Catalyst One Exploration (CTXCF) has agreed to acquire the BC REE Property from LIRECA Resources for $870,000 in cash and shares. The purchase covers a 100% interest in eight mineral claims spanning 6,164 hectares northeast of Prince George, British Columbia. Consideration comprises $300,000 cash and 3,800,000 shares at a deemed $0.15 each, plus a 3% net smelter returns royalty, a payment tied to mineral sales after specified costs. Closing requires TSX Venture Exchange acceptance.
Exploration completed in 2025 identified geophysical targets that may represent carbonatite intrusions. The highest soil sample returned 0.869% total rare earth oxides and 478 ppm niobium; two rock samples returned background values. Soil results are not necessarily representative of underlying bedrock. Follow-up recommendations include resampling and trenching. LIRECA is expected to own approximately 15.3% of outstanding shares after completion.