Eastfield Resources Ltd. to Sell Zymo and Indata Properties Eastfield to receive 10.0 million shares of Star Copper

Eastfield Resources Ltd. announced on June 30, 2026, that it has entered into a definitive agreement to sell its 100% interest in the Zymo copper-gold property and its 95.3% interest in the Indata copper-gold-molybdenum-silver property to Star Copper Corp. In exchange, Eastfield will receive 10 million shares of Star Copper, granting it a roughly 14.8% ownership stake in the company upon closing.

The transaction is classified as a Reviewable Disposition and a Related Party Transaction, requiring approval by Eastfield shareholders and the TSX Venture Exchange. Eastfield describes the deal as transformative, shifting its exposure from direct physical exploration ownership to indirect equity ownership in Star Copper. No cash consideration is involved, and the company indicates that the Star Copper shares will initially be held for investment but may later be distributed to Eastfield shareholders.

Eastfield Resources Ltd. (ETF) is disposing of its two core assets, Zymo and Indata, which together constitute the company’s entire exploration portfolio. The transaction transforms Eastfield from a junior explorer with direct title to mineral projects into a passive investment vehicle holding a minority stake in another explorer.

The move represents a dramatic strategic pivot, as the outcome was not telegraphed in prior news. Throughout 2025 and early 2026, the company consistently highlighted active exploration plans at both properties. Eastfield closed a $1.0 million private placement in October 2025, issuing 50 million units at $0.02, and commenced drilling at Indata with partner Star Copper, which already held a 60% earn-in option on the property. The Zymo project, 100% owned and the company’s flagship, was being prepared for a 2026 IP survey. The abrupt sale of Zymo—an asset that was not previously optioned to Star Copper—occurs without prior indication in provided news that Eastfield intended to exit Zymo or Indata outright.

The consideration for the transaction consists of 10 million Star Copper shares. The value implied by the recent Eastfield share price and the 14.8% post-closing stake suggests Star Copper’s fully diluted equity is valued similarly to Eastfield’s market cap, though there is no public market price for Star Copper shares. The transaction is a related party transaction, and no independent fairness opinion is mentioned. For Eastfield shareholders, the deal eliminates direct leverage to exploration success at Zymo and Indata, substituting it with a minority position in a company with limited public information. The news alters Eastfield’s business model, but the ultimate financial impact remains difficult to ascertain from the release alone.

Eastfield Resources Ltd. is a British Columbia-based mineral explorer. Prior to the announced sale, its primary assets included the 100%-owned Zymo Project, comprising 18,184 hectares located 45 km west of Smithers, BC. This copper-gold porphyry property featured 34 holes totaling 10,810 meters of drilling, highlighted by hole ZY08-09, which returned 252 meters at 0.32% copper and 0.23 grams per tonne gold. The project also contained significant untested induced polarization (IP) targets.

The company also held a 100% interest (95.3%) in the Indata Project, a 4,551-hectare copper-gold-molybdenum-silver porphyry located 120 km north of Fort St. James, BC. Historical gold intercepts at Indata included 4 meters at 47.26 grams per tonne gold. Star Copper held a 60% earn-in option on this property.

Following the sale, Eastfield will retain only a 14.8% stake in Star Copper Corp., which will own both the Zymo and Indata properties.