Transition Metals options Maude Lake Ni-Cu-PGE project to Springbok Ventures for $400,000 cash, shares and $3 million spend

  • Transition Metals optioned its Maude Lake Ni-Cu-PGE project in Ontario to Springbok Ventures under a staged earn-in to 100%.
  • Terms call for CAD 400,000 cash, CAD 3 million in exploration spending, issuance of Springbok shares, over three years.
  • Deal includes a 2% net smelter royalty on unencumbered ground, 1% on encumbered ground, with partial buyback rights before production.
  • If Springbok earns 100%, it must also pay CAD 1 million on feasibility completion, CAD 5 million within 12 months of commercial production.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transition Metals Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202606240820NEWSFILECNPR____20260624_302667_1) on June 24, 2026, and is solely responsible for the information contained therein.