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TRU Executes Joint Venture Agreement Governing Its 51% interest in the Staghorn Property at Golden Rose
TORONTO, ON / ACCESS Newswire / February 18, 2026 / TRU Precious Metals Corp. (TSXV:TRU)(FSE:7...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Executes Joint Venture Agreement Governing Its 51% interest in the Staghorn Property at Golden RoseTORONTO, ON / ACCESS Newswire / February 18, 2026 / TRU Precious Metals Corp. (TSXV:TRU)(FSE:706) (\"TRU\" or the \"Company\") is pleased to announce that a Joint Venture Agreement (\"JVA\") that regulates the 51%/49% Joint Venture (\"JV\") arrangement on the Staghorn Property between the Company and Quadro Resources Ltd. (\"Quadro\") has been executed by the parties.The JV is deemed to have been in existence since July 5, 2025, being the commencement date under the JVA, following the Company's election not to exercise the additional option to increase its interest in the Staghorn Property as detailed in the Company's news release dated August 6, 2025. The Staghorn Property represents approximately 11% of the total Golden Rose land package.The JVA, which contains industry standard terms and is consistent with the framework set out in the option agreement between TRU and Quadro dated June 15, 2022, as amended (the \"Option Agreement\") provides, among other things, that:the parties will fund exploration and other JV expenditures on the Staghorn Property on a pro rata basis in accordance with their respective participating interests;a management committee will be established consisting of two representatives appointed by TRU and one representative appointed by Quadro;TRU will act as operator of the JV and will be entitled to a 10% operator's fee on JV expenditures;annual programs and budgets are to be presented to the JV management committee at the beginning of each year for approval, with cash calls made quarterly;a party's participating interest will be subject to dilution in the event it does not fund its share of approved expenditures;the JVA includes customary dilution provisions, pursuant to which a participant's interest may be reduced in the event it does not fund its share of approved expenditures, and which contemplate alternative forms of participation in certain circumstances, which may include a 1% net smelter returns royalty of which 0.5% would be re-purchasable by TRU for $1,000,000, subject to the terms of the JVA; andThe JVA is subject to the rights of Eldorado Gold Corporation (\"Eldorado\") under its earn‑in agreement with TRU, pursuant to which Eldorado has the option to fund CAD $15.25 million in cash ...