Big Tree Announces Postponement of Related Party Debt

Big Tree Carbon Inc. (BIGT) announced on August 17, 2026, that it has postponed $1,130,284.61 in debt owed to four creditors until August 17, 2028. To secure the deferral, the company paid a total settlement of $62,324.68, representing approximately 5.5% of the total debt.

The insider and related-party portion of the debt totals $994,168.93, of which $52,324.68 was paid. This portion is exempt from Multilateral Instrument 61-101 valuation and minority shareholder approval due to the company's serious financial difficulty. The non-insider debt portion is $136,115.68, with a $10,000 settlement paid.

The reclassification of this debt to long-term liabilities, combined with a $591,900 settlement from Agoke Development LP (ADLP) received in May 2026, has resulted in a positive working capital position. Creditors have no right to enforcement or repayment until August 2028.

Big Tree Carbon Inc. (BIGT) has completed a financial restructuring aimed at avoiding immediate default and improving its balance sheet. While the move results in a positive working capital position, this outcome is largely driven by accounting reclassifications and a one-time debt settlement rather than operational cash flow generation.

The transaction features a heavy concentration of insider debt, which accounts for 88% of the postponed amount. Additionally, the deal includes an exemption from minority approval requirements, a structure that highlights a governance imbalance by allowing management and related parties to prioritize their own claims over external creditors without minority oversight. This development follows a May 2026 disclosure in which the company admitted to failing to obtain prior exchange acceptance and board approval for historical advances to ADLP, indicating systemic compliance weaknesses. The news does not represent a market-moving catalyst, serving instead as a routine survival mechanism for a capital-constrained junior resource company.

Big Tree Carbon Inc. is a resource development company focused on Northwestern Ontario, trading under AurCrest Gold Inc. branding in some materials. The company’s leadership features indigenous representation, with CEO Christopher C. J. Angeconeb and equal indigenous board representation.

Its flagship assets include the Richardson Lake gold property, a 1,700-hectare site in the Red Lake Gold Camp that holds historic estimates of 140,000 ounces (non-NI 43-101 compliant). The company is also developing a forest carbon offset project covering 974,000 hectares within the Ogoki Forest FMU, in partnership with Blue Source Canada and Lac Seul First Nation. Additionally, a subsidiary, Wiigwaasaatig Energy Inc., has signed an LOI with Cat Lake First Nation for a 40-megawatt clean energy business.