02:59 PM EDT, 09/30/2025 (MT Newswires) -- Tincorp Metals ( TINFF ) announced on Tuesday that privately-held Blue Jay Gold Corp. has completed the acquisition of its subsidiary, Whitehorse Gold (Yukon) Corp., which holds a 100% interest in the Skukum Gold Project in Yukon, Canada.

"The Yukon is an incredible jurisdiction with excellent geological potential, supportive frameworks and partners, and enjoys a rich culture steeped in mining history. Skukum is a cornerstone asset for us, and as a former production site, we believe the area represents a meaningful opportunity for lower-risk discovery and project reinvigoration," said Blue Jay CEO Geordie Mark.

Mark added: "Our near-term focus is to test the growth potential of the mineralized systems in and around underground development areas, and mature new targets to sustain project longevity. We are committed to upholding our responsibilities in a manner that supports long-term value creation while aligning with our disciplined approach to capital allocation and community partnership."

The closing date was September 29, 2025, the companies said. Under the share purchase agreement, Blue Jay issued 500,000 common shares and 250,000 share purchase warrants to Tincorp, valued at about $300,000. An additional $275,000, payable in cash and/or shares at Blue Jay's election, is due on the first year of closing.

Each warrant allows Tincorp to acquire one Blue Jay common share at a price of $0.90 per share for a period of two years, subject to acceleration provisions.

Shares of Tincorp Metals ( TINFF ) were last seen trading at $0.30 on the TSX Venture Exchange.