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IDEX Metals Announces Option Agreement with WestGold Metals
Vancouver, B.C. – May 14, 2026 - TheNewswire – IDEX Metals Corp. ("IDEX" or the "Company") (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that it has entered
About this update from Idex Metals Corp.
[{"type":"text","content":"Vancouver, B.C. – May 14, 2026 - TheNewswire – IDEX Metals Corp. (\"IDEX\" or the \"Company\") (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that it has entered into a mineral property option agreement, dated May 13, 2026 (the “Option Agreement”) with WestGold Metals Corp. (“WestGold”), traded on the Canadian Securities Exchange (the “CSE”) under the symbol “WGM.CN”, and Silver Rock Resources, Inc., a wholly-owned subsidiary of the Company (the “Optionor”), pursuant to which the Company has granted to WestGold an exclusive option (the “Option”) to acquire a 90% interest in three of the Company’s exploration properties located in the State of Idaho, USA: the Amie Project, the Silver Rock Project, and the Demming Project (together, the “Properties”). The proposed transaction is expected to provide the Company with non-dilutive exposure to exploration success at the Properties through a combination of a cash payment, equity consideration, exploration expenditures, and a retained royalty interest. WestGold is at arm’s length to the Company and the Optionor, and the Option does not constitute a related party transaction. Clayton Fisher, CEO of IDEX, commented, “This transaction is exactly the kind of value-creation opportunity we want to execute as we build IDEX: monetize non-core assets, retain meaningful upside, and concentrate our capital and technical effort on the Freeze Project. By optioning our Owyhee project portfolio to WestGold, we are putting Amie, Silver Rock and Demming into the hands of a dedicated junior explorer with committed exploration capital, while IDEX shareholders retain multiple ways to participate in future exploration success. The structure provides exposure through a 9.9% equity position in WestGold, committed exploration expenditures across the projects, a retained 10% carried interest in each project, and a retained royalty interest. In our view, this creates powerful optionality — if WestGold is successful in unlocking value across these projects, IDEX shareholders have direct leverage to that upside; at the same time, our team remains firmly focused on advancing Freeze, our flagship copper project and what we believe is the Company’s most compelling value-creation opportunity.” Pursuant to the Option Agreement, WestGold may acquire a 90% undivided interest in the Properties (free and clear of all en...