No details were provided regarding timing, required regulatory approvals, or any changes to corporate governance structures.
• The press release contains extensive forward‑looking statements and risk disclosures but no specific financial figures or transaction terms.

Notable Quotes

• “We believe re‑domiciling to the United States better reflects our operational footprint and shareholder composition,” – James M. Bruchs, Chairman and Chief Executive Officer.