10:28 AM EDT, 10/31/2025 (MT Newswires) -- GoldHaven Resources ( GHVNF ) on Friday said it entered into an agreement to acquire the Hamel claims located in northwestern British Columbia, within the company's Magno Project area.

The company said that the newly acquired claims cover 429.46 hectares.

A statement noted that the Magno Project hosts multiple mineralization styles linked by common fluid pathways and heat sources, suggesting a related series of mineralizing events.

The company said it entered into a title transfer agreement dated Oct. 23, 2025, with Robert Joseph Hamel, the vendor, under which the company will acquire a 100% interest in the claims situated in the Cassiar Mining District, British Columbia.

The company said that, as consideration, it will pay C$10,000 in cash and issue 300,000 common shares to the vendor.

"The acquisition of the Hamel claims strengthens our strategic land position within the Magno Project and underscores our commitment to building a district-scale mining portfolio in British Columbia," said GoldHaven Resources' ( GHVNF ) president and chief executive officer Rob Birmingham. "We believe this area holds strong exploration potential, and consolidating key ground positions is an important step in unlocking value for our shareholders."

Shares of the company were last seen up $0.01 to $0.125 on the Canadian Securities Exchange.

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