As initially disclosed on November 21, 2024, Record Resources entered into an arm's-length agreement with a private exploration company. The proposed terms provide Record with 100% ownership of the hydrogen claims in exchange for 12,500,000 shares issued at a price of $0.03 per share and a cash consideration of $39,000. The vendor will retain a 2% gross revenue royalty, with the option for Record Resources to repurchase half of the royalty for $2 million.
Record Resources thanks its stakeholders for their continued support and confidence as the company advances its initiatives.
