Aben Gold Signs Option Agreement with Kingfisher Metals for Forrest Kerr Project in the Golden Triangle

On December 4, 2025, Aben Gold Corp. announced it has signed a three-year option agreement with Kingfisher Metals Corp. for the Forrest Kerr Project, located in British Columbia's Golden Triangle. Under the terms of the agreement, Kingfisher can acquire a 100% interest in the project by making combined cash payments and share issuances totaling CAD $2.7 million. CEO Riley Trimble stated the transaction allows Aben to eliminate expenditures on Forrest Kerr and focus entirely on its flagship Justin Gold Project in the Yukon.

This news is a game-changer for Aben Gold. An analysis of the company's financial statements leading up to this announcement reveals a dire financial situation. As of the quarter ended June 30, 2025, Aben had only CAD $31,033 in cash, a working capital deficit of CAD $288,413, and a quarterly cash burn of approximately CAD $122,000. The company was on a clear path to insolvency.

This option agreement provides a critical lifeline. The total consideration of $2.7 million is greater than Aben's entire market capitalization of approximately $1.86 million. It converts a non-core, cash-draining asset into a significant source of non-dilutive funding over the next three years. This allows the company to shift its focus and capital to its 100%-owned flagship Justin Project, for which it recently received exploration permits (November 5, 2025).

While the payment schedule for the $2.7 million was not detailed, any near-term cash infusion will immediately alleviate the severe balance sheet pressure. This deal fundamentally alters the company's trajectory from a fight for survival to having a funded, multi-year exploration strategy on its primary asset. The market had not priced in this development, and it significantly de-risks the company's immediate future.

Aben Gold Corp. is a Canadian junior gold exploration company. - Flagship Project: The company's primary focus is the 100%-owned, 7,400-hectare Justin Gold Project located in the southeastern Yukon's Tintina Gold Belt, adjacent to Seabridge Gold's 3 Aces project. Historical exploration on the project includes drill intercepts of 1.25 g/t Au over 60.0 meters and a trench result of 20.8 g/t Au over 4.4 meters. The company received permits in November 2025 to conduct its next phase of exploration. - Other Projects: The company held the Forrest Kerr gold project in BC's Golden Triangle, which it is now in the process of optioning out to Kingfisher Metals.