VANCOUVER, BC, June 2, 2025 – Badlands Resources Inc. (TSXV: BLDS, FSE: B7Q) (“Badlands” or the “Company”) announces that it has entered into an option agreement (the “Agreement”) with Firetail Resources Limited (ASX: FTL) (“Firetail”), an Australian exploration and development company listed on the Australian Securities Exchange, pursuant to which Badlands has granted to Firetail an option (the “Option”) to acquire certain mineral claims comprising the Company’s Bella Project located in South Dakota, United States (the “Claims”), subject to the completion of due diligence and the satisfaction of customary closing conditions.
Pursuant to the terms of the Agreement, Firetail will have 45 days from the date on which the Agreement was executed to complete a due diligence review of Badlands and the Claims. If Firetail is not satisfied with its due diligence review, and the Company cannot cure the reasons for which Firetail is not satisfied with its due diligence review with a 15-day cure period, the Option will lapse, and the Agreement will terminate.
If Firetail is satisfied with its due diligence review, it may exercise the Option to acquire the Claims, subject to the satisfaction of customary closing conditions and the approval of the TSX Venture Exchange.
About Badlands
Badlands, through its wholly owned subsidiary, is a gold focused exploration company in the Black Hills, South Dakota. The Company has strategically consolidated 7,858 acres, 20 km along trend from the Homestake Mine that produced 42 million ounces of gold. The Bella Project has over 90% of exposed Banded Iron Formation not covered by sampling and is determined to explore the near surface potential.
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 Option and the termination of the Agreement; and the possible exercise of the Option by Firetail. 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.