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Great Atlantic Options Pilley's Island Base Metal - Precious Metal Project: HM Exploration Corp Will Incur $3,500,000 in Exploration, Issue 6,300,000 Shares and GR will Retain a 1% NSR, Bonus Payment will be Issued in the Event of a Subsequent Sale to a third Party and a 43-101 inclusive of a 2,000,000 AUEQ Equivalent Resource
North-central Newfoundland Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - ...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Options Pilley's Island Base Metal - Precious Metal Project: HM Exploration Corp Will Incur $3,500,000 in Exploration, Issue 6,300,000 Shares and GR will Retain a 1% NSR, Bonus Payment will be Issued in the Event of a Subsequent Sale to a third Party and a 43-101 inclusive of a 2,000,000 AUEQ Equivalent ResourceNorth-central NewfoundlandVancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has entered into an option agreement with HM Exploration Corp. (\"HM Exploration\") whereby HM Exploration may acquire a 100% interest in the the Pilley's Island Project, located in Newfoundland, Canada. On September 25, 2025, the Company entered into the option agreement with HM Exploration Corp. to grant a hundred percent (100%) interest in the Pilley's Island Copper Project through a combination of common share issuances and incurrence of exploration expenditures on the Property, with additional bonus payments subject to certain milestones full details are stated below.\"Great Atlantic's primary focus is to advance our flagship Golden Promise Mines Project in Newfoundland, where we are currently conducting a bulk sample. \"At the same time, we are actively seeking partners to help unlock the value of our diverse portfolio of 100%-owned assets. This initial deal highlights the strength and quality of the many projects we have carefully acquired and refined over the past decade - projects that deserve full attention and development. Looking ahead, we anticipate additional transactions in the pipeline, particularly relating to our tungsten assets and our exciting emerald discovery, a first in Newfoundland,\" states Anderson, CEO, Great Atlantic Resources.On September 25, 2025, the Company entered into the option agreement with HM Exploration Corp. to grant a hundred percent (100%) interest in the Pilley's Island Copper Project through a combination of common share issuances and incurrence of exploration expenditures on the Property, as follows:Issuing to the Company an aggregate of 6,300,000 common shares in the capital of the HM Exploration Corp. (\"Shares\") at a deemed price of $0.19 per share as follows 700,000 Shares on or before the date that is ten (10) business days after approval of the Canadian Sec...