Cariboo Rose Resources Ltd. Announces Approval for Thunder Ridge Property Transaction
Vancouver, BC, February 6, 2025 – TheNewswire
Cariboo Rose Resources Ltd. (“Cariboo Rose”) is excited to announce that it has officially received approval from the TSX Venture Exchange (TSX-V) for an arms length transaction to option six mineral claims known as the Thunder Ridge gold-silver property, located in British Columbia. This property is adjacent to Cariboo Rose’s Lightning Strike gold-silver property, further expanding the company’s presence in the region.
Under the terms of the agreement, Cariboo Rose has the opportunity to earn a 100% interest in the Thunder Ridge property by making cash payments totaling $50,000 and issuing 900,000 shares over a three year period. The initial payment of $5,000 in cash and 100,000 shares has already been made upon signing of the option agreement.
Additionally, a 2.0% Net Smelter Return is reserved for the vendor, which can be reduced to 0.75% in exchange for $1,250,000 in cash and 500,000 shares within 36 months of a positive Preliminary Economic Assessment.
Impact on Individuals
For individuals, this transaction could potentially have a positive impact on investors who are involved with Cariboo Rose Resources Ltd. If the Thunder Ridge property proves to be as promising as the Lightning Strike property, shareholders may see increased value in their investments as the company expands its portfolio and explores new opportunities for mineral extraction.
Global Implications
On a larger scale, the acquisition of the Thunder Ridge property by Cariboo Rose could have significant implications for the mining industry and the global economy. As the company continues to develop its properties and increase its mineral reserves, it could contribute to the overall supply of gold and silver in the market, potentially affecting prices and market dynamics worldwide.
Conclusion
Overall, the approval of the Thunder Ridge property transaction represents an exciting opportunity for Cariboo Rose Resources Ltd. to expand its presence in British Columbia and further solidify its position in the mining industry. With the potential for increased mineral reserves and value for shareholders, this transaction sets the stage for future growth and success for the company.
