08:48 AM EDT, 10/03/2025 (MT Newswires) -- Azucar Minerals ( AXDDF ) and Almadex Minerals ( AAMMF ) Friday said that the TSX Venture Exchange approved their previously announced option-joint venture exploration agreement.

Under the agreement, Azucar has the option to acquire a 60% interest in three of Almadex's wholly-owned blocks of claims in Nevada, the Pilot, Confusion Hills and Red Ring prospect.

The companies also said that Douglas McDonald resigned from all his roles in the companies, including as director and executive vice president, effective Oct. 2, 2025, but will continue in an advisory role to support related succession initiatives and ongoing business activities.