BULLETIN V2026-3418
PERSEVERANCE METALS INC. ("PMI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 6, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Property Option Agreement (the "Agreement") dated October 23, 2026, with respect to the arm's length acquisition of approximately 240 acres in Houghton County, Michigan (the "Property"). The Agreement provides the following consideration:
CASH ($)
SECURITIES
WORK EXPENDITURES ($)
CONSIDERATION
US$235,000
Up to 512,700 common shares at a deemed price of not less than C$0.61 per share
N/A
The Property is subject to a 3% NSR, in favor of the Optionor, of which 1.5% can be repurchased by the Company for a one-time cash payment of US$1,000,000 prior to completing a Preliminary Economic Assessment, or a one-time cash payment of US$2,000,000 after a Preliminary Economic Assessment but prior to a production or construction decision.
For further details, please refer to the Company's news release dated October 28, 2026.
_______________________________________
|
|
