New Earth issues 1.25M shares under Red Wine option

Executive Summary

• New Earth Resources Corp. issued 1.25 million Class A common shares to Northex Capital Partners Inc. as consideration for an option to acquire the Red Wine rare‑earth project in Labrador.
• The shares were sold at C$0.285 per share, generating aggregate proceeds of $356,250.
• The issued shares are subject to a four‑month hold period that expires on 2026-03-29.

Key Details

• Share issuance: 1,250,000 Class A common shares issued under the option agreement dated 2025‑11‑19.
• Price per share: C$0.285 (28.5 cents).
• Aggregate consideration: $356,250 paid by Northex Capital Partners Inc. for the initial option payment.
• Hold period: Shares subject to a four‑month lock‑up expiring 2026‑03‑29 in accordance with CSE policies and securities law.
• Project covered: Red Wine rare‑earth project – two non‑contiguous mineral claims in Labrador, Canada, totaling ~1,575 ha.
• Counterparty relationship: Northex Capital Partners Inc. and its principals are arm’s length to New Earth Resources Corp.

Notable Quotes

(No direct quotes were provided in the release.)