Gordon Mining Group (GSPFD) signed a definitive agreement with Lamina Minerals to acquire full ownership of the Tungsten Tail Project in New Mexico. The acquisition covers TT Minerals, which holds 41 claims spanning approximately 847 acres. Closing consideration is C$125,000 and 1,500,000 common shares, with additional cash or shares tied to permitting, drilling and resource milestones. Lamina will retain a 2.0% net smelter returns royalty; Gordon may repurchase half for US$1,000,000.
After closing, Gordon plans mapping, sampling, geophysical surveys and drill-permit applications to prepare drilling targets. Historical production and sampling data remain unverified by a Qualified Person, and no mineral resource has been estimated. Specific drill targets have not yet been defined. The corresponding transfer of claim interests with the U.S. Bureau of Land Management remains pending.