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CopAur Minerals Announces Earn-In Option Agreement on its Troy Canyon Gold-Silver Property with Pravda Strategic Minerals
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company" or "CopAur") is pleased to announce that it has
About this update from Copaur Minerals Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - CopAur Minerals Inc. (TSXV: CPAU) (the \"Company\" or \"CopAur\") is pleased to announce that it has entered into an earn-in option agreement (the \"Agreement\") with Pravda Strategic Minerals Ltd, a private corporation (\"Pravda\"), whereby Pravda may earn up to a 70% undivided interest in CopAur's Troy Canyon gold-silver exploration property (the \"Property\") located in Nye County, Nevada. In total, to earn a 70% interest, Pravda will issue up to 20% of its issued and outstanding shares (on a non-diluted basis) to CopAur and fund a minimum of C$4.0 million in exploration expenditures over up to four years. The transaction is consistent with CopAur's strategy of advancing non-core exploration assets through partner-funded, non-dilutive option earn-in arrangements while focusing its internal capital on advancing its flagship project, the Kinsley Mountain project. Under the terms of the Agreement, Pravda may earn up to a 70% undivided interest in the Property in two stages by issuing common shares of Pravda and completing certain work requirements within certain specified times. In order to earn an initial 51% interest in the Property, Pravda must: issue 9.9% of Pravda's issued and outstanding shares, on a non-diluted basis to CopAur (being approximately 700,000 common shares of Pravda) within 5 days of the date of execution of the Agreement, fund a minimum of C$1.5 million in approved exploration expenditures, including completion of a first-phase drill program on the Property comprising not less than 3,000 meters of drilling unless otherwise agreed by CopAur, within 24 months of the date of the Agreement (the \"Stage 1 Earn-In Date\"), fund ongoing permitting activities as approved by CopAur, and issue an additional 5.1% of Pravda's issued and outstanding shares (non-diluted basis) to CopAur within five days following the Stage 1 Earn-In Date. If Pravda earns a 51% interest in the Property, in order to earn an additional 19% interest (for a total 70% interest) Pravda must: fund a further C$2.5 million in approved exploration expenditures, complete additional drilling and follow-up exploration work on the Property in one or more approved budgets and programs within 24 months following the Stage 1 Earn-In Date (the \"Stage 2 Earn-In Date\") for total expend...