Troubadour Resources Options its Monarch Uranium Project to Pluto Ventures

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[{"type":"text","content":"Troubadour Resources Options its Monarch Uranium Project to Pluto Ventures\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n May 8, 2025 – Troubadour Resources Inc.\n \n\n ( “\n \n\n Troubadour\n \n\n ”,\n \n\n or the\n“\n \n\n Company\n \n\n ”)\n \n\n (TSXV:\n \n\n TR\n \n\n ) (OTCQB:\n \n\n TROUF\n \n\n ),\na North American mineral acquisition and exploration company, is\npleased to announce that it has entered into an option agreement (the\n“\n \n\n Option\n \n\n ” or the “\n \n\n Agreement\n \n\n ” or the “\n \n\n Transaction\n \n\n ”) with\nPluto Ventures Inc. (“\n \n\n Pluto\n \n\n ”), whereby Pluto may acquire a 100%\ninterest in the Company’s Monarch Uranium Project (the\n“\n \n\n Project\n \n\n ”), located in Nunavut, Canada.\n \n\n\n\n The Transaction is not subject to Exchange approval, as\nit qualifies as an \"\n \n\n Exempt Transaction\n \n\n \" under\n \n\n Exchange Policy 5.3 – Acquisitions and\nDispositions of Non-Cash Assets\n \n\n .\n \n\n\n\n The Agreement aligns with Troubadour’s strategy to\nstreamline its portfolio and focus on its core assets, including its\ngold and polymetallic projects in British Columbia and Quebec. By\noptioning the Project to Pluto, Troubadour secures immediate and\nstaged financial benefits while transferring exploration risk to a\ncapable partner with expertise in uranium exploration.\n \n\n\n\n “\n \n\n We are\nthrilled to announce this option agreement with Pluto Ventures, which\nallows Troubadour to unlock value from the Monarch Uranium Project\nwhile sharpening our focus on our core gold and polymetallic\nassets,”\n \n\n said Zachary Kotowych,\n \n\n CEO of Troubadour Resources Inc.\n \n\n\n\n Mr. Kotowych continued: “\n \n\n Pluto’s expertise and commitment to\nadvancing this high-potential uranium project positions Troubadour to\nbenefit from Monarch’s upside as global uranium demand surges. This\ntransaction is a win-win, strengthening our balance sheet and aligning\nwith our disciplined growth strategy.\n \n\n ”\n \n\n\n\n In order to exercise the Option, Pluto must fulfill the\nfollowing conditions:\n \n\n\n\n...

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