Northwire Canada EditionFriday, July 31, 2026
Northwire
NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
M&A / Property

Greencastle Announces Closing of Acquisition of Common Shares of Royal Uranium

VGN · Price

Executive Summary

  • Greencastle Resources completed the acquisition of 500,000 common shares of Royal Uranium Inc., issuing 3.5 million its own common shares as consideration (valued at $175,000).
  • The transaction expands Greencastle’s portfolio to include uranium royalties in the Athabasca Basin and Colombia, plus oil‑and‑gas royalties in Wyoming, Oklahoma, and a coal‑bed methane royalty in Alberta.
  • Consideration shares are subject to a four‑month‑plus statutory hold period, with trading expected on the TSX Venture Exchange after April 6 2026.

Key Details

  • Acquisition target: 500,000 common shares of Royal Uranium Inc. (no prior holdings).
  • Consideration issued: 3,500,000 Greencastle common shares at a deemed price of $0.05 per share, total deemed value $175,000; no cash paid.
  • Strategic rationale: Provides exposure to uranium and oil‑and‑gas assets, diversifying Greencastle’s resource portfolio. Royal Uranium holds 18 uranium royalties (Athabasca Basin, Newfoundland, Berlin Project in Colombia) and gas royalties in Wyoming & Oklahoma, plus a revenue‑generating coal‑bed methane royalty in Alberta.
  • Closing conditions: All corporate approvals obtained; TSX Venture Exchange acceptance pending for share issuance.
  • Statutory hold period: Shares subject to a four‑month‑and‑one‑day hold, expiring April 6 2026; expected listing on TSXV thereafter.
  • Arm’s‑length transaction: Vendor is unrelated; no finder's fees or commissions paid; not a related‑party transaction under MI 61‑101.

Notable Quotes

  • “The Acquisition was completed for investment purposes and is consistent with the Company's strategy to pursue selective positions in prospective resource companies and projects.” – Anthony Roodenburg, CEO, Greencastle Resources Ltd.
Read the original news release →

More from Greencastle Resources Ltd.