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Grafton Resources Enters into Definitive Option Agreement to Acquire 100% of the Alicahue Copper-Gold Project in Chile
Vancouver, British Columbia – TheNewswire - December 19, 2025 – Grafton Resources (CSE:GFT; OTCQB: PMSXF) ("Grafton Resources" or the "Company") is pleased to a
About this update from Grafton Resources Inc
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - December 19, 2025 – Grafton Resources (CSE:GFT; OTCQB: PMSXF) (\"Grafton Resources\" or the \"Company\") is pleased to announce that the Company, through a wholly-owned Chilean subsidiary, has entered into a definitive option agreement dated December 16, 2025 (the “Subsidiary Option Agreement”) with Asesorias e Inversiones Sol SpA (the “Vendor”), an arm’s length vendor, pursuant to which the Vendor has granted to the Company an exclusive option (the “Option”) to acquire a 100% interest in the Alicahue Copper-Gold Project (the “Project” or “Alicahue”), located in the Valparaiso Region of Chile. The Project comprises 3,500 Ha of concessions, at an average altitude of 1,700 m. The Project is located 140 km by road to Santiago and 67 km from the coast. The Subsidiary Option Agreement dated December 11, 2025, together with a share consideration agreement dated December 16, 2025 entered into between the Company and the Vendor (collectively, the “Option Agreement”) supersede the framework agreement entered into between the Company and the Vendor that was previously announced in the Company’s press release dated October 28, 2025. Campbell Smyth, Interim Chief Executive Officer, Chairman and a director of Grafton Resources commented: “Completing the acquisition of Alicahue is the first step in building a high-value portfolio of gold and copper projects that can give shareholders both momentum and leverage to this metals cycle. We will continue to add Chilean copper and gold assets to Grafton as we believe both metals remain in a structural bull market and that Chile is among the most stable and mining-friendly jurisdictions worldwide.” Merlin Marr-Johnson, Technical Advisor to Grafton Resources commented: “Alicahue offers Grafton a tremendous opportunity to explore several significant and newly-identified copper and gold targets within one project area. The project lies in the southern projection of the same metallogenic belt of Chile that hosts large porphyries such as El Salvador, Escondida, and Chuquicamata. The combination of geology and geochemistry points to the potential for a classic porphyry deposit at Alicahue. Ongoing mapping and sampling will be complemented by an airborne MMT geophysical survey in early 2026.” Option Agreement Terms The Option is structured with a five-year timelin...