Stockworks Gold receives TSX-V OK for Cabin Lake sale

The most recent news (March 2, 2026) confirms that Stockworks Gold has received TSX Venture Exchange approval for the sale of its Cabin Lake gold property to Fin Resources (Canada) Ltd. This follows an amendment to the original agreement (January 6, 2026) which provided the purchaser with flexibility to extend milestone dates for Stage 2 and 3 by paying $100,000 AUD per extension. Crucially, the company received an immediate $100,000 exploration access fee and a $6,000 liability payment for First Nations obligations, both of which are credited against the $200,000 AUD cash consideration. Title transfer is commencing immediately.

The impact is Routine - Positive. While the sale itself was a material strategic shift announced in late 2025, this specific update is the regulatory "green light" required to finalize the transaction. - Liquidity Injection: The $200,000 AUD cash and 30 million shares of Fin Resources provide much-needed capital and liquid equity to a company that reported only $47,306 in cash as of September 30, 2025. - Liability Reduction: Offloading the Cabin Lake property removes the carrying costs and environmental liabilities of a Northwest Territories project, allowing management to focus exclusively on the Pirenopolis project in Brazil. - Milestone Upside: The deal includes significant "blue sky" potential through milestone payments (up to $450,000 AUD) and a 5% net cash flow royalty, though these are contingent on the purchaser's success.

Stockworks Gold (formerly Rover Critical Minerals) is a junior explorer that recently shifted focus from Canadian critical minerals to Brazilian gold. - Flagship Project: Pirenopolis Gold Project (Goias, Brazil). The company is targeting bedrock sources of historical 18th-century gold rushes. Early sampling has shown anomalies up to 4.7 ppm Au in sediments. - Legacy Asset: Cabin Lake (NWT, Canada), currently being sold to Fin Resources to fund Brazilian operations.