Copper Road Resources said on October 30, 2026, that it paid $65,000 in cash and issued 500,000 common shares to keep its Ben Nevis project option agreements in good standing.

Key Takeaways

  • The payments cover the latest obligations under the Ben Nevis option agreements.
  • The share issuance remains subject to final TSX Venture Exchange acceptance.

Copper Road Resources advances Ben Nevis options

The Toronto-based exploration company is working to earn a 100% interest in the consolidated Ben Nevis land package through four option agreements. The project is in the Kirkland Lake-Larder Lake area of northeastern Ontario.

Interim President and CEO Mark Goodman said the company had made progress compiling and digitizing historical data and had completed a Mobile MT survey. Copper Road is working toward a drill program in the coming months and exploration agreements with local First Nations.

Share restrictions and exchange review

Copper Road said the newly issued shares are subject to a statutory hold period of four months and one day from issuance. The shares also remain subject to final acceptance by the TSX Venture Exchange.

For context, National Instrument 45-102 resale rules set conditions for certain restricted securities, including a four-month-and-one-day legend in specified circumstances. The instrument does not establish whether those conditions apply to this particular issuance.

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