Quadro Announces TRU's Exercise of Initial Option on Staghorn Property
Quadro Resources (OTC:QDROF) announced that TRU Precious Metals has exercised its Initial Option on the Staghorn Property in Newfoundland and Labrador, acquiring a 51% undivided interest in the property. This development comes following the satisfaction of requirements outlined in Sections 3.1 and 3.2 of their June 15, 2022 Option Agreement.
TRU now has a 30-day window to decide on exercising the Additional Option, which would grant them an additional 14% interest in the property. Quadro's management expressed satisfaction with TRU's progress at Staghorn and anticipates the next phase of exploration and development.
Quadro Resources (OTC:QDROF) ha annunciato che TRU Precious Metals ha esercitato la sua Opzione Iniziale sulla propriet脿 Staghorn a Terranova e Labrador, acquisendo un interesse indiviso del 51% sulla propriet脿. Questo sviluppo segue il soddisfacimento dei requisiti indicati nelle Sezioni 3.1 e 3.2 del loro Accordo di Opzione del 15 giugno 2022.
TRU dispone ora di una finestra di 30 giorni per decidere se esercitare l'Opzione Aggiuntiva, che gli concederebbe un interesse aggiuntivo del 14% sulla propriet脿. La direzione di Quadro ha espresso soddisfazione per i progressi di TRU a Staghorn e prevede la prossima fase di esplorazione e sviluppo.
Quadro Resources (OTC:QDROF) anunci贸 que TRU Precious Metals ha ejercido su Opci贸n Inicial sobre la propiedad Staghorn en Terranova y Labrador, adquiriendo un inter茅s indiviso del 51% en la propiedad. Este avance se produce tras cumplir con los requisitos establecidos en las Secciones 3.1 y 3.2 de su Acuerdo de Opci贸n del 15 de junio de 2022.
TRU ahora cuenta con una ventana de 30 d铆as para decidir si ejerce la Opci贸n Adicional, que le otorgar铆a un inter茅s adicional del 14% en la propiedad. La direcci贸n de Quadro expres贸 satisfacci贸n por el progreso de TRU en Staghorn y anticipa la siguiente fase de exploraci贸n y desarrollo.
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TRU電� 鞚挫牅 於旉皜 鞓奠厴鞚� 頄夓偓頃犾 瓴办爼頃� 靾� 鞛堧姅 30鞚检潣 旮瓣皠鞚� 臧栮矊 霅橂┌, 於旉皜 鞓奠厴鞚� 頄夓偓頃橂┐ 甏戩偘鞐� 雽�頃� 14%鞚� 於旉皜 歆�攵�鞚� 頇曤炒頃橁矊 霅╇媹雼�. Quadro 瓴届榿歆勳潃 TRU鞚� Staghorn 歆勴枆 靸來櫓鞐� 毵岇”頃橂┌ 雼れ潓 韮愳偓 氚� 臧滊皽 雼硠鞐� 雽�頃� 旮半寑頃橁碃 鞛堨姷雼堧嫟.
Quadro Resources (OTC:QDROF) a annonc茅 que TRU Precious Metals a exerc茅 son option initiale sur la propri茅t茅 Staghorn 脿 Terre-Neuve-et-Labrador, acqu茅rant une participation indivise de 51% dans la propri茅t茅. Cette avanc茅e fait suite 脿 la satisfaction des exigences 茅nonc茅es aux sections 3.1 et 3.2 de leur accord d'option du 15 juin 2022.
TRU dispose d茅sormais d'une fen锚tre de 30 jours pour d茅cider d'exercer l'option suppl茅mentaire, ce qui lui accorderait une participation additionnelle de 14% dans la propri茅t茅. La direction de Quadro a exprim茅 sa satisfaction quant aux progr猫s de TRU 脿 Staghorn et anticipe la prochaine phase d'exploration et de d茅veloppement.
Quadro Resources (OTC:QDROF) gab bekannt, dass TRU Precious Metals seine anf盲ngliche Option auf das Staghorn-Grundst眉ck in Neufundland und Labrador ausge眉bt hat und damit einen 51%igen ungeteilten Anteil an der Liegenschaft erworben hat. Diese Entwicklung erfolgt nach Erf眉llung der Anforderungen in den Abschnitten 3.1 und 3.2 ihres Optionsvertrags vom 15. Juni 2022.
TRU hat nun ein 30-t盲giges Zeitfenster, um zu entscheiden, ob die zus盲tzliche Option ausge眉bt wird, die ihnen einen weiteren 14%igen Anteil an der Liegenschaft gew盲hren w眉rde. Das Management von Quadro zeigte sich zufrieden mit den Fortschritten von TRU bei Staghorn und erwartet die n盲chste Phase der Exploration und Entwicklung.
- TRU has successfully acquired 51% interest in the Staghorn Property
- Potential for additional 14% ownership transfer through Additional Option
- Project continues to advance with committed development partner
- Quadro's ownership stake in Staghorn Property reduced to 49%
- Potential further dilution of ownership to 35% if Additional Option is exercised
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Quadro Resources Ltd. (TSXV: QRO) (OTC Pink: QDROF) (FSE: G4O) ("Quadro" or the "Company") announces that TRU Precious Metals Corp. ("TRU") has formally exercised the Initial Option under the Option Agreement dated June 15, 2022 (as amended), on Quadro's Staghorn Property in Newfoundland and Labrador.
Pursuant to the terms of the Option Agreement, TRU has satisfied the requirements set forth in Sections 3.1 and 3.2 of the Agreement and as per Section 4.1 of the Option Agreement, has thereby acquired a
Under Section 3.3 of the Option Agreement, TRU now has a 30-day period to elect to proceed with the Additional Option, which, if exercised, would allow TRU to earn an additional
"We are pleased with the progress being made by TRU at Staghorn and look forward to the next phase of exploration and development," said T. Barry Coughlan, President and CEO of Quadro Resources.
About Quadro Resources - Quadro Resources Ltd. is a publicly traded mineral exploration company with approximately 28.5 million shares outstanding, listed on the TSX Venture Exchange under the ticker symbol "QRO." The Company is dedicated to advancing gold exploration projects across North America. Quadro holds a
On behalf of the board of directors,
Quadro Resources Ltd.
"T. Barry Coughlan"
President and CEO
Tel (604) 644-9561
[email protected]
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections." For more information on the Company, interested parties should review the Company's filings that are available at .
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FAQ
What percentage stake did TRU Precious Metals acquire in Quadro's (QDROF) Staghorn Property?
What additional ownership can TRU acquire in Quadro's Staghorn Property?
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When was the original Option Agreement between Quadro Resources and TRU signed?
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