Fox River Resources Issues Shares to CLFN for Exploration Agreement

Fox River Resources Corporation, a Toronto-based company listed on the CSE as FOX, has announced the issuance of 1,500,000 common shares to Constance Lake First Nation. This transaction is part of an exploration agreement between Fox River and CLFN. The issuance of these shares, known as the Consideration Shares, is linked to the anticipated completion of a plan of arrangement with Avenir Minerals Limited. This arrangement is expected to finalize on July 2, 2026.

Under the terms of the exploration agreement, the shares are issued upon a change of control of the company. Fox River Resources holds a 100% interest in the Martison Phosphate Project, located near Hearst, Ontario. This project is structured as a vertically integrated operation aimed at providing domestic supplies of phosphate fertilizers and PPA for the LFP battery industry.