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Cartier Signs Agreement with Exploits Discovery To Option 100% of the Benoist, Fenton and Wilson Properties  
VAL D'OR, Quebec, June 03, 2025 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (″ Cartie...
About this update from Cartier Resources Inc.
[{"type":"text","content":"Cartier Signs Agreement with Exploits Discovery To Option 100% of the Benoist, Fenton and Wilson Properties  \n\n\n\n VAL D'OR, Quebec, June 03, 2025 (GLOBE NEWSWIRE) --\n \n Cartier Resources Inc.\n \n (″\n \n Cartier\n \n ″ or the ″\n \n Company\n \n ″) (TSXV: ECR; FSE:6CA) is pleased to announce the execution of an agreement (the ″\n \n Agreement\n \n ″) with Exploits Discovery Corp. (CSE: NFLD) (″\n \n Exploits\n \n ″) to option 100% of its interests in three groups of exclusive exploration rights, located in the Province of Québec, commonly referred to as: (a) the ″Wilson project″ located in Lebel-sur-Quévillon (the ″\n \n Wilson Property\n \n ″); (b) the ″Fenton project″ located in Chapais (the ″\n \n Fenton Property\n \n ″); and (c) the ″Benoist project″ located in Miquelon (the ″\n \n Benoist Property\n \n ″), together the ″\n \n Properties\n \n ″.\n \n\n During the four-year option period, Exploits shall have the sole and exclusive right and option to earn a 100% interest (the ″\n \n Option\n \n ″) by paying Cartier an amount aggregating $1,750,000 in cash, issuing Cartier an aggregate of 9,250,000 common shares of Exploits and incurring not less than $12,250,000 in expenditures on the properties. The Agreement is conditional on Exploits obtaining all necessary regulatory approvals under the policies of the Canadian Securities Exchange (CSE) in connection therewith. Within ten (10) business days of the effective date, Cartier will receive an amount of $200,000 in cash and 1,750,000 common shares of Exploits. All shares issued to Cartier under the Agreement will be subject to a statutory four (4) month hold period.\n \n\n Upon due exercise of the Option in respect of any of the Properties, Cartier will retain a 2.0% net smelter returns (″NSR″) production royalty (each, a ″\n \n Royalty\n \n ″) over the applicable Property(ies). One-half of the Royalty (1.0% NSR) will be redeemable at the election of Cartier for a cash payment of $2,000,000 and the remaining half of the Royalty (1.0% NSR) will be redeemable at the election of Cartier for a cash payment of $20,000,000.\n \n\n\n About Cartier Resources Inc.\n \n...