Decade Resources Announces Termination of Sale of Interests in Red Cliff and Premier East Properties to Mabel Ventures Inc.

Rhea-AI Summary

Decade Resources (TSXV: DEC) announced that Mabel Ventures has terminated the previously announced transaction to acquire Decade's mining interests. The terminated deal included the sale of a 65% interest in the Red Cliff property and a 100% interest in the Premier East property, both located in British Columbia's Skeena mining division.

The termination comes after Mabel Ventures cited permitting issues related to the Red Cliff property, despite Decade having received conditional approval from the TSX Venture Exchange for the transaction. The original agreement was dated August 5, 2025, and announced on August 6, 2025.

Positive

• None.

Negative

• Failed sale of 65% interest in Red Cliff property and 100% interest in Premier East property
• Transaction termination due to Red Cliff property permitting issues

News Market Reaction – DECXF

+5.00%

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+5.00% News Effect

On the day this news was published, DECXF gained 5.00%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Stewart, British Columbia--(Newsfile Corp. - September 15, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the "Company") announces that Mabel Ventures Inc. ("Mabel") has provided the Company with a notice of termination in connection with the previously announced arm's length transaction (the "Transaction") between Mabel and the Company pursuant to a definitive purchase agreement dated August 5, 2025 (the "Agreement"). The Transaction was previously announced in a press release dated August 6, 2025.

Under the terms of the Agreement, Decade agreed to sell to Mabel a 65% interest in the Red Cliff property and a 100% interest in the Premier East property, both located in the Skeena mining division of British Columbia.

The Company had received conditional approval of the TSX Venture Exchange for the Transaction. The Transaction was terminated by Mabel due to permitting issues relating to the Red Cliff property.

About Decade Resources Ltd.

Decade is a Canadian-based mineral exploration company actively seeking opportunities in the resource sector. The Company holds numerous properties at various stages of development and exploration, ranging from grassroots to advanced projects, all located in the Golden Triangle area of northwestern British Columbia.

For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"
Ed Kruchkowski, President

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266382

FAQ

Why did Mabel Ventures terminate the acquisition of Decade Resources' mining properties in September 2025?

Mabel Ventures terminated the transaction due to permitting issues specifically related to the Red Cliff property.

What properties were included in the terminated Decade Resources (TSXV: DEC) sale agreement?

The agreement included a 65% interest in the Red Cliff property and a 100% interest in the Premier East property, both located in the Skeena mining division of British Columbia.

When was the original sale agreement between Decade Resources and Mabel Ventures announced?

The original sale agreement was dated August 5, 2025 and was announced on August 6, 2025.

Did Decade Resources receive regulatory approval for the Mabel Ventures transaction?

Yes, Decade Resources had received conditional approval from the TSX Venture Exchange for the transaction before its termination.