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M&A / Property

Vanguard Mining signs assignment deal re Redonda option

By The Northwire Desk — AI Analysis Jan 02, 2026 · 10:21 UUU · 0.17 Vanguard Mining Corp
UUU · Price

Executive Summary

  • Vanguard Mining Corp. has entered into an assignment and waiver agreement to acquire the interest in an option agreement for the Redonda property, a mineral claim located northeast of Campbell River, B.C.
  • The transaction involves the assignment of Stamper Oil & Gas Corp.'s exclusive option interest to Vanguard, allowing Vanguard to acquire the remaining 50% interest in the property.
  • To exercise this option, Vanguard must make a cash payment of $400,000 to Homegold Resources Ltd. on or before May 21, 2026.

Key Details

  • Transaction Structure: Assignment and waiver agreement dated December 30, 2025, between Vanguard Mining Corp., Homegold Resources Ltd., and Stamper Oil & Gas Corp.
  • Target Asset: Redonda property, mineral claims located northeast of Campbell River, B.C.
  • Previous Option History: Stamper held an exclusive option to acquire the claims under an option agreement dated May 21, 2021.
  • Acquisition Terms: Vanguard now holds the option to acquire the remaining 50% interest in the Redonda property.
  • Consideration: $400,000 cash payment to Homegold Resources Ltd.
  • Deadline: The cash payment must be made on or before May 21, 2026.

Notable Quotes

  • None provided in the release.
Read the original news release →

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