Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) has entered into an option agreement dated October 15, 2026, to acquire a 100% interest in the Plaster Rock Property, a two-claim, 73-unit uranium-copper mineral package in Victoria County, New Brunswick. The deal is structured entirely in shares, with no cash payments or minimum exploration commitments required. Investors may be watching this development closely, as the Property hosts historical high-grade uranium and copper values and has reportedly never been drilled.

Key Points

  • Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF)
  • The company entered an option agreement to acquire a 100% interest in two mineral claims totalling 73 units near Plaster Rock, New Brunswick
  • Up to 4,000,000 common shares payable in three tranches; first tranche of 120,000 shares at a deemed price of $0.20; a 2% net smelter returns royalty is retained by the optionor, with a buyback option of 1% for $500,000
  • Investors may watch for CSE approval and the first share issuance within 10 days of the Approval Date

Plaster Rock Property: Historical Uranium and Copper Values in New Brunswick

The Plaster Rock Property is located approximately 8 km north-northwest of the village of Plaster Rock in Victoria County, New Brunswick, and is accessible via provincial highways and forest roads. The claims cover sediment-hosted uranium-copper mineralisation within Carboniferous red-bed sandstones and mudstones. Historical sampling recorded in the New Brunswick mineral occurrence database returned values of up to 2.87% U and 8.32% Cu from a mineralised nodule. A previous operator's 2009 grab samples returned values of up to 1.46% U and 6.19% Cu. The company notes the Property has never been drilled and considers it underexplored.

All-Share Deal Structure and Royalty Terms

Under the option agreement, Live Energy Minerals must issue a total of 4,000,000 common shares to the optionor across three tranches to earn its 100% interest. The first tranche of 120,000 shares is due within 10 days of the Approval Date at a deemed price of $0.20 per share. Subsequently, 1,000,000 shares are issuable on the first anniversary and 2,880,000 on the second anniversary, each priced at the closing price on the last trading day before issuance. There are no cash payments and no minimum exploration expenditure obligations. The optionor retains a 2% net smelter returns royalty, half of which may be repurchased for $500,000.

Important Caveats on Historical Results and Qualified Person Sign-Off

The company cautions that the historical results referenced in the announcement have not been verified by a qualified person and have not been independently confirmed by Live Energy Minerals. Grab and nodule samples are selective by nature and may not be representative of broader mineralisation on the Property. Adrian Smith, P.Geo., the company's Chief Executive Officer and director, is the designated qualified person under NI 43-101 and has reviewed and approved the scientific and technical content of the announcement. Investors are reminded that historical figures should not be relied upon without further verification work.