Zeus North America Mining Corp. Signs Option Agreement to Acquire Mining Claims in Idaho
Rhea-AI Summary
Zeus North America Mining (OTCQB:ZUUZF) signed an option agreement to acquire a 100% interest in patented mining claims in Butte County, Idaho.
The deal involves staged cash payments over five years, an early US$500,000 payment option, and a 2% NSR royalty to the vendor.
Positive
- Option to acquire 100% interest in Idaho patented mining claims
- Flexible staged payments over five years for claim acquisition
- Early US$500,000 lump-sum option to satisfy all option payments
- Right to buy back 1% of NSR royalty for US$1,000,000
Negative
- Future cash commitments scheduled through the fifth anniversary date
- Granting a 2% net smelter returns royalty on the claims to Baker
News Market Reaction – ZUUZF
In the Jun 26 session, ZUUZF gained 6.84%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / June 25, 2026 / ZEUS NORTH AMERICA MINING CORP. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (THE "COMPANY" OR "ZEUS") is pleased to announce it has signed an option agreement (the "Option Agreement") to acquire a
Terms of the Option Agreement:
Subject to Canadian Securities Exchange approval, Gary Baker ("Baker") will grant, Zeus' wholly-owned subsidiary, CJ-1 LLC the sole and exclusive right to acquire a
US
$15,000 upon the signing of the Option Agreement;US
$25,000 six months following the date of the Option Agreement;US
$40,000 on or before the first anniversary of the date of the Option Agreement;US
$40,000 on or before the second anniversary of the date of the Option Agreement;US
$50,000 on or before the third anniversary of the date of the Option Agreement;US
$50,000 on or before the fourth anniversary of the date of the Option Agreement;A final payment of US
$530,000 on or before the fifth anniversary of the date of the Option Agreement.
If all cash payments have been made within the five year option period, CJ-1 LLC will be deemed to have acquired a
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Dean Besserer, P.Geo., the President & CEO for the Company and Qualified Person as defined in NI 43-101.
On behalf of the board of directors.
"Dean Besserer"
President and CEO
For more information, please contact the Company at info@zeusminingcorp.com
Phone: +1 (604) 684-6730
About Zeus North America Mining Corp.
The Company is in the business of mineral exploration. The Company is focused on its exploration properties in the state of Idaho known as the: Cuddy Mountain; Selway; and Great Western properties, respectively. The Idaho properties consist of 101 (Cuddy Mountain), 57 (Selway) and 38 (Great Western) lode mining claims respectively and cover a cumulative area of approximately 4,200 acres. The Company's flagship Cuddy Mountain Property is adjacent to Hercules Metal Corp's Leviathan Copper Porphyry discovery. More recently, the Company entered into an option agreement to acquire a
Forward Looking Statements
When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this news release include, amongst others, the Company's exploration plans. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements or implied by such forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions.
The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Zeus North America Mining Corp.
View the original press release on ACCESS Newswire