T2 Metals Gains Regulatory Approval for Acquisition of Shanghai Gold-Silver Project, Yukon
T2 Metals (OTCQB: TWOSF) announced it has received all regulatory approvals and closed its option to earn a 100% interest in the 27.4 sq km Shanghai gold-silver project in Yukon on October 16, 2025.
Consideration comprised 300,000 shares issued and $50,000 cash payments; shares are subject to a four-month hold period from October 10, 2025. The project lies in the Tombstone Gold Belt, ~12 km west of Keno Hill and within 10 km of multiple NI 43-101 resource-stage gold projects. The property has no prior drilling but holds a Class 3 permit that enables drilling, road work and camp installation. The land is within the Na-cho Nyak Dun traditional territory.
T2 Metals (OTCQB: TWOSF) ha annunciato di aver ottenuto tutte le approvazioni regolamentari e di aver chiuso l'opzione per acquisire un 100% dell'interesse nel progetto di oro-argento di 27,4 km² a Shanghai nello Yukon il 16 ottobre 2025.
La controparte è consistita in 300.000 azioni emesse e pagamenti in contanti di 50.000 dollari; le azioni sono soggette a un periodo di lock-up di quattro mesi a partire dal 10 ottobre 2025. Il progetto si trova nel Tombstone Gold Belt, a circa 12 km a ovest di Keno Hill e entro 10 km da numerosi progetti auriferi in fase di risorsa secondo NI 43-101. La proprietà non ha perforazioni precedenti ma detiene un permesso di Classe 3 che consente perforazioni, lavori stradali e installazione del campo. Il terreno è all’interno del territorio tradizionale Na-cho Nyak Dun.
T2 Metals (OTCQB: TWOSF) anunció que ha recibido todas las aprobaciones regulatorias y cerró su opción para adquirir un 100% de interés en el proyecto de oro y plata de 27,4 km² en Shanghai, Yukon, el 16 de octubre de 2025.
La contraprestación consistió en 300.000 acciones emitidas y pagos en efectivo de 50.000 dólares; las acciones están sujetas a un periodo de bloqueo de cuatro meses desde el 10 de octubre de 2025. El proyecto se halla en la Tombstone Gold Belt, a ~12 km al oeste de Keno Hill y dentro de 10 km de múltiples proyectos de oro en fase de recurso según NI 43-101. La propiedad no tiene perforaciones previas, pero posee un permiso de Clase 3 que permite perforación, trabajos viales y la instalación del campamento. La tierra se encuentra dentro del territorio tradicional Na-cho Nyak Dun.
T2 Metals(OTCQB: TWOSF)는 2025년 10월 16일 규제 승인을 모두 받아 샤하이 골드-실버 프로젝트(27.4km², 야콤)에 대한 100% 지분 취득 옵션을 행사하고 종료했다고 발표했다.
대가로 발행된 주식 30만 주와 현금 5만 달러의 현금 지급이 포함되며; 주식은 2025년 10월 10일부터 4개월 간 거Hold(잠금) 기간이 적용된다. 프로젝트는 Tombstone 골드 벨트에 위치하며 Keno Hill에서 서쪽으로 약 12km 떨어져 있고 NI 43-101에 따른 리소스 단계의 여러 골드 프로젝트에서 10km 이내에 있다. 이 부지는 이전 시추 없음을 보유하지만 시추, 도로 작업, 캠프 설치를 허용하는 Class 3 허가를 보유하고 있다. 토지는 Na-cho Nyak Dun 전통 영토 내에 있다.
T2 Metals (OTCQB: TWOSF) a annoncé avoir reçu toutes les approbations réglementaires et avoir conclu son option pour détenir un intérêt de 100% dans le projet d'or et d'argent de Shanghai, d'une superficie de 27,4 km², dans le Yukon, le 16 octobre 2025.
La contrepartie comprenait 300 000 actions émises et des paiements en espèces de 50 000 dollars; les actions sont soumises à une période de blocage de quatre mois à compter du 10 octobre 2025. Le projet se situe dans la Tombstone Gold Belt, à environ 12 km à l'ouest de Keno Hill et à moins de 10 km de plusieurs projets d'or à l'étape ressource NI 43-101. La propriété n'a pas de forages prévus mais possède un permis de Classe 3 qui autorise le forage, les travaux routiers et l'installation du camp. La terre se situe dans le territoire traditionnel Na-cho Nyak Dun.
T2 Metals (OTCQB: TWOSF) gab bekannt, dass alle behördlichen Genehmigungen vorliegen und dass man die Option zum Erwerb eines 100%igen Anteils am 27,4 km² großen Shanghai-Gold-Silber-Projekt in Yukon am 16. Oktober 2025 abgeschlossen hat.
