Puma Exploration Announces Ongoing Commitment from Kinross Gold Corporation
Puma Exploration (OTCQB: PUMXF) announced that Kinross Gold Corporation has committed to Year 2 of its Option Agreement on the Williams Brook Project in northern New Brunswick.
Year 2 includes a minimum $3.0M work commitment (pending Kinross board approval). Under the Option Agreement, Kinross may earn a 65% interest by funding at least $16,750,000 in exploration over five years. The Williams Brook package totals 40,225 ha. Kinross will act as operator for the second-year program and Puma said final budget and program details will be announced after technical committee confirmation.
Puma Exploration (OTCQB: PUMXF) ha annunciato che Kinross Gold Corporation si è impegnata nel Secondo Anno del suo Accordo di Opzione sul Progetto Williams Brook nel nord del New Brunswick. Il Secondo anno include un impegno minimo di lavoro di 3,0 milioni di dollari (in attesa dell'approvazione del consiglio di Kinross). Sotto l'Accordo di Opzione, Kinross può ottenere un 65% di interesse finanziando almeno 16.750.000 $ in esplorazione nell'arco di cinque anni. Il pacchetto Williams Brook totalizza 40.225 ha. Kinross agirà come operatore per il programma del secondo anno e Puma ha detto che il budget finale e i dettagli del programma saranno annunciati dopo la conferma del comitato tecnico.
Puma Exploration (OTCQB: PUMXF) anunció que Kinross Gold Corporation se ha comprometido con el Segundo Año de su Acuerdo de Opción sobre el Proyecto Williams Brook en el norte de New Brunswick. El Segundo año incluye un compromiso mínimo de trabajo de 3,0 millones de dólares (pendiente de la aprobación de la junta de Kinross). Bajo el Acuerdo de Opción, Kinross puede obtener un 65% de interés al financiar al menos 16,750,000 $ en exploración durante cinco años. El paquete Williams Brook totaliza 40,225 ha. Kinross actuará como operador para el programa del segundo año y Puma dijo que el presupuesto final y los detalles del programa serán anunciados tras la confirmación del comité técnico.
Puma Exploration (OTCQB: PUMXF)은 Williams Brook 프로젝트(노스 노바 스코티아 주)에서 옵션 계약의 2년차를 Kinross Gold Corporation이 약속했다고 발표했습니다. 2년차에는 최소 3.0백만 달러의 작업 약정이 포함되며( Kinross 이사회 승인을 대기 중). 옵션 계약에 따라 Kinross는 5년간 최소 16,750,000 달러를 탐사에 자금을 지원해 65%의 지분을 얻을 수 있습니다. Williams Brook 패키지는 총 40,225 ha입니다. Kinross는 2년차 프로그램의 운영자로 활동하며 Puma는 기술 위원회 확인 후 최종 예산과 프로그램 세부 사항이 발표될 것이라고 말했습니다.
Puma Exploration (OTCQB: PUMXF) a annoncé que Kinross Gold Corporation s'est engagée dans la deuxième année de son accord d'option sur le projet Williams Brook dans le nord du Nouveau-Brunswick. La deuxième année comprend un engagement de travail minimum de 3,0 M$ (sous réserve de l'approbation du conseil de Kinross). En vertu de l'accord d'option, Kinross peut détenir 65% d'intérêts en finançant au moins 16 750 000 $ en exploration sur cinq ans. Le paquet Williams Brook totalise 40 225 ha. Kinross agira comme opérateur pour le programme de la deuxième année et Puma a déclaré que le budget final et les détails du programme seront annoncés après la confirmation du comité technique.
Puma Exploration (OTCQB: PUMXF) gab bekannt, dass Kinross Gold Corporation sich zur zweiten Jahr ihres Optionsvertrags für das Williams Brook-Projekt im Norden von New Brunswick verpflichtet hat. Das zweite Jahr umfasst eine Mindestarbeitsverpflichtung von 3,0 Mio. USD (vorbehaltlich der Genehmigung durch den Kinross-Vorstand). Gemäß dem Optionsvertrag kann Kinross durch die Finanzierung von mindestens 16.750.000 USD in Explorationen über fünf Jahre 65% Anteil erwerben. Das Williams Brook-Paket umfasst 40.225 ha. Kinross wird als Betreiber für das Programm des zweiten Jahres fungieren, und Puma sagte, dass Budget und Programmdetails nach der Bestätigung durch den technischen Ausschuss bekannt gegeben werden.
