{"id":18254,"date":"2025-06-03T11:54:57","date_gmt":"2025-06-03T11:54:57","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/06\/03\/cartier-signs-agreement-with-exploits-discovery-to-option-100-of-the-benoist-fenton-and-wilson-properties\/"},"modified":"2025-06-03T11:54:57","modified_gmt":"2025-06-03T11:54:57","slug":"cartier-signs-agreement-with-exploits-discovery-to-option-100-of-the-benoist-fenton-and-wilson-properties","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/06\/03\/cartier-signs-agreement-with-exploits-discovery-to-option-100-of-the-benoist-fenton-and-wilson-properties\/","title":{"rendered":"Cartier Signs Agreement with Exploits Discovery To Option 100% of the Benoist, Fenton and Wilson Properties"},"content":{"rendered":"<\/p>\n
\n

Cartier Resources Inc. (\u2033 Cartier \u2033 or the \u2033 Company \u2033) (TSXV: ECR; FSE:6CA) is pleased to announce the execution of an agreement (the \u2033 Agreement \u2033) with Exploits Discovery Corp. (CSE: NFLD) (\u2033 Exploits \u2033) to option 100% of its interests in three groups of exclusive exploration rights, located in the Province of Qu\u00e9bec, commonly referred to as: (a) the \u2033Wilson project\u2033 located in Lebel-sur-Qu\u00e9villon (the \u2033 Wilson Property \u2033); (b) the \u2033Fenton project\u2033 located in Chapais (the \u2033 Fenton Property \u2033); and (c) the \u2033Benoist project\u2033 located in Miquelon (the \u2033 Benoist Property \u2033), together the \u2033 Properties \u2033.<\/p>\n

During the four-year option period, Exploits shall have the sole and exclusive right and option to earn a 100% interest (the \u2033 Option <\/strong> \u2033) by paying Cartier an amount aggregating $1,750,000 in cash, issuing Cartier an aggregate of 9,250,000 common shares of Exploits and incurring not less than $12,250,000 in expenditures on the properties. The Agreement is conditional on Exploits obtaining all necessary regulatory approvals under the policies of the Canadian Securities Exchange (CSE) in connection therewith. Within ten (10) business days of the effective date, Cartier will receive an amount of $200,000 in cash and 1,750,000 common shares of Exploits. All shares issued to Cartier under the Agreement will be subject to a statutory four (4) month hold period. <\/p>\n

Upon due exercise of the Option in respect of any of the Properties, Cartier will retain a 2.0% net smelter returns (\u2033NSR\u2033) production royalty (each, a \u2033 Royalty <\/strong> \u2033) over the applicable Property(ies). One-half of the Royalty (1.0% NSR) will be redeemable at the election of Cartier for a cash payment of $2,000,000 and the remaining half of the Royalty (1.0% NSR) will be redeemable at the election of Cartier for a cash payment of $20,000,000. <\/p>\n

About Cartier Resources Inc.<\/strong><\/p>\n

Cartier Resources Inc., founded in 2006, is an exploration company based in Val-d\u2019Or. The Company\u2019s projects are all located in Qu\u00e9bec, which consistently ranks among the world\u2019s top mining jurisdictions. Cartier is advancing the development of its flagship Cadillac project. <\/p>\n

Cautionary Statement <\/strong><\/p>\n

Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company\u2019s plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management\u2019s beliefs, estimates or opinions, or other factors should change, except as required by law <\/em><\/p>\n

For further information, contact:
Philippe Cloutier, P.\u00a0Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com <\/p>\n

Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release. <\/em><\/p>\n<\/p>\n<\/p>\n<\/div>\n

News Provided by GlobeNewswire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Cartier Resources Inc. (\u2033 Cartier \u2033 or the \u2033 Company \u2033) (TSXV: ECR; FSE:6CA) is pleased to announce the execution of an agreement (the \u2033 Agreement \u2033) with Exploits Discovery Corp. (CSE: NFLD) (\u2033 Exploits \u2033) to option 100% of its interests in three groups of exclusive exploration rights, located in the Province of Qu\u00e9bec, […]<\/p>\n","protected":false},"author":0,"featured_media":18255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-18254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/18254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=18254"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/18254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/18255"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=18254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=18254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=18254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}