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BeMetals Corp. explores and develops precious and base metals projects, with a portfolio that includes the Savant Gold Project in northwestern Ontario, the Pangeni Copper Project in the Zambian Copperbelt, and gold exploration projects in Japan. Company news commonly covers surface sampling and reconnaissance work, exploration planning, project-level technical updates, and acquisition evaluation within its mineral portfolio.
Recurring corporate updates also include flow-through financings for Canadian exploration expenditures, debt settlement, share consolidation and TSX Venture Exchange trading matters, investor relations arrangements, executive management changes, shareholder voting matters, governance updates, and operating and financial results.
Lightning Resource Corp. (BMTLF) completed the acquisition of non-Yukon assets from Prospector Metals and received $4,000,000 in financing proceeds effective September 2, 2026.
The deal adds the Savant, Devon, Whitton and TooGood projects, a proprietary geological database, 5,367,000 TooGood Gold shares, potential future option payments, and $150,000 of government grant funding for Devon. Lightning acquired Prospector’s subsidiary via issuance of 29,400,000 Lightning shares, with no statutory resale restrictions, and no finder’s fees on the Acquisition itself.
Following an amalgamation, 8,000,000 subscription receipts converted into 8,000,000 Lightning shares and 4,000,000 warrants, releasing the $4,000,000 proceeds. Finders were paid $180,000 and 360,000 warrants. New leadership includes Interim CEO Dr. Rob Carpenter and director Clive Johnson, with the immediate focus on exploring the Savant Gold Project.
Lightning Resource Corp. (OTCQB: BMTLF; TSXV: LTNG) and Prospector Metals have extended key deadlines related to their previously announced asset transaction and financing. The escrow deadline for the non-brokered private placement of 8,000,000 subscription receipts of Lightning Subreceipt Financing Corp., raising gross proceeds of $4,000,000, has been pushed from July 31, 2026 to August 31, 2026.
According to the companies, the outside date to close the share purchase agreement dated April 15, 2026, under which BeMetals will acquire all shares of Prospector’s subsidiary Subco holding its remaining viable non-Yukon projects, has also been extended to August 31, 2026. All other terms of the Offering and the Transaction are unchanged.
BeMetals (OTCQB: BMTLF, TSXV: BMET) has received TSX Venture Exchange approval to change its name to Lightning Resource Corp.. The name change and new trading symbol “LTNG” are expected to take effect at the start of trading on July 31, 2026, together with new CUSIP/ISIN numbers 531965101/CA5319651017. Existing shareholders need not take any action, and current share certificates will remain valid.
The company confirms its previously announced acquisition of all non-Yukon mineral exploration projects of Prospector Metals, in exchange for 29,400,000 common shares, remains pending. BeMetals has also implemented a new rolling up to 10% Omnibus Incentive Plan, approved by shareholders on July 3, 2026, enabling stock-based awards to directors, officers, employees, and consultants.
Prospector Metals and BeMetals (OTCQB:BMTLF) plan a non-brokered private placement of up to 8,000,000 subscription receipts at $0.50, for gross proceeds up to $4,000,000. The financing supports BeMetals’ acquisition of Prospector’s non‑Yukon projects and a planned name change to Lightning Resource Corp.
Receipts convert into Finco units, then into Resulting Issuer shares and warrants after TSXV, shareholder, and court approvals.
BeMetals (OTCQB:BMTLF) provided an update on its proposed acquisition of Prospector Metals’ non-Yukon exploration projects and marketable securities for 29,400,000 post-consolidation shares. The company completed a 1-for-10 share consolidation, obtained conditional TSXV acceptance, and set a July 3, 2026 shareholder meeting for disinterested approval and board reconstitution. Subject Assets include a 100% interest in the Savant Gold Project, the Devon, Whitton and TooGood projects interests, a proprietary geological database, 5,000,000 TooGood Gold shares, potential future option payments, and $150,000 of Devon Project grant funding.
BeMetals (OTCQB: BMTLF) said trading on the TSX Venture Exchange will resume at market open on May 5, 2026. The company received TSXV approval for a 1-for-10 share consolidation effective at the start of trading on May 8, 2026.
Post-consolidation shares will trade under BMET with CUSIP/ISIN 081379307/CA0813793076 and issued shares will be reduced from 294,423,604 to approximately 29,442,360. Letters of transmittal and instructions for surrendering existing certificates will be distributed to registered holders.
BeMetals (TSXV:BMET) agreed to acquire Prospector Metals' non-Yukon exploration projects in exchange for 29,400,000 post-consolidation shares, representing ~49.9% of the post-close company. The deal includes a 10-for-1 share consolidation, a name change to Lightning Resource Corp., board reconstitution and continued major ownership by B2Gold.
Closing is subject to TSXV approval, shareholder or court orders and other customary conditions.
BeMetals (OTCQB:BMTLF) reported high‑grade surface sampling from its Savant Gold Project in northwestern Ontario on February 12, 2026. Highlights include a 34.7 g/t Au grab sample at Wiggle Creek, 68 grab samples assayed from October 2025, and a district‑scale land package of ~24,197.5 hectares.
The project sits along a 40‑km regional structure (Kashaweogama Lake Fault Zone), has year‑round highway access, nearby rail, power and mining service centres, limited historical drilling (59 holes, 6,357 m), and a spring/summer 2026 program planned for biogeochemical sampling, prospecting and drill target generation.
BeMetals (OTCQB:BMTLF) reached agreements with B2Gold to settle C$2,022,814 of outstanding debt by issuing 28,897,343 common shares at C$0.07, convert C$5,300,000 of convertible debentures into 21,200,000 shares, and convert C$838,208 of accrued interest into 3,352,832 shares. B2Gold also agreed to forgive US$4,414,054 of remaining debt. After the Transactions, B2Gold will hold 108,726,290 shares (≈36.93%) of a total 294,423,604 outstanding shares and the company will be debt-free.
The Debt Settlement and interest conversion have conditional TSXV approval pending a final bulletin expected on December 23, 2025.
BeMetals (TSXV:BMET / OTCQB:BMTLF) engaged WIN Expertise, operated by Suzette Ramcharan, to provide investor relations and corporate communications services, subject to TSX Venture Exchange acceptance.
The engagement runs for an initial six months at $6,000 per month, payable from working capital, with the company able to continue monthly thereafter. WIN is stated to be at arm's length and holds no interest in the company or its securities.
Separately, Derek Iwanaka, Vice President, Investor Relations and Corporate Development, resigns effective November 30, 2025.