Puma Exploration (OTCQB: PUMXF) أعلنت أن Kinross Gold Corporation قد التزمت بـ السنة الثانية من اتفاقية الخيار الخاصة بمشروع Williams Brook في شمال نيو برونزويك. تُضمّن السنة الثانية التزام عمل لا يقل عن 3.0 مليون دولار (قابل للموافقة من مجلس Kinross). بموجب اتفاقية الخيار، يمكن لـ Kinross أن تحصل على 65% من الحصة من خلال تمويل لا يقل عن 16,750,000 دولار في الاستكشاف خلال خمس سنوات. تبلغ حزمة Williams Brook 40,225 هكتارًا. ستعمل Kinross كمشغّل للبرنامج في السنة الثانية وقالت Puma إن الميزانية النهائية وتفاصيل البرنامج ستعلن بعد تأكيد اللجنة الفنية.
Puma Exploration (OTCQB: PUMXF) 宣布 Kinross Gold Corporation 已承诺在新不伦瑞克省北部 Williams Brook 项目中的 第二年 的期权协议。第二年 包含一个 最低3.0百万美元的工作承诺（待 Kinross 董事会批准）。根据期权协议，Kinross 通过在五年内至少资助 16,750,000 美元 进行勘探，可获得 65% 的权益。Williams Brook 组合总计 40,225 公顷。Kinross 将担任第二年项目的运营方，Puma 表示在技术委员会确认后将公布最终预算和计划细节。
- Kinross committed to Year 2 with a $3.0M minimum work commitment
- Option allows Kinross to earn 65% by funding $16.75M over five years
- Williams Brook project spans 40,225 ha
- Kinross to be operator for Year 2 exploration
- Year 2 work commitment is pending Kinross board approval
- Final Year 2 budget and program are not yet defined
- If Kinross completes the option it would reduce Puma to 35% ownership
Rimouski, Québec--(Newsfile Corp. - October 27, 2025) - Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that Kinross Gold Corporation ("Kinross") has committed to year 2 of its Option Agreement on the Williams Brook Project, located in Northern New Brunswick, Canada. Following the successes of the ongoing exploration program, this renewed strategic commitment highlights the potential of the Williams Brook Gold Project. Year 2 of the Option Agreement includes a minimum of
The Williams Brook Project (40,225 ha), optioned to Kinross Gold Corporation (see October 24, 2024 News Release), comprises the Williams Brook, Jonpol and the Portage Properties. Under the terms of the Option Agreement, Kinross has, subject to certain conditions, the option to earn a
Puma's President and CEO Marcel Robillard stated, "The continued support from Kinross validates the potential of our Williams Brook Project. With a strong balance sheet, we are well-positioned to accelerate exploration and unlock the next wave of discovery across our properties."
About Puma's Assets in New Brunswick
Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located close to roads and infrastructure in Northern New Brunswick, including the Williams Brook Project and the new McKenzie Gold Project. Both are located near the Rocky Brook Millstream Fault ("RBMF"), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma's work to date has focused on the Williams Brook property, but prospecting and surface exploration work on its other properties have confirmed their potential for significant gold mineralization.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company focused on identifying and developing a pipeline of precious metals projects in New Brunswick, near Canada's Renowned Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years.
Puma's successful exploration methodology, which combines traditional prospecting methods with detailed trenching and cutting-edge technologies such as Artificial Intelligence, has been instrumental in understanding the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data, and consultants' expertise, Puma has developed a cost-effective exploration tool to discover gold at shallow depths and maximize drilling results.
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Visit www.explorationpuma.com for more information or contact:
Marcel Robillard, President and CEO.
(418) 750-8510; president@explorationpuma.com
Mia Boiridy, Head of Investor Relations and Director.
(250) 575-3305; mboiridy@explorationpuma.com
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.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271836
FAQ
What did Puma announce on October 27, 2025 regarding the Williams Brook Project (PUMXF)?
How can Kinross earn a 65% interest in the Williams Brook Project (PUMXF)?
What is the size of the Williams Brook Project optioned by Kinross (PUMXF)?
Will Kinross operate the Year 2 program at Williams Brook (PUMXF)?
Is the Year 2 $3M work commitment for Williams Brook final (PUMXF)?
How does the Kinross option affect Puma shareholders (PUMXF)?
