26/02/26 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2026-0722
A.I.S. RESOURCES LIMITED ("AIS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 26, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an earn in and joint venture agreement dated September 14, 2025, among A.I.S. Resources Limited (the "Company") and an arm's length vendor (the "Vendor"). Pursuant to the terms of the Agreements, the Company may acquire up to 75% interest in in the Saint John IOCG (iron oxide copper-gold)/porphyry project, located in New Brunswick, Canada (the "Property"), subject to the satisfaction of certain conditions. The Company may acquire a 51% interest in the Project ("Phase I"), in consideration, the Company will issue 2,860,000 shares at a deemed price of $0.05 to the Vendor, and incurring a total of $1,400,000 in exploration expenditures costs over a 24-month period. Following completion of the Phase I option, the Company may earn an additional 24% interest in the Project ("Phase II") for a total of 75% interest, in consideration, the Company will incur a further $3,000,000 in exploration and development expenditures during years 3 and 4. If the Vendor's interest is diluted below 10%, it will convert to a 2% Net Smelter Return (NSR) royalty, which the Company may repurchase at a rate of $1,000,000 per 1%. The Property is subject to an underlying option agreement, and the Vendor is a party to the underlying option agreement whereby the Vendor may earn 100% interest in the Saint John IOCG porphyry project upon paying $25,000 cash and $35,000 (cash or shares) on each of the second, third, and fourth anniversaries of the underlying option agreement. The Property is subject to a 2% Gross Smelter Return (GSR) royalty payable to the underlying optionors. The Company retains a right to repurchase 50% of this royalty (1% GSR) for $1,000,000 at any time.
The transaction is arm's length in nature, and no finder's fees are payable.
For further information, refer to the Company's news releases dated September 15, 2025, and February 13, 2026, which are available under the Company's profile on SEDAR+.
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