Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) has issued 120,000 common shares as the first tranche payment under its option agreement to acquire a 100% interest in the Plaster Rock uranium-copper property in New Brunswick. The shares were issued on October 30, 2026, at a deemed price of $0.20 per share, representing a total deemed value of $24,000. The transaction marks a concrete step toward securing the two mineral claims comprising 73 units near Plaster Rock, with additional share tranches required in subsequent years to keep the option in good standing. Investors may be watching this deal as it expands the company's Canadian mineral asset base alongside existing uranium holdings in the United States.

Key Points

  • Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) is a Vancouver-based junior exploration company
  • 120,000 common shares issued at $0.20 per share (deemed value $24,000) as the first tranche under the Plaster Rock option agreement
  • Remaining obligations: 1,000,000 shares due by October 30, 2027 and 2,880,000 shares due by October 30, 2028; no cash payments or minimum exploration expenditures required
  • Investors should watch whether the company meets subsequent share issuance deadlines and any exploration activity announced at the Plaster Rock property

Plaster Rock Option Structure and Share Payment Terms

Under the option agreement dated October 15, 2026, Live Energy Minerals must issue a total of approximately four million common shares across three tranches to earn a 100% interest in the two Plaster Rock mineral claims. The first tranche of 120,000 shares, issued at a deemed price of $0.20 per share, carries a deemed value of $24,000. Future tranche prices will be set at the closing share price on the last trading day before each issuance, subject to CSE pricing policies. Notably, the option carries no cash consideration and no minimum exploration expenditure requirements, which the company's release states reduces near-term financial obligations.

Royalty Retention and Buyback Provision for the Optionor

Upon exercise of the option, the arm's length optionor will retain a 2% net smelter returns royalty on the Plaster Rock property. Live Energy Minerals holds the right to repurchase one-half of that royalty — representing a 1% net smelter returns interest — at any time for $500,000. The release does not disclose a timeline or condition triggering the buyback right. This royalty structure is a standard feature in junior mining option agreements and allows the company to potentially reduce its future royalty obligations if the property advances toward production.

Plaster Rock Property in Context of LIVE's North American Portfolio

The Plaster Rock property adds a Canadian uranium-copper asset to Live Energy Minerals' existing portfolio, which includes the Mesa Top Mine and Section 20 uranium claims in McKinley County, New Mexico, USA. The company's McDermitt Lithium East Project in Nevada is currently under option to US Critical Metals Corp., with Live retaining a net smelter returns royalty on that asset. The newly issued Option Shares are subject to a statutory hold period expiring on March 1, 2027, under applicable Canadian securities laws. No finder's fees were paid in connection with this transaction.