Business
Dark Star Moving Forward with Option Agreement for Uranium Assets Located in the Central Mineral Belt of Newfoundland and Labrador
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2025) - DARK STAR MINERALS INC. (CSE: BATT) (the "Company" or "Dark Star") announces that, further to the Company's news releases dated July 3, 2024, October 18, 2024 and November 14, 2024, it has amended (the "Amendment") the terms of its previously announced option agreement (the "Option Agreement") dated November 14, 2024, with Cronin Exploration Inc. ("Cronin") for the acquisition of up to 100% of Cronin's right, ...
About this update from Dark Star Minerals, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 24, 2025) - DARK STAR MINERALS INC. (CSE: BATT) (the "Company" or "Dark Star") announces that, further to the Company's news releases dated July 3, 2024, October 18, 2024 and November 14, 2024, it has amended (the "Amendment") the terms of its previously announced option agreement (the "Option Agreement") dated November 14, 2024, with Cronin Exploration Inc. ("Cronin") for the acquisition of up to 100% of Cronin's right, title and interest in and to certain mineral claims commonly know as the Ghost Lake claims located in the Province of Newfoundland and Labrador (the "Ghost Lake Property" or "Property").","length":742,"tagName":"p"},{"type":"text","content":"Marc Branson, President, Chief Executive Officer and a director of Dark Star states: "With the Amendment of the Option Agreement to acquire a 100% interest in the Ghost Lake Property now complete, the Company is eager to move forward with its commitments under the agreement and is looking forward to exploring the potential of the Ghost Lake Property."","length":363,"tagName":"p"},{"type":"text","content":"Amendment Terms","length":15,"tagName":"p"},{"type":"text","content":"Pursuant to the Amendment, the option (the "Option") to acquire the Ghost Lake Property can be exercised by Dark Star on or prior to the fourth anniversary the non-binding letter of intent (the "LOI") dated October 16, 2024 by making:","length":254,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"aggregate cash payments of $275,000 as to: $100,000 on or before second anniversary of the execution date of the LOI (the "LOI Execution Date"); $75,000 on or before third anniversary of the LOI Execution Date; and $100,000 on or before fourth anniversary of the LOI Execution Date;","length":292,"tagName":"p"}]},{"val":[{"type":"text","content":"issuing an aggregate of 10,150,000 common shares (each, a "Share") as to: 750,000 Shares within 5 days of the LOI Execution Date (Issued); and 9,400,000 Shares on the date that is five (5) days following receipt by Dark Star of Canadian Securities Exchange ("CSE") approval for the Share issuances pursuant to the Option Agreement; and","length":355,"tagName":"p"...