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Trans Canada Gold Enters into an Option Agreement with Bear Mountain Gold Mines to Acquire a 60% Interest in the Harrison Lake District Scale Gold Property, with $10.0 Million Dollars in Prior Exploration Expenditures
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 4, 2026 / Trans Canada Gold Corp. (T...
About this update from Trans Canada Gold Corp
[{"type":"text","content":"Trans Canada Gold Enters into an Option Agreement with Bear Mountain Gold Mines to Acquire a 60% Interest in the Harrison Lake District Scale Gold Property, with $10.0 Million Dollars in Prior Exploration ExpendituresVANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 4, 2026 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) (\"Trans Canada\" or the \"Company\"), is pleased to announce that the Company has entered into an arm's length five-year Option Agreement on February 2nd, 2026, to acquire a 60% interest subject to a 2% net smelter returns royalty (\"NSR\") in a district scale gold project called the Harrison Lake Gold Property (5,068 ha) located near Harrison Lake, situated in south-western British Columbia, Canada (The \"Property\"), with Bear Mountain Gold Mines (\"BMGM\"). The terms include paying $250,000 CDN in cash to BMGM, incurring 5,000,000 in exploration and drilling expenditures, and issuing 10,000,000 shares of the Company's common stock to BMGM, over a 5-year period. The transaction is conditional on TSX Venture Exchange (\"TSXV\") approval and completion of a financing which is currently pending. The Company can earn its interest by making the following payments and incurring the following expenditures:a. paying $50,000 and issuing 2,000,000 common shares to BMGM on the date that is 5 business days following TSXV approval of the Option Agreement (the \"Option Date\");b. paying an additional $50,000 and issuing an additional 2,000,000 common shares to BMGM, and incurring $600,000 in exploration expenditures on the Property on or before the first anniversary of the Option Date;c. incurring an additional $900,000 in exploration expenditures on the Property on or before September 23, 2027;d. paying an additional $50,000 and issuing an additional 2,000,000 common shares to BMGM on or before the second anniversary of the Option Date;e. paying an additional $50,000 and issuing an additional 2,000,000 common shares to BMGM, and incurring an additional $1,000,000 in exploration expenditures on the Property on or before the third anniversary of the Option Date;f. paying an additional $50,000 and issuing an additional 2,000,000 common shares to BMGM, and incurring an additional $1,000,000 in exploration expenditures on the Property, on or before the fourth anniversary of the Option Date; andg. incurring an additio...