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Richmond Hill Resources PLC on Tuesday said it has agreed to acquire 29 mining claims making up the Bartlett mining claims in Canada’s Ontario province. The London-based holding company with a focus on copper exploration in Canada, formerly known as Rogue Baron, will acquire the entirety of the legal and beneficial interests in the mining claims from a company registered in the British Virgin Islands controlled by James Irking, who is also a substantial shareholder of Richmond Hill. The acquisition has an aggregate consideration of C$125,000, or $89,827, in cash payable at completion, plus C$550,000 in new shares to be allotted and issued in four quarterly instalments from October 2026 to October 2027. The shares will be subject to a lock-in agreement. The mining claims encompass approximately 871.5 hectares in the Kawashegamuk Lake area and Tabor Lake area, and are all in good standing with various work requirements and anniversary dates, Richmond Hill said. Shares in Richmond Hill Resources were down 9.0% at 1.81 pence each on Tuesday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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