Wildsky Resources signs MOU to option EPOs in Zimbabwe

The most recent news (March 24, 2026) announces that Wildsky Resources has signed a non-binding Memorandum of Understanding (MOU) to option a 100% interest in two Exclusive Prospecting Orders (EPOs) in Zimbabwe. The property covers 484.14 square kilometers along the Munyathi and Lily shear zones, targeting gold and base metals. To earn the interest, Wildsky must pay $150,000 USD in cash, issue shares valued at $300,000 USD, and incur $2 million USD in exploration expenses over 24 months. The deal includes a 5% NSR capped at $10 million USD and milestone share issuances for 1M and 2M ounce gold discoveries.

The impact is categorized as Routine - Positive. While the acquisition of a large land package in a known gold belt is a strategic pivot, the MOU is non-binding and subject to a formal agreement and TSXV approval. - Financial Burden: The $2 million USD exploration commitment over 24 months is significant relative to the company’s current cash position ($1.8M as of Aug 2025, plus $1.5M from Dec 2025 financing). - Portfolio Shift: This marks a move away from the company's stagnant Nigerian Niobium-Tantalum assets and its passive investment in Cassiar Gold. - Dilution: The share issuance components and potential milestone payments will further dilute existing shareholders.

Wildsky Resources is a Canadian-based junior explorer. Historically, its primary focus was the Nasarawa Niobium-Tantalum project in Nigeria, which has seen minimal advancement. The company also holds a 14% stake in MineSound Ltd. and a significant equity position in Cassiar Gold Corp. The new Zimbabwe EPOs (Munyathi and Lily shear zones) now represent the company's primary exploration focus.