Earthwise Minerals Extends Iron Range Gold Project Option

Earthwise Minerals Corp. has secured a six-month extension on its option agreement for the Iron Range Project in British Columbia. The extension requires Earthwise to issue 100,000 common shares to Eagle Plains Resources. The first-year commitment is now due by August 26, 2026.

The option agreement comprises two phases, allowing Earthwise to acquire up to an 80% interest in the project. The first phase involves payments and expenditures totaling CA$250,000, issuing 1.5 million shares, and funding exploration with CA$4 million over four years for a 70% interest. The second phase offers an additional 10% interest through a CA$1 million payment and a feasibility study.

Located near Creston, the Iron Range Project benefits from significant infrastructure, enhancing its exploration potential. Earthwise has granted options to purchase shares to executives and announced a change in management with the resignation of VP George Yordanov.