07:58 AM EDT, 10/02/2024 (MT Newswires) -- Voyageur Mineral Explorers ( CPEFF ) on Wednesday said it has entered into an option agreement that allows Althea Copper to acquire a 100% interest in Voyager's Mink Narrows project in Manitoba.

To exercise the option, Althea must issue 1 million shares, valued at $100,000, complete $300,000 worth of exploration expenditures in the first year and issue another $150,000 worth of shares by the second year.

Voyageur will also be granted a 2% net smelter return royalty if the option is exercised. Althea can buy back half of the royalty for $1 million.