AGÕæÈ˹ٷ½

STOCK TITAN

5.5 Million Shares Issued on Closing of Option for Saskatchewan Mineral Claims

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Live Energy Minerals (OTC:GTREF) has completed the closing of an option agreement announced on April 10, 2025. The deal involves the issuance of 5.5 million common shares to acquire a 100% interest in two mineral claims spanning approximately 5,355 hectares in Saskatchewan.

The agreement requires an additional $50,000 cash payment within three years. The purchaser also has the option to buy a 3% net smelter return royalty by issuing another 5.5 million shares to the royalty holder. The consideration shares are subject to a four-month hold period under Canadian Securities Laws.

Live Energy Minerals (OTC:GTREF) ha completato la chiusura di un accordo di opzione annunciato il 10 aprile 2025. L'accordo prevede l'emissione di 5,5 milioni di azioni ordinarie per acquisire il 100% di due concessioni minerarie che coprono circa 5.355 ettari in Saskatchewan.

L'accordo richiede un ulteriore pagamento in contanti di 50.000 dollari entro tre anni. L'acquirente ha inoltre l'opzione di acquistare un 3% di royalty netta sul ricavo dalla fusione emettendo altre 5,5 milioni di azioni al detentore della royalty. Le azioni di corrispettivo sono soggette a un periodo di blocco di quattro mesi secondo le leggi canadesi sui titoli.

Live Energy Minerals (OTC:GTREF) ha completado el cierre de un acuerdo de opción anunciado el 10 de abril de 2025. El acuerdo implica la emisión de 5,5 millones de acciones comunes para adquirir un interés del 100% en dos concesiones mineras que abarcan aproximadamente 5,355 hectáreas en Saskatchewan.

El acuerdo requiere un pago adicional en efectivo de 50,000 dólares dentro de tres años. El comprador también tiene la opción de adquirir un 3% de regalías netas sobre fundición mediante la emisión de otras 5,5 millones de acciones al titular de las regalías. Las acciones de contraprestación están sujetas a un período de retención de cuatro meses según las leyes de valores canadienses.

Live Energy Minerals (OTC:GTREF)ëŠ� 2025ë…� 4ì›� 10ì¼ì— 발표ë� 옵션 계약ì� 완료했습니다. ì� 거래ëŠ� ì•� 5,355í—¥íƒ€ë¥´ì— ê±¸ì¹œ ë‘� ê°œì˜ ê´‘ë¬¼ 채굴ê¶�ì� 100% ì§€ë¶„ì„ ì·¨ë“하기 위해 550ë§� ì£¼ì˜ ë³´í†µì£�ë¥� 발행하는 ë‚´ìš©ì� í¬í•¨í•©ë‹ˆë‹�.

계약ì—� ë”°ë¼ 3ë…� ì´ë‚´ì—� 5ë§� 달러ì� 현금 추가 ì§€ê¸�ì� 요구ë©ë‹ˆë‹�. 구매ìžëŠ” ë˜í•œ 로열í‹� 보유ìžì—ê²� 추가ë¡� 550ë§� 주를 발행하여 ìˆ� 제련 ìˆ˜ìµ 3% 로열í‹�ë¥� 구매í•� 옵션ì� 가지ê³� 있습니다. ë³´ìƒ ì£¼ì‹ì€ ìºë‚˜ë‹� ì¦ê¶Œë²•ì— ë”°ë¼ 4ê°œì›”ê°„ì˜ ë³´í˜¸ 예수가 ì ìš©ë©ë‹ˆë‹�.

Live Energy Minerals (OTC:GTREF) a finalisé la clôture d'un accord d'option annoncé le 10 avril 2025. L'accord prévoit l'émission de 5,5 millions d'actions ordinaires pour acquérir une participation de 100 % dans deux concessions minières couvrant environ 5 355 hectares en Saskatchewan.

L'accord exige un paiement en espèces supplémentaire de 50 000 $ dans les trois ans. L'acheteur a également la possibilité d'acheter une redevance nette de 3 % sur le produit de la fusion en émettant 5,5 millions d'actions supplémentaires au détenteur de la redevance. Les actions de contrepartie sont soumises à une période de blocage de quatre mois conformément aux lois canadiennes sur les valeurs mobilières.

Live Energy Minerals (OTC:GTREF) hat den Abschluss einer am 10. April 2025 angekündigten Optionsvereinbarung vollzogen. Der Deal beinhaltet die Ausgabe von 5,5 Millionen Stammaktien zum Erwerb einer 100%igen Beteiligung an zwei Bergbaulizenzen, die sich über etwa 5.355 Hektar in Saskatchewan erstrecken.

Die Vereinbarung sieht eine zusätzliche Barzahlung von 50.000 US-Dollar innerhalb von drei Jahren vor. Der Käufer hat außerdem die Option, durch die Ausgabe weiterer 5,5 Millionen Aktien an den Lizenzgeber eine 3% Netto-Schmelzertragslizenzgebühr zu erwerben. Die Gegenleistungsaktien unterliegen gemäß kanadischem Wertpapierrecht einer viermonatigen Haltefrist.

