Business
Blue Jay Gold Corp. Completes Acquisition of the Skukum Gold Project from Tincorp Metals
~ Acquisition adds substantial Yukon gold project to Company’s portfolio ~ ...
About this update from Tincorp Metals Inc
[{"type":"text","content":"Blue Jay Gold Corp. Completes Acquisition of the Skukum Gold Project from Tincorp Metals\n\n\n\n\n ~\n \n\n Acquisition adds substantial Yukon gold project to Company’s portfolio\n \n\n\n ~\n \n\n\n\n VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Blue Jay Gold Corp. (“\n \n Blue Jay\n \n ” or the\n \n “Company\n \n ”) is pleased to announce that it has completed the previously announced acquisition (the “\n \n Transaction\n \n ”) of Tincorp Metals Inc.’s (TSXV: “\n \n TIN\n \n ”; OTCQX: “\n \n TINFF\n \n ”, “\n \n Tincorp\n \n ”) wholly-owned subsidiary, Whitehorse Gold (Yukon) Corp. (“\n \n Whitehorse Gold\n \n ”), effective September 29, 2025. Whitehorse Gold holds a 100% interest in the Skukum Gold Project (the “\n \n Project\n \n ”) located in Yukon, Canada.\n \n\n “Closing the Skukum Project acquisition is a defining step for Blue Jay,” said Geordie Mark, CEO of Blue Jay. “The Yukon is an incredible jurisdiction with excellent geological potential, supportive frameworks and partners, and enjoys a rich culture steeped in mining history. Skukum is a cornerstone asset for us, and as a former production site, we believe the area represents a meaningful opportunity for lower-risk discovery and project reinvigoration. Our near-term focus is to test the growth potential of the mineralized systems in and around underground development areas, and mature new targets to sustain project longevity. We are committed to upholding our responsibilities in a manner that supports long-term value creation while aligning with our disciplined approach to capital allocation and community partnership.”\n \n\n Under the terms of the share purchase agreement between the parties (the “\n \n Agreement\n \n ”), the total consideration payable by Blue Jay for the acquisition of the shares of Whitehorse Gold was structured as two payments: (i) at closing, Blue Jay issued 500,000 common shares of the Company and 250,000 common share purchase warrants (each, a “\n \n Warrant\n \n ”) to Tincorp, having an aggregate value of $300,000; and (ii) $275,000, payable in cash and/or shares of the Company at Blue Jay’s election, is to be paid to Tincorp on the fi...