10:59 AM EDT, 04/30/2026 (MT Newswires) -- Fredonia Mining ( FREDF ) , is up 7.7% after it secured the Judite property in Santa Cruz Province, Argentina.

The property, which is contiguous with Fredonia's El Dorado-Monserrat (EDM) project, expands the company's consolidated district footprint to over 11,000 hectares. Judite is also immediately adjacent to the western boundary of the Cerro Vanguardia mining area, positioning Fredonia as a direct neighbor to one of Argentina's most significant gold-silver operations, the company said.

The Judite property became available after the rights lapsed in the hands of the prior rightsholder. Fredonia submitted the winning bid and also settled outstanding concession fees of US$25,000.

Fredonia also controls a broader land package to the south, including the Saturno area with about 10,500 hectares. Together, these holdings expand its district land position to 21,800 hectares, a statement said.

"Securing Judite is a meaningful step for Fredonia. It expands our EDM district footprint to more than 21,800 hectares and, importantly, places us directly adjacent to Cerro Vanguardia," said chief executive Estanislao Auriemma. "From a technical perspective, Judite is not just additional ground. Historical work indicates quartz veining, favorable structures, anomalous epithermal pathfinder elements and potential continuity from El Dorado into Judite. We believe this gives Fredonia a stronger district-scale platform as we advance exploration at EDM."

Fredonia shares were last seen up $0.04, to $0.56, on the TSX Venture Exchange.

Price: 0.56, Change: +0.04, Percent Change: +7.69