Business
Auric Minerals Corp. Announces Issuance of Shares Pursuant to Acquisition of Uranium Assets in Quebec
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Auric Minerals Corp. (CSE: AUMC) ("Auric" or the "Company") announces that, further to its news release of February 4, 2025, it has issued an aggregate of 226,244 common shares (each a "Share") at a deemed price of $0.442 per Share (calculated based on 10-day volume weighted average price "VWAP") to an arm's length third party (the "Optionor") to satisfy the payment obligation of $100,000 due by the first anniversary pursuant to
About this update from Auric Minerals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Auric Minerals Corp. (CSE: AUMC) ("Auric" or the "Company") announces that, further to its news release of February 4, 2025, it has issued an aggregate of 226,244 common shares (each a "Share") at a deemed price of $0.442 per Share (calculated based on 10-day volume weighted average price "VWAP") to an arm's length third party (the "Optionor") to satisfy the payment obligation of $100,000 due by the first anniversary pursuant to the option agreement (the "Option Agreement") entered into with the Optionor on January 29, 2025 (the "Effective Date").","length":695,"tagName":"p"},{"type":"text","content":"Pursuant to the Option Agreement, the Company will acquire 100% interest in three prospective uranium properties, Caboose, Kawip and Manic; all located in accessible regions of Quebec, Canada, in exchange for making an aggregate of $300,000 in payments to the Optionor, consisting of:","length":284,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$50,000 cash within ten (10) days from the Effective Date of the Agreement (paid);","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"$25,000 cash or the equivalent value in Shares of the Company (based on 10-day VWAP) on or before the first anniversary of the Effective Date;","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"$75,000 cash or the equivalent value in Shares (based on 10-day VWAP) on or before the first anniversary of the Effective Date; and","length":131,"tagName":"p"}]},{"val":[{"type":"text","content":"an additional $150,000 or equivalent value in Shares (based on 10-day VWAP) on or before the second anniversary of the Effective Date.","length":134,"tagName":"p"}]}],"tagName":"ol","bulletedList":false,"length":489},{"type":"text","content":"The Shares issued to the Optionor are subject to a fourth month hold period pursuant to securities laws in Canada, the Exchange Hold Period (as defined under the policies of the Canadian Securities Exchange) and 50% of the Shares issued to the Optionor are subject to an additional voluntary hold period of six months from the date of issuance.","length":344,"tagName":"p"},{"type":"text","content":"About the Company ","length":17,"tagName":"p"},{"typ...