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BeMetals Provides Update on Proposed Acquisition of Prospective Projects from Prospector Metals

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BeMetals (BMET.V) on Wednesday provided a progress update on the status of the transactions contemplated under the share purchase agreement dated April 15, 2026, with Prospector Metals (PPP.V).

Pursuant to the agreement, BeMetals had agreed to acquire Prospector's remaining viable non-Yukon mineral exploration projects and certain marketable securities in exchange for 29.4 million common shares of BeMetals on a post-consolidation basis.

The company has completed a consolidation of its outstanding common shares on the basis of one new common share for every ten common shares, as provided for under the agreement, on May 8, 2026, it said.

On May 4, 2026, the company filed a notice of meeting and record date in connection with its annual general and special meeting of shareholders to be held on July 3, 2026, at which meeting the company will seek shareholder approval of, among other things, certain transactions related to the acquisition in accordance with the policies of the TSX Venture Exchange, stated the company.

The company has also received conditional acceptance of the proposed acquisition from the TSXV and is in the process of completing a technical report on its material property, the Savant Gold Project in Ontario, Canada, added the company.

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