Bathurst Metals Announces Merry May Claim Option
thenewswire.com
Vancouver, B.C. September 5, 2025 – TheNewswire - Bathurst Metals Corp. (“Bathurst” or the “Company”) is pleased to announce it has entered into an Assignment and Assumption Agreement dated September 4, 2025 with an arm’s length vendors (the “Vendor”) to acquire an undivided 100% interest in one mineral claim comprising 81.6 hectares near Gold Bridge, B.C. known as the “Merry May Project”. The Vendor holds an option to acquire the claim pursuant to a mineral option agreement (the “Option Agreement”) dated September 1, 2025. As consideration for the assignment of the Option Agreement to the Company, the Company will issue 2,200,000 common shares to the Vendor, subject to TSX Venture Exchange (“TSXV”) approval. All common shares issued will be subject to a four (4) month hold period.
Under the terms of the Option Agreement, the Company will reimburse the Vendors the sum of $1;000 paid pursuant to the Option Agreement upon receipt of TSXV approval. The Company must incur not less than $50,000 of expenditures on the claim within 24 months of the date of the Option Agreement to exercise the option. The claim will be subject to a net smelter royalty in favor of the underlying optionor equal to 1.0% (the "Royalty"). The Company shall have the right to purchase the NSR from the underlying optionor upon payment of the sum of US $1,000,000 to the underlying optionor at any time after Commencement of Commercial Production.
Bathurst CEO Hardy Forzley said: “The Merry May Project is located in one of the most prospective areas for gold mineralization in British Columbia, on the west side of Truax Creek, south of Carpenter Lake. Easy access will enable us to work year round to advance its development”.
This transaction is subject to approval of the TSX Venture Exchange.
The Company also announces, further to its news release dated August 15, 2025, that finders’ fees of $7,175 were paid on a portion of its recently closed private placement.
Qualified Person
Lorne Warner, P Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed
and approved the scientific and technical disclosure in this news release. Mr. Warner is not independent of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
“Harold Forzley”
CEO
Bathurst Metals Corp.
For more information contact Harold Forzley
info@bathurstmetalscorp.com
604-783-4273
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. |
