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Arya Resources (TSXV: RBZ) has completed the early exercise of its option to acquire a 100% interest in the Wedge Lake Gold Project in Saskatchewan’s La Ronge Gold Belt. To conclude the acquisition under the October 24, 2022 Option Agreement, as amended June 18, 2025, Arya paid the remaining $30,000 in cash ahead of schedule and issued 500,000 common shares to North-Sask Ventures.
Having met all cash and share obligations, Arya now owns the project outright, while North-Sask retains a 2.5% net smelter returns royalty (NSR). Arya holds the right to buy back 1.0% of the NSR for $1,000,000 before certain milestones, which would reduce the NSR to 1.5%. The 500,000 shares issued are subject to a statutory hold period of four months and one day from issuance.