TRU Precious Metals Maintains 51% Interest in Staghorn Property

TRU Precious Metals Corp. has announced its decision to maintain a 51% stake in the Staghorn Property, opting not to exercise its Additional Option for an extra 14% interest. This decision results in a joint venture with Quadro Resources, finalized at a 51%/49% arrangement. The move aligns with TRU's strategic focus on the larger Golden Rose Project, which encompasses the Staghorn property.

The company initially acquired its majority interest through an agreement with Quadro, finalized in 2022. Exercising the Additional Option would have required significant financial commitments, including $200,000 in cash and $850,000 in exploration expenditures. TRU CEO Steve Nicol emphasized the decision as strategically efficient, allowing broader exploration without restrictions over the next two years.