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Harfang (OTC:HRFEF) signed a Definitive Option Agreement with Fancamp to advance exploration at the wholly owned Egan Project in Ontario's Abitibi Greenstone Belt on November 12, 2025. Under the Agreement, and subject to TSXV approval, Fancamp may earn up to an 80% interest by funding $4,000,000 in exploration over four years and making cash and share payments to Harfang totaling a minimum of $100,000 and up to $200,000 over three years.
Fancamp can earn an initial 40% over two years by funding $1,500,000 and paying $100,000 (50% cash/50% shares). If Harfang exercises an option, a 51%/49% JV structure can apply; otherwise Fancamp may complete a second option by funding an additional $2,500,000 and making further $100,000 in payments. Fancamp will be operator and a high-resolution magnetic survey is planned for fall with fieldwork in spring.