Die Gegenleistung bestand aus 300.000 ausgegebenen Aktien und baren Zahlungen in Höhe von 50.000 USD; die Aktien unterliegen einer Vier-Monats-Haltefrist ab dem 10. Oktober 2025. Das Projekt liegt im Tombstone Gold Belt, ca. 12 km westlich von Keno Hill und innerhalb von 10 km von mehreren NI 43-101-Resource-Goldprojekten. Das Grundstück hat keine früheren Bohrungen, verfügt jedoch über eine Class-3-Lizenz, die Bohren, Straßenbau und Campaufbau ermöglicht. Das Land befindet sich im traditionellen Gebiet der Na-cho Nyak Dun.
T2 Metals (OTCQB: TWOSF) أعلن أنه تلقّى جميع الموافقات التنظيمية وأغلق خيار الحصول على 100% من الفائدة في مشروع ذهب-فضة شانغهاي الذي تبلغ مساحته 27.4 كم² في يوكون في 16 أكتوبر 2025.
التعويض شمل 300,000 سهم مُصدَر و دفعات نقدية بقيمة 50,000 دولار؛ الأسهم تخضع لفترة حظر مدتها أربعة أشهر اعتباراً من 10 أكتوبر 2025. يقع المشروع في حزام Tombstone Gold، على مسافة تقريبية 12 كم غرب Keno Hill وضمن 10 كم من عدة مشاريع ذهب في مرحلة الموارد وفق NI 43-101. لا توجد حفر سابقة في الملكية لكنها تحمل ترخيص من الفئة 3 يسمح بالحفر، وأعمال الطرق وتثبيت المعسكر. الأرض ضمن أراضي Na-cho Nyak Dun التقليدية.
- Closed option to earn 100% interest in 27.4 sq km project
- Issued 300,000 shares and paid $50,000 cash to complete option
- Project includes a Class 3 permit enabling drilling and camp
- Located 12 km from Keno Hill and near multiple NI 43-101 projects
- The Shanghai project has no prior drilling, increasing exploration risk
- Share issuance and cash payment represent immediate dilution and cash outflow
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A3DVMD) ("T2 Metals" or the "Company") is pleased to announce that all regulatory approvals have been received, and the Company has closed on its option to earn a
A total of 300,000 shares were issued and cash payments totalling
The Shanghai project sits in the Mayo Mining District (Figure 1), 12 km west of Hecla Mining's Keno Hill silver mine with road access within 5km, and Banyan Gold's AurMac camp only 6km away. Shanghai lies in the Tombstone Gold Belt within 10km of multiple resource-stage gold projects as reported within NI43-101 compliant technical reports since 2022 (see resource information pertaining to the Eagle, Olive, Raven, Airstrip and Powerline projects in Table 1 and www.sedarplus.ca for supporting technical reports).
Recent exploration of the Tombstone Gold Belt by Snowline Gold Corp (Valley project), Sitka Gold Corp (RC Gold project), Banyan Gold Corp (AurMac project) and Sanatana Resources Inc have highlighted the potential for major new gold discoveries and value creation.
Mark Saxon, CEO of T2 Metals Corp., said: "We are very pleased to have secured this exciting gold and silver project in a region delivering many significant discoveries and during a time of a strengthening mining markets. Our partnership with Shawn Ryan, who has joined our Advisory Board, places us near the forefront of Yukon exploration."
From 2004, Shawn Ryan staked the areas surrounding the historical Shanghai Silver Mine, identifying overlapping potential for intrusion-related gold and high-grade silver. Shawn Ryan applied the techniques utilised during his discovery of the White Gold and Coffee deposits and collected more than 4,000 auger soil samples. This sample data defined areas of high gold-antimony-bismuth, an association that correlates well to the intrusion-related gold deposits being explored by Banyan Gold Corp, Sitka Gold Corp and Snowline Gold Corp; and areas of high silver-lead which correlates to Keno Hill style mineralization.
The Shanghai project has no prior drilling but includes a Class 3 permit enabling drilling, road construction and installation of a camp.
The project is located within the traditional territory of the Na-cho Nyak Dun First Nation, which has settled its land claim, and is a self-governing first nation.
Figure 1: Regional Location of the Shanghai Project, Yukon Territory, Canada.
