Northwire Canada EditionSaturday, July 18, 2026
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AII 19.25 +3.9% GGA 5.95 +12.3% VM 0.140 +3.7% GSR 0.365 +1.4% QCX 0.195 +0.0% EAU 0.085 +0.0% MCM 0.310 +0.0% BAT 0.100 +5.3% SFR 0.370 +68.2% FFU 0.125 +4.2% TVI 0.045 −10.0% ZNX 0.080 +0.0% TSK 1.06 +0.9% OMM 0.050 +0.0% EMO 0.320 −7.2% MDM 0.060 +0.0% AII 19.25 +3.9% GGA 5.95 +12.3% VM 0.140 +3.7% GSR 0.365 +1.4% QCX 0.195 +0.0% EAU 0.085 +0.0% MCM 0.310 +0.0% BAT 0.100 +5.3% SFR 0.370 +68.2% FFU 0.125 +4.2% TVI 0.045 −10.0% ZNX 0.080 +0.0% TSK 1.06 +0.9% OMM 0.050 +0.0% EMO 0.320 −7.2% MDM 0.060 +0.0%
M&A / Property

Churchill, Canstar have TSX-V OK for Golden Baie option

CRI · Price

Executive Summary

  • TSX Venture Exchange approved Churchill Resources Inc.'s definitive option agreement with Canstar Resources Inc. to acquire a 100% undivided interest in the Golden Baie antimony-gold property in central Newfoundland.
  • Churchill immediately fulfilled the initial option terms by issuing 15,834,097 common shares and paying approximately $208,167 in cash to cover existing cash bonds on the property.
  • The 39,925-hectare property features a 30-kilometre trend of gold-antimony occurrences, with immediate plans for data review, airborne geophysics, and spring 2026 fieldwork and drilling.

Key Details

  • Transaction Approval: TSX Venture Exchange approved the definitive option agreement for a 100% undivided interest in the Golden Baie property.
  • Consideration & Payment: Issuance of 15,834,097 common shares to Canstar Resources Inc. plus a cash payment of ~$208,167 to cover existing cash bonds.
  • Property Size & Composition: 29 map-staked licences comprising 1,597 claims covering 39,925 hectares (399.25 square kilometres).
  • Location & Access: Central Newfoundland; accessible via provincial highways 360 and 361; serviced by communities of St. Albans, Milltown, and Conne River.
  • Exploration History: Canstar identified numerous gold-antimony occurrences along a 30-kilometre trend on the main licence block, including the high-grade Swanger's Cove prospect. Soil, prospecting, trenching, and drilling data suggest a large, outcropping gold-antimony system.
  • Immediate Next Steps: Data deep-dive with Canstar technical team and advisers to prioritize prospects for 2026 fieldwork.
  • 2026 Fieldwork Plans: Systematic trenching and channel sampling followed by drilling to initiate in spring 2026, mirroring the successful approach at the Black Raven property.
  • Geophysics: Airborne geophysical surveys planned for the earliest possible date to augment the existing geophysical database across the entire property.
  • Strategic Context: Antimony is designated a critical mineral by Canada and G7 allies; supply chain vulnerabilities and export controls by non-market actors drive the strategic focus on domestic production.
Read the original news release →

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