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Adyton Resources and East Vision International Holdings Execute Amended Investment and Development Agreement for the Fergusson Island Projects
Brisbane, Australia--(Newsfile Corp. - May 6, 2026) - Adyton Resources Corporation (TSXV: ADY) ...
About this update from Adyton Resources Corporation
[{"type":"text","content":"Adyton Resources and East Vision International Holdings Execute Amended Investment and Development Agreement for the Fergusson Island ProjectsBrisbane, Australia--(Newsfile Corp. - May 6, 2026) - Adyton Resources Corporation (TSXV: ADY) (\"Adyton\" or the \"Company\") is pleased to announce that it has executed an amended Investment and Development Agreement (the \"Amended IDA\") with East Vision International Holdings Pte. Ltd. and East Vision Group Ltd.), together (\"EVIH\"), for the development of its Fergusson Island Gold Projects (Wapolu and Gameta) (the \"Projects\") which amends and restates the original joint venture earn-in agreement (the \"IDA\") dated May 2, 2024. Under the Amended IDA, EVIH can earn up to a 50% interest in Fergusson Mining Pte. Ltd. (refer Figure 1) through a total investment of up to US$9.5 million (equity), and if required, US$2M (debt) for the development of Wapolu as well as a shareholder loan for the development financing of Gameta. The Amended IDA simplifies the earn-in structure into a single milestone linked to the permitting, pre-development and capital to commence operations at the Wapolu Project. Funding will support equipment purchases, permitting, feasibility work and project development, with a target to commence operations in Q4 2026. Once the funding and development milestones are achieved, EVIH and the Company are expected to each hold a 50% interest in Fergusson Mining Pte. Ltd.As part of the Amended IDA, the Company will grant EVIH up to 4.5M restricted stock units (the \"RSUs\") in three separate contingent issuances, each 1.5M issuance linked to Gameta pre-development, development and commissioning milestones.Figure 1 below shows the Adyton corporate structure and positioning of the JV within that structure.Tim Crossley, Managing Director and CEO, commented, \"This amended agreement simplifies the path to a 50/50 partnership with EVIH while preserving core funding elements to advance the Fergusson Island projects toward production. We believe the revised structure provides simplicity, clarity and equity alignment between the parties as we continue to unlock the value of the Fergusson Island Gold Projects.\"Gary Wang, CEO of EVIH, commented, \"We are very pleased with these amendments, which simplify our agreement with Adyton and provide greater alignment between ourselves and Ady...