Canadian GoldCamps annonce la signature d'une entente d'option definitive avec Stelmine pour les projets Courcy et Mercator

Executive Summary

• Canadian GoldCamps Corp. (CSE: CAMP) entered into a definitive option agreement with Stelmine Canada Ltd. (TSX‑V: STH) granting an exclusive right to acquire up to an 80 % interest in the Courcy and Mercator gold exploration projects in Québec.
• The company has already paid $100,000 cash and issued common shares representing 9.99 % of its outstanding equity; additional step payments of $5 M upon construction permit issuance and $15 M at commercial production commencement are required.
• Royalty obligations were defined: 2.0 % NSR on Mercator (with 1.0 % purchasable for $1 M) and 1.0 % NSR on Courcy (with 0.5 % purchasable for $500k), plus an existing third‑party royalty of 0.25 % on Courcy.

Key Details

• Option Structure:
• Initial equity stake: 10 % in the projects upon signing.

• Option to increase ownership by an additional 70 % (total up to 80 %) contingent on completion of a Preliminary Economic Assessment (PEA) or prefeasibility study within six years (extendable).

• Consideration Paid / To Be Paid:

• Cash paid at signing: $100,000.
• Equity issued: common shares representing 9.99 % of Canadian GoldCamps’ outstanding share capital.

• Step‑payment obligations: $5,000,000 upon receipt of construction permits; $15,000,000 at the start of commercial production.

• Royalty Terms:

• Mercator project: 2.0 % NSR, with 1.0 % purchasable for $1,000,000.
• Courcy project: 1.0 % NSR, with 0.5 % purchasable for $500,000.

• Existing third‑party royalty on Courcy: 0.25 % NSR (non‑purchasable).

• Obligations of Canadian GoldCamps:

• Responsible for all exploration expenditures and maintaining the projects in good standing throughout the option period.

• Must return the projects to Stelmine, free of any charges, if it elects not to proceed before delivering a PEA or prefeasibility study.

• Regulatory Conditions:

• Transaction subject to final approval by the Canadian Securities Exchange (CSE) and other customary regulatory approvals.

• Governance & Rights:

• The definitive agreement includes standard provisions on governance, operator responsibilities, mineral title maintenance, step‑payment triggers, and termination rights.

Notable Quotes

“This definitive option agreement solidifies our strategic focus on high‑potential gold projects in Québec and provides a clear pathway to increase our ownership while aligning incentives with Stelmine through milestone‑based payments and royalty structures,” – George Yordanov, President, Canadian GoldCamps Corp.