Kingfisher Metals Completes Acquisition of Hickman Project
VANCOUVER, BC, February 20, 2025 – Kingfisher Metals Corp. (TSX-V:KFR)(FSE:970)(OTCQB:KGFMF) (“Kingfisher” or the “Company”), a mineral exploration and development company, is thrilled to announce that it has successfully closed the acquisition of the Hickman project (the “Hickman Project”) from Golden Ridge Resources Ltd. (“Golden Ridge”) as previously announced on February 6, 2025. This strategic acquisition significantly expands Kingfisher’s portfolio and strengthens its position in the mineral exploration industry.
Transaction Details
Under the terms of the Transaction, Kingfisher issued 10 million common shares to Golden Ridge, representing approximately 15% of Kingfisher’s issued and outstanding common shares. In addition, Kingfisher assumed certain obligations related to the Hickman Project, including a $1.5 million debt facility due to a third-party lender. The Transaction is an arm’s length transaction and has been approved by the TSX Venture Exchange.
Impact on Kingfisher
The acquisition of the Hickman Project is a significant milestone for Kingfisher as it adds a high-potential copper-gold porphyry system to the Company’s portfolio. The Hickman Project is located in the Golden Triangle region of British Columbia, which is known for its world-class mineral deposits. This acquisition not only increases Kingfisher’s exploration potential but also provides the Company with a promising new asset that aligns with its strategic focus on base and precious metals exploration.
Impact on the Mining Industry and Investors
The mining industry, particularly the exploration sector, has been experiencing a resurgence in investor interest due to the increasing demand for base metals such as copper, nickel, and zinc. The acquisition of the Hickman Project by Kingfisher is a testament to this trend and is expected to attract further attention from investors. With a strong exploration portfolio and a promising new asset, Kingfisher is well-positioned to capitalize on this market opportunity.
Moreover, the acquisition of the Hickman Project is expected to create value for Kingfisher shareholders. The Company’s increased exploration potential and strategic focus on base and precious metals make it an attractive investment opportunity for those looking to gain exposure to the mining sector. Additionally, the acquisition is expected to provide potential catalysts for the Company’s growth in the coming years.
Conclusion
Kingfisher Metals’ acquisition of the Hickman Project marks a significant step forward for the Company as it strengthens its position in the mineral exploration industry and aligns with the current market trend towards base metals exploration. With a strong exploration portfolio and a promising new asset, Kingfisher is well-positioned to capitalize on this opportunity and create value for its shareholders. This acquisition is expected to generate excitement within the mining industry and attract further attention from investors.
- Kingfisher Metals completes acquisition of Hickman Project from Golden Ridge Resources
- Transaction includes 10 million common shares issued to Golden Ridge and assumption of certain obligations
- Hickman Project adds high-potential copper-gold porphyry system to Kingfisher’s portfolio
- Strategic acquisition aligns with Kingfisher’s focus on base and precious metals exploration
- Increased exploration potential and promising new asset make Kingfisher an attractive investment opportunity
