Goldsky Resources Closes Acquisition of Elemental Royalty's Nordic Business Unit

Executive Summary

• Goldsky Resources Corp. completed the acquisition of Elemental Royalty’s Nordic Business Unit (NBU), adding exploration infrastructure, equipment, and a seasoned technical team in northern Sweden.
• The transaction involved staged payments totaling 3,247,000 SEK (~US$360,000), split between cash and Goldsky common shares at a deemed price of C$3.98 per share for the first tranche.
• Elemental retained a 1% net smelter return (NSR) royalty on any new projects organically generated in Sweden and Finland within five years of closing.

Key Details

• Acquisition Scope: Regional infrastructure in northern Sweden, an exploration camp, extensive equipment inventory, and Elemental’s Nordic technical team.
• Payment Structure:
• First tranche – 1,052,000 SEK paid (20,138 shares issued at C$3.98 per share + SEK 526,000 cash ≈ US$58,825).
• Second tranche – 1,195,000 SEK to be paid on the first anniversary of closing (~US$132,200).
• Third tranche – 1,000,000 SEK to be paid on the second anniversary of closing (~US$110,600).
• Share Issue Price Determination: Deemed price per share is the greater of C$1.26 or the VWAP of Goldsky shares on the TSXV over the ten trading days preceding issuance.
• Royalty Retention: Elemental will receive a 1% NSR royalty on any new projects (newly staked) that Goldsky develops in Sweden and Finland within five years from the effective date.
• Arm’s‑Length Confirmation: At signing, parties were non‑arms‑length due to a common director; by closing they are arm’s‑length with no directors in common.
• Share Holding Requirement: All shares issued are subject to a statutory four‑month‑plus‑one‑day hold period under Canadian securities law.
• No Finder’s Fees: The transaction was completed without any finder’s fees paid.
• Reference Releases: Additional details available in Goldsky press releases dated June 2 2025 and September 10 2025.

Notable Quotes

• “The acquisition of Elemental’s Nordic Business Unit strengthens our operational footprint in Sweden, providing critical infrastructure and expertise to accelerate the development of our flagship Barsele project and other regional targets.” – Russell Bradford, CEO & Director, Goldsky Resources Corp.