Northwire Canada EditionWednesday, November 4, 2026
Northwire
⌕
Gold 3,940.40 −0.7% Silver 49.75 −2.2% Copper 6.41 −2.4% Oil 96.76 +0.3% Palladium 930.00 −4.0% MSA 8.73 +1.2% GGL 0.145 +0.0% MAU 14.45 +0.3% EMO 0.220 +0.0% EOX 0.060 +0.0% PMET 2.99 −2.3% SVM 11.14 −2.5% NUAG 6.82 +0.1% STGO 1.35 +1.5% TFPM 39.56 −2.0% REE 0.030 +0.0% PNTR 0.330 +0.0% SSRM 36.56 −2.4% NGEX 20.85 +2.9% DML 2.96 −0.3% DOS 0.020 +0.0% Gold 3,940.40 −0.7% Silver 49.75 −2.2% Copper 6.41 −2.4% Oil 96.76 +0.3% Palladium 930.00 −4.0% MSA 8.73 +1.2% GGL 0.145 +0.0% MAU 14.45 +0.3% EMO 0.220 +0.0% EOX 0.060 +0.0% PMET 2.99 −2.3% SVM 11.14 −2.5% NUAG 6.82 +0.1% STGO 1.35 +1.5% TFPM 39.56 −2.0% REE 0.030 +0.0% PNTR 0.330 +0.0% SSRM 36.56 −2.4% NGEX 20.85 +2.9% DML 2.96 −0.3% DOS 0.020 +0.0%
M&A / Property Routine +

Loyalist Exploration Announces Exercise of Gold Rush Option Agreement

PNGC · Price

Executive Summary

  • Loyalist Exploration Limited has exercised its option to acquire a 100% interest in the Gold Rush property, a 41-claim mineral package located in the Timmins Gold Camp of Ontario.
  • The acquisition was finalized pursuant to an amended option agreement, with the Company remitting 8,000,000 common shares and $50,000 in cash to the optionor.
  • Final completion of the transaction remains contingent upon securing all required regulatory approvals, specifically including approval from the Canadian Securities Exchange.

Key Details

  • Property Name & Location: Gold Rush Property, located approximately 30 km west of Timmins, Ontario, within the Timmins Gold Camp
  • Claim Composition: 41 contiguous mineral claims
  • Transaction Type: Exercise of option to acquire 100% interest
  • Consideration Paid: 8,000,000 common shares of Loyalist Exploration Limited + $50,000 CAD in cash
  • Agreement Timeline: Original Option Agreement dated March 31, 2025; subsequently amended on October 9, 2025 and April 7, 2026
  • Regulatory Conditions: Completion is subject to all necessary regulatory approvals, including explicit approval from the Canadian Securities Exchange
  • Strategic Context: Acquisition aligns with the Company's "Buy Timmins" strategy, complementing recent portfolio additions including the Tully, Loveland, and DeSantis properties
  • Forward-Looking Risks: Completion depends on securing necessary financings, meeting anticipated timelines, and obtaining governmental/environmental approvals; failure to secure these could impact the acquisition
Read the original news release →

More from Loyalist Exploration Limited