(All amounts expressed in Canadian dollars unless otherwise stated)
ROUYN-NORANDA, QC, Sept. 4, 2025 /CNW/ – Fokus Mining Corporation (“Fokus” or the “Company“) (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is pleased to announce that it has successfully closed the transaction previously announced on August 12, 2025, with Visible Gold Mines Inc. (“Visible Gold“) (TSXV: VGD) to acquire a 100% interest in six properties, namely the Cadillac Break, Lucky Break, Silidor, Stadacona-East, Wasa Creek, and Wasa East projects, and a 40% interest in one property, the Capricorn project, all located along the Cadillac-Larder Lake Fault near the town of Rouyn-Noranda in the province of Québec, Canada (collectively, the “Properties“).
Transaction Terms
Pursuant to the asset purchase agreement dated August 11, 2025, Fokus has acquired the Properties for total consideration of approximately $3.0 million, consisting of:
- An amount of $750,000 paid in…
