Copper Road Resources Clarifies Financing, Options and Advances Ben Nevis Project in Ontario

Stone Gold Inc. ( (TSE:CRD) ) has issued an announcement.

Copper Road Resources has outlined the terms of four option agreements giving it the right to earn a 100% interest in the Ben Nevis Project in northeastern Ontario, covering 174 mining cell claims and 13 patented claims over roughly 10,232 hectares. The company has already made initial payments of $37,500 in cash and 2,250,000 common shares and detailed a remaining schedule of up to $385,000 in cash and 6,950,000 shares over three years, part of which may be settled in equity. Copper Road plans to fund exploration at Ben Nevis using approximately $1.08 million raised in a recent financing comprised of common share and flow-through units, while also correcting previous disclosure to reflect a slightly lower number of flow-through units issued and an increase to 2,000,000 stock options granted to consultants on a two-year term at $0.05 per share, half of which are milestone-based. The company further clarified that these consultants will not perform investor relations activities and confirmed all prior investor relations agreements have been terminated, underscoring a tighter focus on exploration execution and regulatory compliance as it advances its Ontario project portfolio.

More about Stone Gold Inc.

Copper Road Resources Inc. is a Toronto-based mineral exploration company focused on acquiring and advancing copper and precious metals projects in Canada. The company is listed on the TSX Venture Exchange under the symbol CRD and is currently expanding its footprint in northeastern Ontario through the Ben Nevis Project, which consists of a large package of mining cell and patented claims.

Average Trading Volume: 127,722

Technical Sentiment Signal: Buy

Current Market Cap: C$6.73M

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