Positive
  • Acquisition opportunity for 5,355 hectares of mineral claims in Saskatchewan
  • Deal structured with minimal upfront cash requirements
  • Potential for additional royalty monetization through share-based buyback option
Negative
  • Significant share dilution with 5.5 million shares issued
  • Additional potential dilution of 5.5 million shares if royalty buyback executed
  • $50,000 cash payment requirement within three years

Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) ("LIVE" or the "Company") is pleased to announce that further to its news release dated April 10, 2025, the option agreement dated April 9, 2025 (the "Option Agreement") with an arm's length purchaser (the "Purchaser"), has now closed.

On June 27, 2025, the Purchaser issued to the Company, 5,500,000 common shares (the "Consideration Shares") and it must pay $50,000 in cash within three (3) years of the effective date of the Option Agreement in order to acquire a 100% undivided interest in two mineral claims totaling approximately 5,355 hectares located in the Province of Saskatchewan (the "Property").

The Company has granted the Purchaser the right, but not the obligation, to purchase a 3% net smelter return royalty (the "Royalty") held by an arm's-length third party (the "Royalty Holder") by issuing an additional 5,500,000 Consideration Shares to the Royalty Holder (the "Royalty But-Back"), subject to TSX Venture Exchange acceptance.

The Consideration Shares are subject to a statutory four-month hold period under Canadian Securities Laws. No finder's fees were paid on this arm's length Option Agreement. A copy of the Option Agreement has been filed under the Company's profile on SEDAR+.

About LIVE Energy Minerals Corp.

LIVE is a mining exploration company actively engaged in exploring for and identifying new opportunities in clean energy minerals in North and South America. LIVE holds applications for a 100% interest in the uranium, vanadium, and molybdenum, Messa Top and Section 20 Mine projects located in the Colorado Plateau, USA. LIVE has also retained an interest in the McDermitt Lithium East Project, Nevada, USA. LIVE is focused on creating value for its shareholders by combining quality project with proven exploration strategies and a team driven to achieve exceptional outcomes.

For further information please contact:

Adrian Smith

Chief Executive Officer & Director
Live Energy Minerals Corp.

Email: [email protected]

Phone: 604-687-2038

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information in this release includes, but is not limited to: statements regarding the terms and completion of the Option Agreement dated April 9, 2025; the grant of an option to acquire a 100% undivided interest in the mineral claims comprising the Property; the potential exercise of the Option by the Purchaser; the payment of $50,000 in cash as consideration; the timing of such consideration; the Purchaser's right (but not obligation) to complete the Royalty Buy-Back; the potential issuance of an additional 5,500,000 Consideration Shares to the Royalty Holder in connection with the Royalty Buy-Back; and the receipt of all required regulatory approvals, including approval of the TSX Venture Exchange.

Forward-looking information is based on a number of assumptions that are believed by management to be reasonable at the time such statements are made, including: that all conditions precedent to the completion of the transactions contemplated under the Option Agreement will be satisfied in a timely manner; that the Purchaser will elect to exercise the Option and/or the Royalty Buy-Back; that all necessary regulatory and third-party approvals will be received on a timely basis; and that market conditions and commodity prices will remain favourable.

Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, events, or developments to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: the risk that required approvals may be delayed or not obtained; the risk that the Option or the Royalty Buy-Back may not be exercised or completed as anticipated or at all; risks related to fluctuations in commodity prices; exploration and development risks; changes in exploration or development plans; title and permitting risks; risks associated with financing and capital markets; regulatory changes; general economic, market, or business conditions; and other risks described in the Company's most recent management's discussion and analysis ("MD&A") and other continuous disclosure filings, which are available under the Company's profile on SEDAR+ at .

Although the Company believes that the expectations reflected in the forward-looking information are reasonable as of the date hereof, readers are cautioned not to place undue reliance on such information. Forward-looking information is provided as of the date of this release, and the Company does not undertake any obligation to update or revise such information to reflect new events or circumstances, except as required by applicable law. New risk factors may emerge from time to time, and it is not possible to predict all such factors or assess their potential impact on the Company.

For further information, please contact the Company at: [email protected]

To view the source version of this press release, please visit

FAQ

How many shares did Live Energy Minerals (GTREF) issue for the Saskatchewan mineral claims?

Live Energy Minerals issued 5.5 million common shares as consideration for the mineral claims option agreement.

What is the size of the mineral claims acquired by Live Energy Minerals in Saskatchewan?

The mineral claims total approximately 5,355 hectares in the Province of Saskatchewan.

What are the terms of the royalty buyback option for GTREF's Saskatchewan claims?

The purchaser has the right to buy a 3% net smelter return royalty by issuing an additional 5.5 million shares to the royalty holder, subject to TSX Venture Exchange acceptance.

When does Live Energy Minerals need to make the cash payment for the Saskatchewan claims?

The company must pay $50,000 in cash within three years of the April 9, 2025 Option Agreement effective date.

What is the hold period for the consideration shares issued by Live Energy Minerals?

The consideration shares are subject to a statutory four-month hold period under Canadian Securities Laws.
LIVE ENERGY MINERALS CORP

OTC:GTREF

GTREF Rankings

GTREF Latest News

GTREF Stock Data

11.43M
13.56M