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FREEMAN FINALIZES OPTION PAYMENT, ACQUIRES 46 UNPATENTED MINING CLAIMS, SECURES 100% OWNERSHIP OF THE LEMHI GOLD PROJECT
FREEMAN FINALIZES OPTION PAYMENT, ACQUIRES 46 UNPATENTED MINING CLAIMS, SECURES 100% OWNERSHIP OF...
About this update from Freeman Gold Corp.
[{"type":"text","content":"\n\n\n\n FREEMAN FINALIZES OPTION PAYMENT, ACQUIRES 46 UNPATENTED MINING CLAIMS, SECURES 100% OWNERSHIP OF THE LEMHI GOLD PROJECT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 26, 2025\n \n\n /CNW/ - Freeman Gold Corp. (TSXV: FMAN) (OTCQB: FMANF) (FSE: 3WU) (\"\n \n Freeman\n \n \" or the \"\n \n Company\n \n \") is pleased to announce it has amended the Option Agreement with BHLK-2 LLC, a limited liability company (the \"\n \n Option\n \n \"). Freeman now has made all the necessary payments to exercise the Option to purchase 46 unpatented claims (see Figure 1). These claims surround the central core of patented claims and contain a portion of the\n \n Lemhi\n \n resource. This acquisition is part of the Company's strategy to accelerate development and consolidate ownership of the Lemhi Project. Additionally, the 2023 Lemhi Preliminary Economic Assessment envisages using some of these claims in connection with the tailings storage facility.\n \n\n On\n \n August 19, 2019\n \n , the Company entered into an option agreement to acquire a 100% interest in an additional 46 unpatented mining claims located in\n \n Lemhi County, Idaho\n \n . To exercise the Option, the Company was required to pay an aggregate of\n \n US$1,000,000\n \n over a period of seven years with the final payment of\n \n US$550,000\n \n due on\n \n August 19, 2026\n \n . The Company has negotiated a final payment of US\n \n $525,000\n \n and made the payment fulfilling the terms of the agreement.\n \n\n\n\n\n\n\n\n\n The Company also announces the appointment of\n \n Julie Van Baarsen\n \n as interim Chief Financial Officer effective\n \n September 1, 2025\n \n . Ms.\n \n Van Baarsen\n \n will succeed\n \n Bassam Moubarak\n \n who has acted as both Chief Executive Officer and Chief Financial Officer of the Company while the Company conducted a search. Mr. Moubarak remains Chief Executive Officer and Director of the Company.\n \n\n Ms.\n \n Van Baarsen\n \n is a Chartered Professional Accountant with over 30 years of e...