Patriot Resources Moves to Acquire Nevada Tungsten Asset and Shift Listing to CSE

An announcement from Friday’s Dog Holdings ( ($TSE:MAGA.H) ) is now available.

Patriot Resources Corp. has entered into a binding letter of intent with Tungsten Eagle Development Corp. to secure an option to acquire the Liberty Ridge tungsten property in Elko County, Nevada, comprising 269 contiguous BLM lode mining claims over 5,351 acres in a historically active exploration district. The deal structure would see Patriot issue up to 20 million common shares and 20 million warrants to TEDC in stages tied to exploration and development milestones, grant a 2% net smelter return royalty with buyback rights, and assume full ownership of the asset once all milestones and securities issuances are completed, while also implementing a share consolidation, voluntarily delisting from the TSX Venture Exchange’s NEX board, and seeking a new listing on the Canadian Securities Exchange as it rebrands to Tungsten Eagle Development Corp., signaling a strategic shift toward becoming a focused player in North American critical mineral supply chains amid rising tungsten prices and geopolitical concerns over Chinese supply dominance.

More about Friday’s Dog Holdings

Patriot Resources Corp. is a Vancouver-based mineral exploration company listed on the NEX board of the TSX Venture Exchange, focused on acquiring and advancing mining assets. The company is pivoting toward critical minerals, targeting properties in favorable North American mining jurisdictions with an emphasis on commodities such as tungsten that are important for defense, aerospace and advanced manufacturing supply chains.

YTD Price Performance: 21.74%

Average Trading Volume: 39,140

Technical Sentiment Signal: Buy

Current Market Cap: C$23.54M

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