News
Highlights:
Vancouver, British Columbia / TheNewswire / June 10, 2025 – Troubadour Resources Inc. (“Troubadour”, or the “Company”) (TSXV: TR) (OTCQB: TROUF), a North American mineral acquisition and exploration company, is pleased to announce that it has entered into an option agreement (the “Option” or the “Agreement” or the “Transaction”) with Molten Metals Corp. (“MOLT”), whereby MOLT may acquire a 100% interest in the Company’s Texas Property (the “Project”), located in British Columbia, Canada.
The Transaction is not subject to TSX Venture Exchange (the “Exchange” or “TSX.V”) approval, as it qualifies as an “Exempt Transaction” under Exchange Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets.
The Agreement aligns with Troubadour’s strategy to streamline its portfolio and focus on its core assets that include that Company’s Senneville VMS gold project near Val-d’Or, Quebec. By optioning the Texas Project to MOLT, Troubadour secures immediate financial benefits while transferring exploration risk to a capable partner.
Zachary Kotowych, CEO of Troubadour Resources, commented: “This strategic transaction allows Troubadour to monetize a non-core asset, generating immediate financial benefits through MOLT’s issuance of 1,600,000 common shares within 10 days of their receiving approval from the Canadian Securities Exchange. ”
Mr. Kotowych continued: “By transferring exploration risk to MOLT, a skilled partner, Troubadour can allocate resources to advancing its flagship Senneville Project. This option enhances Troubadour’s financial stability and supports its strategy to focus on high-potential projects in Quebec.”
In order to exercise the Option, MOLT must fulfill the following conditions:
1. Share Issuances
MOLT will issue an aggregate of 1,600,000 common shares to Troubadour within 10 days of receipt of approval from the Canadian Securities Exchange (the “Effective Date”).
2. Exploration Expenditures
Incurring exploration expenditures of $500,000 on the Texas Property as follows:
a) $150,000 on or before the second anniversary of the Effective Date; and
b) $350,000 on or before the fourth anniversary of the Effective Date;
MOLT will serve as the operator of the Project while it is under option and has the flexibility to accelerate share issuances, and/or exploration expenditures to earn its interest ahead of schedule.
The Company also announces that, further to its news release dated February 13, 2025, subject to TSX.V final approval the Company has amended the exercise price and expiry acceleration terms for 10,031,000 of 10,221,000 previously issued and outstanding common share purchase warrants (the “Warrants”).
The exercise price of the Warrants has been reduced from $0.175 per warrant share to $0.10 per warrant share. In addition, the expiration of the warrants will be accelerated to 30 days if, for any 10 consecutive trading days, the closing price of the common shares of the Company on the TSX.V is $0.125 cents or greater, with such 30-day period starting seven days after the acceleration trigger.
The Company confirms that one holder of 90,000 Warrants did not respond to multiple attempts to contact them regarding the proposed amendment. In addition, one holder of 100,000 Warrants did not consent to the amendment but indicated that they did not object to the Warrants held by other holders being amended.
The Warrants’ other terms, including the July 18, 2026 expiry date, remain unchanged.
About Troubadour Resources Inc.
Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange under the symbol TR, on the OTCQB Market under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate Stock Exchanges under the symbol A3DBDE.
Troubadour’s flagship project is the Senneville Gold-Copper Project, situated in close proximity to Val d’Or, Quebec, Canada. Comprised of 230 mineral claims totalling over 130 km2, the Senneville Project is located within the prolific Val d’Or Mining Camp between Probe Gold’s McKenzie Break deposit (1,453,400 ounces Inferred) to the north, and the Probe’s Novador Development Project to the south (6,405,000 ounces M&I and 1,550,200 ounces Inferred).
Note: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the Company’s properties.
TROUBADOUR RESOURCES INC.
Zachary Kotowych
CEO and Director
(437) 855-4540
zkotowych@troubadourresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release may include “forward-looking information” under applicable Canadian securities legislation. Such forward-looking information reflects management’s current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
