12:23 PM EDT, 10/16/2025 (MT Newswires) -- T2 Metals ( TWOSF ) on Thursday said all regulatory approvals have been received and that it has closed on its option to earn a 100% interest in the 27.4 square kilometer Shanghai gold-silver project in the Yukon.

The company said that a total of 300,000 shares were issued and it made cash payments of $50,000 to secure ownership..

A statement noted that the Shanghai project has no prior drilling but includes a Class 3 permit enabling drilling, road construction and installation of a camp.

"We are very pleased to have secured this exciting gold and silver project in a region delivering many significant discoveries and during a time of a strengthening mining markets," said chief executive Mark Saxon. "Our partnership with Shawn Ryan, who has joined our Advisory Board, places us near the forefront of Yukon exploration."

The company's shares were last seen down $0.02 to $0.33 on the TSX Venture Exchange.

Price: 0.33, Change: -0.02, Percent Change: -5.71