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Americore Resources (OTCQB: AMCOF) completed the first payment under its Trinity Silver Project agreement with Newmont on Nov 18, 2025. Americore issued 100,000 common shares and paid US$50,000 as the first 12-month rental payment. The company filed an independent NI 43-101 Technical Report effective Oct 16, 2025, dated Oct 28, 2025. The Agreement grants exclusive exploration rights and includes staged annual rental payments, a purchase option requiring US$350,000 plus 700,000 shares and a 2% NSR (Americore may buy 1% for US$3.5M).
The company also granted 1.6 million incentive stock options exercisable at $0.30 for five years.