Business
Golden Rapture Mining Announces Milestone Event on its Properties
Edmonton, Alberta – February 17, 2026 – TheNewswire - Golden Rapture Mining Corporation (CSE: GLDR) is pleased to report a major milestone in the advancement of
About this update from Golden Rapture Mining Corporation
[{"type":"text","content":"Edmonton, Alberta – February 17, 2026 – TheNewswire - Golden Rapture Mining Corporation (CSE: GLDR) is pleased to report a major milestone in the advancement of its property portfolio. The Company is pleased to announce that it has completed the final option payments on its flagship Rainy River area Phillips Gold Property, securing full 100% ownership rights. Golden Rapture also confirms that no further property payments are outstanding on its three additional properties. “This is an important milestone moment for Golden Rapture as we move into the 2026 exploration season with a clean, fully paid‑up property portfolio. With all four properties now free of outstanding payment obligations, Golden Rapture will now be able to allocate capital more efficiently toward future exploration, drilling, and value‑generating field activities, etc,” said Richard Rivet. Under the terms of the Phillips Gold Property Option Agreement with the Optionors being (Luc Gagnon 50% and Daniel Darrah 50%), Golden Rapture had so far paid the Optionors a total of $105,000 cash and has issued an aggregate of 950,000 common shares of the Company (the “Shares”). The final consideration just paid last week included a cash payment of $10,000 and the issuance of an additional 500,000 Shares (the “Final Share Issuance”). These Shares will be subject to a statutory hold period of four months and one day from the date of issuance. The Optionors will also retain a 2.5% (NSR) Net Smelter Return on all gold or mineable products from the Property, and the Optionee has the right to purchase 1.5% from the Optionors at a rate of $500,000.00 per 0.5% NSR. Golden Rapture Mining Tier 1 Property Portfolio Includes Four Properties Hosting a Combined Total of 24 Historical Mine Shafts: 1. PHILLIPS TOWNSHIP GOLD PROPERTY: The property hosts 18 historical mine shafts and is situated in the Rainy River Mining District, NW, Ontario. Highlights of our drilling have so far returned high-grade intercepts as high as 285.00g/t Au, with 114.96 g/t Au over 2.55 meters in hole 12 and 111.16 g/t Au over 1.50 meters in hole 17, confirming the presence of shallow high-grade zones around the old mine shafts and also outside the extensions of the old Combined Mine workings. Ownership 100% Source: News release dated November 04, 2024 https://www.goldenrapturemining.com/News 2. HUTCH...