Clarity Metals Corp. (CSE: CMET | OTC: CLGCF | FSE: 27G0) announced on September 23, 2026 that it has entered into a mineral claims purchase agreement to acquire an 80% interest in the Bobcat Project, a copper porphyry property located in Lemhi County, Idaho. The deal is structured as a share-and-warrant transaction with vendor BG Copper Corp., an arm's length party. Closing remains subject to CSE approval and customary conditions, with Clarity expecting to complete the acquisition in September 2026.

Key Points

  • Clarity Metals Corp. (CSE: CMET | OTC: CLGCF | FSE: 27G0) announced the Bobcat Project acquisition agreement
  • Clarity agreed to purchase an 80% interest in 50 unpatented lode mining claims covering approximately 418.63 hectares in Lemhi County, Idaho
  • Consideration comprises 20,000,000 units at a deemed price of $0.05 per unit, each consisting of one common share and one warrant exercisable at $0.10 for five years
  • Investors may be watching for CSE approval and formal closing confirmation

Bobcat Project Structure and Retained Interests

Under the agreement dated September 22, 2026, Clarity will acquire its 80% stake from BG Copper Corp. The remaining 20% is held by Kluane Capital FZCO and Cloudbreak Discovery PLC, each holding a 10% carried interest in the property until Clarity obtains a positive pre-feasibility study confirming technical feasibility and economic viability. Upon achieving that milestone, the parties intend to form a joint venture to advance the property toward development. No finders' fees will be paid in connection with the acquisition, the release states.

Historic Drill Results and Copper Mineralisation at the Bobcat Gulch System

The Bobcat Project hosts a copper porphyry system associated with an Eocene intrusive complex, located approximately 20 kilometres north of Salmon, Idaho. Historic drilling by Cominco American Incorporated between 1977 and 1981 included five widely spaced diamond drill holes totalling approximately 1,996 metres. Reported historic results include 100.13 metres of 0.36% copper from 74.83 metres, including 32.01 metres of 0.57% copper from 134.11 metres in hole BC-1. The company cautions that these historic results have not been independently verified and should not be relied upon without further work.

Lang Mine Gold History and Untested Exploration Upside

The property also contains the Lang Mine, a historic underground gold operation developed in the 1930s on the east side of Napoleon Ridge. Reported historic production was approximately 5,000 ounces of gold. A 6-metre chip sample in the crosscut returned 1.55 grams per tonne gold, and the release states the structure remains untested at depth. Two mineralised centres have been identified across a district-scale alteration footprint, with portions of the system on the western flank of Napoleon Ridge also untested by drilling, the disclosure suggests.