Business
Teako Announces Sale of Copper, Zinc, Gold and Silver Project Package; Retains 10% Non-Dilutive Carried Interest and Secures Work Commitment
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce that it has entered into a Definitive Acquisition Agreement (the "Agreement") with Nordic Minerals AS (or "Nordic"), a wholly owned Norwegian subsidiary of United Minerals Australia Pty Ltd (or "United Minerals"), whereby Teako has agreed to sell to Nordic a 90% interest in five Norwegian copper, zinc, gold and silver ("Cu","Zn","Au","Ag") projects.
About this update from Teako Minerals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce that it has entered into a Definitive Acquisition Agreement (the "Agreement") with Nordic Minerals AS (or "Nordic"), a wholly owned Norwegian subsidiary of United Minerals Australia Pty Ltd (or "United Minerals"), whereby Teako has agreed to sell to Nordic a 90% interest in five Norwegian copper, zinc, gold and silver ("Cu","Zn","Au","Ag") projects (the "Projects" or each a "Project"). The five Projects formed part of Teako's extensive and strategically positioned Project Hub, which provides the Company with significant leverage to growth through both the advancement of its core exploration assets in addition to select partner-funded development while retaining potential future upside for shareholders.","length":974,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Teako sells 90% interests in five copper, zinc, gold and silver projects (Mykkelvika, Heimdalhaugen, Sivilvangen, Klasberget, Hellemyr) in Norway to Nordic Minerals AS for NOK 1,450,000 (approximately C$200,000).","length":212,"tagName":"p"}]},{"val":[{"type":"text","content":"Teako shall receive an additional payment of NOK 2,700,000 (approximately C$370,000) payable upon the Projects collectively achieving an aggregate mineral resource of at least 10 million tonnes reported in accordance with JORC standards, with no minimum grade requirement.","length":272,"tagName":"p"}]},{"val":[{"type":"text","content":"Teako to retain a non-dilutive 10% free carried ownership interest in the Projects through the final investment decision ("FID") for mine construction and establishment of a Joint Venture. Teako shall not be responsible for any costs of establishing the JV or financing the Projects until commercial production has commenced. After the commencement of commercial production, all Joint Venture interest holders will participate in the costs and distributions of the Joint Venture pro rata.","length":498,"tagName":"p"}]},{"val":[{"type":"text","content":"Nordic shall incur a minimum of C$700,000 in exploration expend...