Midland Exploration Signs Option Agreement For Barrick Mining To Acquire 75% Stake In Midland's Lewis Gold Property For $750M In Cash, Exploration Work Total $12M In Quebec

Author: Benzinga Newsdesk | November 17, 2025 09:32am

Midland Exploration Inc. ("Midland") (TSXV:MD) is pleased to announce the signing of a definitive option agreement with a wholly-owned indirect subsidiary of Barrick Mining Corporation ("Barrick") for the Lewis gold property (the "Property"), currently wholly-owned by Midland and located about 60 kilometres southwest of the town of Chapais in the Abitibi, Quebec (the "Transaction").

Pursuant to the Transaction, Barrick has the right to acquire up to a 75% interest in the Property in consideration for cash payments totaling $750,000 and exploration work totaling $12,000,000 on or prior to December 31, 2032. Barrick will be the operator of the work carried out under the Transaction.

Posted In: B TSXV:MD