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M&A / Property

Metals Creek Acquires 0.5 % NSR on the Tillex Property from Blue Moon Metals Inc. (formerly Savant Explorations Ltd.)

By The Northwire Desk — AI Analysis Jan 09, 2026 · 08:50 MEK · 0.035 Metals Creek Resources Corp.
MEK · Price

Executive Summary

  • Metals Creek Resources Corp. exercised its right to acquire the 0.5% Net Smelter Royalty (NSR) on the Tillex property from Blue Moon Metals Inc. in exchange for 50,000 common shares.
  • The NSR was originally granted to Savant Explorations Ltd. (now Blue Moon Metals) when Metals Creek purchased an 85% interest in the Tillex property in November 2008.
  • The transaction remains subject to approval by the TSX Venture Exchange.

Key Details

  • Transaction: Acquisition of a 0.5% NSR on the Tillex property (Currie Township, ~65 km east of Timmins, Ontario).
  • Consideration: Issuance of 50,000 Metals Creek common shares to Blue Moon Metals Inc.
  • Background: The NSR was part of the original purchase agreement dated 29 Nov 2008 when Metals Creek acquired an 85% interest in Tillex from Savant (now Blue Moon).
  • Regulatory Condition: Completion pending TSX Venture Exchange approval.
  • Property Context: Tillex is a gold‑bearing project within the Porcupine‑Destor Fault zone; Metals Creek also holds a 50% interest in the nearby Ogden Gold Property.

Notable Quotes

  • “We are pleased to finalize the acquisition of the NSR, which further consolidates our ownership and future upside on the Tillex property.” – Alexander (Sandy) Stares, President and CEO, Metals Creek Resources Corp.
Read the original news release →

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