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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
M&A / Property

Bessor Announces Termination of Jagrite Graphite Project

Bessor Minerals Drops Jagrite Graphite Deal, Refocuses on Core Yukon and BC Assets Amid Capital Constraints

By The Northwire Desk — AI Analysis Mar 25, 2026 · 07:15 BST · 0.03 Bessor Minerals Inc.
Executive Summary
  • Bessor Minerals Inc. formally announced the termination of its asset purchase agreement to acquire the Jagrite Graphite Project in British Columbia.
  • The termination references the initial acquisition announcement from September 10, 2025, effectively reversing the company's brief strategic pivot into graphite.
  • No financial penalties, termination fees, or alternative acquisition targets were disclosed.
  • Management reiterated its focus on existing assets: the Golden Eagle property in Yukon, the Redhill volcanogenic massive sulphide (VMS) deposit in BC, and a 1% net smelter return (NSR) royalty on claims at the Blackwater mine operated by Artemis Gold Inc.
Material Impact
  • The Jagrite deal was structurally minor, requiring only $70,000 in staged cash payments and 2 million common shares. Its termination removes negligible financial obligations but also eliminates a low-cost exploration option.
  • The market has likely priced in the lack of progress on this acquisition, given the company's history of terminating early-stage options (e.g., Easter Gold Project in Nevada).
  • The news does not alter the company's fundamental trajectory, resource base, or near-term cash requirements. It is an administrative cleanup rather than a strategic pivot.
  • Impact on stock price is expected to be neutral to slightly negative, with no catalyst to drive volume or price expansion.
BST · Price
Company Overview
  • Bessor Minerals is a micro-cap exploration company with a fragmented portfolio of early-stage assets across Canada.
  • Flagship Assets:
  • Golden Eagle Property (Yukon): Early-stage exploration target.
  • Redhill VMS Deposit (British Columbia): Primary focus for near-term exploration and development.
  • Blackwater Mine Royalty: 1% NSR on specific claims, providing passive exposure to Artemis Gold's producing asset.
  • The company has shifted away from graphite (Jagrite) and Nevada gold (Easter), consolidating its strategy around base metals and passive royalty income.
Read the original news release →

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Bessor Minerals retreats to core assets as Jagrite graphite acquisition collapses amid thin capital reserves

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