Northwire Canada EditionWednesday, July 29, 2026
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M&A / Property

Decade receives notice of termination for sale to Mabel

DEC · Price

Executive Summary

  • Decade Resources Ltd. announces the termination of its definitive purchase agreement with Mabel Ventures Inc. for the sale of a 65% interest in Red Cliff and a 100% interest in Premier East properties.
  • The termination was triggered by permitting issues affecting the Red Cliff property, as communicated by Mabel Ventures.
  • The deal had previously received conditional approval from the TSX Venture Exchange but will not proceed, leaving Decade retaining full ownership of both assets.

Key Details

  • Original Agreement: Definitive purchase agreement dated August 5, 2025; announced on August 6, 2025.
  • Assets Involved: 65% interest in Red Cliff property and 100% interest in Premier East property, both located in the Skeena mining division of British Columbia.
  • Termination Notice: Received from Mabel Ventures Inc., citing permitting issues related to Red Cliff as the reason for termination.
  • Regulatory Status: Transaction had conditional approval from the TSX Venture Exchange prior to termination.
  • Current Ownership: Decade Resources retains 100% ownership of both Red Cliff and Premier East properties following the termination.

Notable Quotes

(No quotes were provided in the release.)

Read the original news release →

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