BULLETIN V2026-3262
GGL RESOURCES CORP. ("GGL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 20, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's length two-staged property option agreement, dated July 20, 2026 (the "Agreement") for the acquisition of mineral properties from Strategic Metals Ltd. (the "Vendor").
Pursuant to the terms of the Agreement, the Vendor will grant a two-staged option to GGL to acquire up to a 100% interest in the Hopper (365 quartz mining claims), Kluane (245 quartz mining claims), Batt (52 quartz mining claims), and Moraine (102 quartz mining claims) mineral properties located in the southwestern Yukon Territory. To earn an initial 70% interest, GGL will issue 1,000,000 post-consolidation shares to the Vendor and incur $10,000,000 in exploration expenditures by December 31, 2029. GGL may acquire the remaining 30% interest by paying an additional $3,000,000 in cash. Following the exercise of the second option, the Vendor will retain a 2% net smelter return royalty ("Strategic Royalty"). GGL may, at any time prior to the commencement of Commercial Production from any of the Properties, purchase 50% of the Strategic Royalty (1% net smelter return) by paying the Vendor $3,000,000. No finder's fees are payable.
For further details, please refer to GGL's news releases dated July 27, 2026, September 1, 2026 and October 20, 2026.
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