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Mundoro Announces Option Agreement with BHP for Exploration Licences in Central Timok, Serbia
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2025) - Mundoro Capital Inc. (TSXV: M...
About this update from Mundoro Capital Inc.
[{"type":"text","content":"Mundoro Announces Option Agreement with BHP for Exploration Licences in Central Timok, SerbiaVancouver, British Columbia--(Newsfile Corp. - October 13, 2025) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) (\"Mundoro\" or the \"Company\") announces it has entered into a definitive option agreement (\"Agreement\") with a wholly owned subsidiary of BHP Group Limited (\"BHP\"), in which Mundoro has granted to BHP an option to earn-in to seven (7) of Mundoro's exploration licenses (the \"BHP-Mundoro Central Timok Project\" or the \"Project\") located within the Timok Magmatic Complex (\"Timok\") in Serbia. Highlights:BHP can earn 100% ownership over 10 years by funding US$ 35,000,000 (C$ 48,877,5001) in exploration expenditures.Mundoro retains a 2% NSR royalty upon exercise.BHP commits to escalating annual option payments, starting at US$ 323,000 (C$ 451,0701).Mundoro will operate the project and earn annual operator fees.Teo Dechev, CEO of Mundoro commented: \"We are pleased to announce the expansion of our strategic partnership with BHP, a world leader in the resources industry. This deepened collaboration focuses on exploring a package of additional exploration licenses in the highly prospective Timok region of eastern Serbia for copper porphyry systems.\"This expanded relationship combines Mundoro's decade of local and operational expertise in the Timok region, with BHP's global geoscience team, and specialization in porphyry exploration. This collaboration leverages the respective strengths of each company to systematically explore this prospective mineral district.\"Working together under a unified exploration methodology, both teams are committed to intensifying exploration efforts. This integrated approach, which draws upon Mundoro's deep understanding of local geological conditions and BHP's cutting-edge global exploration methodologies, is designed to enhance targeting capabilities and significantly increase the likelihood of new discoveries within the Timok region. We believe this expanded partnership will drive value for both companies and has the potential to contribute to the economic development of eastern Serbia.\"Agreement TermsPursuant to the Agreement, Mundoro has granted to BHP an option to earn, over 10 years (the \"Option Period\"), a 100% interest in the BHP-Mundoro Central Timok ...