12:55 PM EDT, 09/12/2025 (MT Newswires) -- Metalsource Mining ( SFRIF ) on Friday said it reached am option agreement with Goldstrike Minerals to acquire 100% of Goldstrike properties in North Carolina.

Under the agreement, Metalsource will pay $0.25 million in cash and 15-million shares over two years and spend $1 million on exploration of the lands over the option period to acquire full ownership.

"This acquisition is truly transformational for Metalsource Mining ( SFRIF ). Silver Hill presents a compelling silver growth story - with historic pods of high-grade mineralization that have never been tested with modern drilling, we see significant potential to unlock value" chief executive Joe Cullen said.

Shares of Metalsource Mining ( SFRIF ) were last seen up $0.03 to $0.235 on the Canadian Securities Exchange.

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