VANCOUVER, BC, August 22, 2025 – Badlands Resources Inc. (TSXV: BLDS, FSE: B7Q) (“Badlands” or the “Company”) announces that it has entered into an option agreement (the “Agreement”) with an arm’s length party (the “Optionor”) to acquire mineral claims located in Thunder Bay, Ontario, and known as the Rett Property (the “Property”). The Property is located in the Onion Lake area of the Thunder Bay Mining Division, in northwestern Ontario, approximately 31 kilometres northeast of the city of Thunder Bay (Figure 1). The Property is comprised of 91 contiguous unpatented mining claims covering 1,950 hectares and is accessible via Highway 527 and logging roads. Historic work in the surrounding district has outlined potential for platinum group metals, copper, nickel, and rare-element pegmatites hosting lithium, tantalum, and rubidium.
Figure 1. Rett Property located in the Thunder Bay Mining Division, Northwestern Ontario.
Pursuant to the terms of the Agreement, the Company will issue to the Optionor 200,000 common shares upon receipt of acceptance of the Agreement by the TSX Venture Exchange. In the event the Company issues a technical report in accordance with National Instrument 43-101 (“NI 43-101”) over any or all of the Property that demonstrates “mineral resources” (as defined in NI 43-101) of at least 250,000 ounces of gold equivalent mineralization, the Company will issue 2,000,000 common shares to the Optionor.
The above transaction is subject to the acceptance of the TSX Venture Exchange.
On Behalf of the Board of Directors
BADLANDS RESOURCES INC.
R. Dale Ginn, President and CEO
For further information, please contact:
R. Dale Ginn
Tel: 604-678-5308 | dale@rsdcapital.com
Or visit our website: www.badlandsresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. The words “anticipate,” “significant,” “expect,” “may,” “will” and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information in this news release includes, but is not limited to, statements with respect to the possible lapse of the acquisition and the termination of the Agreement. Forward-Looking Information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, assumptions that general business and economic conditions will not change in a materially adverse manner and all requisite information will be available in a timely manner. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, risks related to unforeseen delays, general economic, market or business conditions, regulatory changes, timeliness of regulatory approvals, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise financing. Readers are cautioned not to place undue reliance on this Forward-Looking Information. The Company does not assume the obligation to revise or update this Forward-Looking Information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.