05:49 AM EDT, 07/07/2025 (MT Newswires) -- Stallion Uranium ( STLNF ) late on Friday said the TSX Venture Exchange has approved the resumption of trading of its common shares when markets open on July 7.

The approval follows the British Columbia Securities Commission's cease trade order on May 7 resulting from Stallion's failure to file its audited annual financial statements, management discussion and analysis and certifications for the financial year ended Dec. 31, 2024.

In addition, Texas-based Winning Media provided marketing services through one ticker tag article via the Globe and Mail for a one-day term on Feb. 28, 2024, for US$3,500. The services are no longer in effect and were not reviewed nor approved by the TSXV as required by its policies.

Separately, the company said it entered into a binding heads of agreement with 1503571 BC, the remaining common shareholders of 1503571 BC and Australia-listed Resolution Minerals, under which Resolution will acquire all of the issued and outstanding shares of 1503571 BC.

Under the agreement, Stallion and the 1503571 BC shareholders will sell their 1503571 BC common shares to Resolution.

Resolution will pay a total of 444.8 million of its fully paid ordinary shares, 222.4 million options to acquire fully paid ordinary shares exercisable at A$0.018 each by July 31, 2028, an initial cash payment of A$600,000 at deal completion, and a second cash payment of A$400,000 payable within nine months of completion.

Stallion's pro rata interest in the consideration is expected to be 59.5 consideration shares, 29.7 consideration options and cash payments of A$145,033.

The deal is subject to due diligence, Resolution shareholder approval, regulatory approvals and other customary conditions.