The Canadian exploration company Dark Star Minerals Inc. (CSE: BATT / Frankfurt: P0W) has signed an amendment to the purchase agreement for the Bleasdell Project. This further specifies the full acquisition of the project, which will be 100% owned by the company.
CEO Marc Branson commented:
“We are very pleased to be nearing the completion of this acquisition. The Bleasdell Project is an important step in our strategy to build a strong portfolio of critical minerals. We see this as a significant milestone on our path to creating long-term value for our shareholders.”
Key Contract Terms
The amended agreement between Dark Star Minerals and the sellers Evan Bell and David Langlais (collectively, the “Sellers”) provides for total consideration of CAD 200,000 in cash and 6.5 million shares.
Cash Payments:
- CAD 25,000 has already been paid in March 2025 (following the Letter of Intent).
- An additional CAD 75,000 will be due within 15 days of receiving Exchange Acceptance.
- The final CAD 100,000 will follow six months after the signing of the amended agreement (October 15, 2025).
Share Component:
- 5,000,000 shares will be issued within 15 days of receiving Exchange Acceptance (already completed).
- An additional 1,500,000 shares will be issued six months after signing.
In addition, the Sellers will receive a 2.0% Net Smelter Return (NSR) royalty on the Bleasdell Project.
All amendments remain subject to approval by the Canadian Securities Exchange (CSE). Until final approval, the original agreement remains in effect.
Transaction Status
As of the date of this release, Dark Star has already paid CAD 200,000 in cash and issued 5 million shares.
The securities are subject to a statutory hold period of four months and one day.
Further details on the Bleasdell Project and previous steps can be found in the press releases dated April 1, April 22, May 8, and June 3, 2025, available via the company’s profile on SEDAR+.
Clarification on Option Grant
Dark Star Minerals also clarified that the 3,000,000 stock options granted on October 14, 2025, were granted at an exercise price of CAD 0.07 per share – not CAD 0.05, as previously misstated.
The options are immediately exercisable, expire in three years, and are also subject to the four-month hold period.
Conclusion: With the impending completion of the Bleasdell acquisition, Dark Star Minerals secures another important building block in its growing portfolio of strategic raw material projects.
The company thus strengthens its position in an increasingly competitive market for critical minerals – a step that holds both geostrategic and economic significance.