See Table 1 for additional information on resource-stage projects and supporting NI43-101 report references.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/270617_1545b97594432ba8_002full.jpg
| Project | EFFECTIVE DATE | Author | Report For | Tonnes (M) | Au (g/t) | Contained Gold | Status |
| Brewery Creek | 18/01/2022 | Cook. C. et al., 2022. | Sabre Gold Mines Corp | 34.5 | 1.03 | 1.142 M oz | Measured & Indicated |
| 36.0 | 0.88 | 1.018 M oz | Inferred | ||||
| Report Title: Preliminary Economic Assessment. NI 43-101 Technical Report on the Brewery Creek Project Yukon Territory, Canada | |||||||
| Eagle (Dublin Gulch) | 31/12/2022 | Harvey, N., 2022 | Victoria Gold Corp | 233.2 | 0.57 | 4.303 M oz | Measured & Indicated |
| 36.2 | 0.62 | 0.724 M oz | Inferred | ||||
| Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada | |||||||
| Olive (Dublin Gulch) | 31/12/2022 | Harvey, N., 2022 | Victoria Gold Corp | 11.6 | 0.97 | 0.361 M oz | Measured & Indicated |
| 5.5 | 1.17 | 206,479 | Inferred | ||||
| Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada | |||||||
| Raven (Dublin Gulch) | 15/09/2022 | Jutras, M., 2022. | Victoria Gold Corp | 19.9 | 1.67 | 1.071 M oz | Inferred |
| Report Title: Technical Report On The Raven Mineral Deposit, Mayo Mining District Yukon Territory, Canada | |||||||
| Blackjack (RC Gold) | 21/01/2025 | Simpson. R., 2025 | Sitka Gold Corp | 39.9 | 1.01 | 1.298 M oz | Indicated |
| 34.6 | 0.94 | 1.045 M oz | Inferred | ||||
| Report Title: Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory | |||||||
| Eiger (RC Gold) | 19/01/2023 | Simpson. R., 2025 | Sitka Gold Corp | 27.4 | 0.5 | 0.440 M oz | Inferred |
| Report Title: Clear Creek Property, RC Gold Project. NI 43-101 Technical Report. Dawson Mining District, Yukon Territory | |||||||
| Airstrip (AurMac) | 28/06/2025 | Jutras, M., 2025 | Banyan Gold Corp | 27.7 | 0.69 | 0.614 M oz | Indicated |
| 10.1 | 0.75 | 0.244 M oz | Inferred | ||||
| Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada | |||||||
| Powerline (AurMac) | 28/06/2025 | Jutras, M., 2025 | Banyan Gold Corp | 84.8 | 0.61 | 1.663 M oz | Indicated |
| 270.4 | 0.60 | 5.216 M oz | Inferred | ||||
| Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada | |||||||
| Florin | 6/04/2025 | Simpson. R., 2021 | St. James Gold Corp. | 170.9 | 0.45 | 2.474 M oz | Inferred |
| Report Title: Florin Gold Project. NI 43-101 Technical Report. Mayo and Dawson Mining Districts, Yukon Territory | |||||||
| Valley (Rouge) | 15/05/2025 | Burrell. H. et al., 2024 | Snowline Gold Corp | 75.8 | 1.66 | 4,047 M oz | Indicated |
| 81.0 | 1.25 | 3.256 M oz | Inferred | ||||
| Report Title: Rogue Project. NI 43-101 Technical Report and Mineral Resource Estimate. Yukon Territory, Canada | |||||||
Table 1: Gold Deposits in the Tombstone Gold Belt with NI43-101 References
About T2 Metals Corp (TSXV: TWO) (OTCQB: TWOSF) (WKN: A3DVMD)
T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. T2 is focused on the Sherridon Project in Manitoba, the Shanghai Project in the Yukon, and the Cora Project in Arizona.
Shanghai, Yukon: a newly acquired gold and silver project in the Tombstone Gold Belt, close to the key assets of Banyan Gold Corp, Sitka Gold Corp, and Snowline Gold Corp.
Sherridon, Manitoba: a famous mining camp in the Flin Flon Greenstone Belt that includes two former mines and five historical copper resources. Sherridon lies only 70km from HudBay Minerals prolific Lalor gold mine.
Cora, Arizona: a porphyry copper target within the heart of the Arizona copper belt, that includes thick intersections of oxide copper in holes in past drilling, and a compelling geophysical anomaly.
ON BEHALF OF THE BOARD,
| "Mark Saxon" Mark Saxon President & CEO | For further information, please contact: t2metals.com 1 (604) 685-93161305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7 info@t2metals.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.
Cautionary Note Regarding Forward-Looking Statements
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-looking information in this press release include statements regarding the potential exercise of the Option and obtaining regulatory approval for the Option, and future exploration plans for the Company on the Shanghai project. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. Such risks include uncertainties relating to exploration activities; risks in obtaining regulatory approval; the impact of exploration competition; unexpected geological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market risks. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270617
FAQ
What did T2 Metals (TWOSF) announce on October 16, 2025 about the Shanghai project?
Does the Shanghai project have drilling permits for T2 Metals (TWOSF)?
How close is T2 Metals' Shanghai project to major Yukon camps and mines (TWOSF)?
What are the immediate shareholder effects of the TWOSF option closing?
Has T2 Metals (TWOSF) conducted drilling at Shanghai yet?
