FAQ: Trailbreaker Resources Amended Atsutla Gold Project Option Agreement
TL;DR
Trailbreaker Resources amended its Golden Echelon claim option, reducing immediate cash payments and extending share issuance deadlines to optimize capital allocation for gold exploration.
The amended agreement replaces a 2025 cash payment with extended share issuance options through May 2026, maintaining the 1% NSR royalty and buyback terms.
This amendment supports sustainable mineral exploration in British Columbia, potentially creating local economic opportunities while maintaining responsible resource development practices.
Trailbreaker modified its Golden Echelon claim agreement, extending payment deadlines and offering flexible share issuance options for the 132-hectare gold property.
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Trailbreaker Resources has amended its option agreement for the Golden Echelon mineral claim at the Atsutla Gold project, extending payment deadlines and providing additional payment options to acquire 100% interest in the claim.
The Golden Echelon claim block is located at Trailbreaker's Atsutla Gold project in northwestern British Columbia, specifically positioned between the Snook and Highland zones.
The amendment deleted paragraph d) of the original agreement and replaced it with new paragraphs d) and e), extending the final payment deadline to May 16, 2026 and providing two payment options: either $25,000 cash plus 50,000 shares or 175,000 shares only.
The original agreement required 80,000 common shares issued in stages over three years plus a $25,000 cash payment, with the final payment of 50,000 shares and $25,000 cash due by November 16, 2025.
The optionor is Mr. Torrey Fredlund, who holds the original rights to the Golden Echelon claim block that Trailbreaker is optioning to acquire.
The optionor will retain a 1% Net Smelter Return (NSR) royalty, and Trailbreaker has the right to buy back this 1% NSR within two years of exercising the option for $50,000 cash and 100,000 common shares.
The Amending Agreement was signed on November 3rd, 2025, and is subject to approval by the TSX Venture Exchange before taking full effect.
Trailbreaker must issue 25,000 common shares by November 16, 2025, and then by May 16, 2026, either pay $25,000 plus issue 50,000 shares or issue 175,000 shares.
The Golden Echelon claim block consists of one mineral claim covering 132 hectares of land.
You can visit TrailbreakerResources.com, follow them on Twitter.com/TrailbreakerLtd, call (604) 681-1820, or email info@trailbreakerresources.com for more information.
Curated from NewMediaWire
