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Highlights
Nordique Resources Inc. (CSE: NORD, OTC Pink: NORDF, FSE: V0U) has entered into a definitive option agreement dated June 25, 2025, to acquire a 100% interest in the Isoneva Property, located in Finland's Western Finland Gold Belt. The agreement was finalized with Gemdale Gold Inc., following the signing of a letter of intent announced on May 22, 2025.
Under the terms of the agreement, Nordique can earn full ownership of the Isoneva Property over a three-year option period by meeting a series of financial and operational conditions. These include a total of CAD 3,000,000 in exploration expenditures, with a minimum commitment of CAD 600,000 during the first year, and a CAD 100,000 cash payment—half of which has already been made.
Upon exercising the option, Nordique must make a final payment to Gemdale, choosing between either CAD 1,000,000 in cash along with up to CAD 3,000,000 in milestone and success-based payments, or CAD 4,000,000 in common shares. The latter is subject to a 19.99% cap on Gemdale's ownership of Nordique’s share capital, and any excess value above this limit would be paid in cash.
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