{
  "id": 15806518,
  "title": "Live Energy Minerals enters option deal for New Brunswick property",
  "url": "https://urgent.news/2026/10/20/live-energy-minerals-enters-option-deal-for-new-brunswick-property",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T21:36:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/live-energy-minerals-enters-option-deal-for-new-brunswick-property-93CH-4961248"
  },
  "original_language": "en",
  "account": "VANCOUVER - Live Energy Minerals Corp. (CSE:LIVE) (OTC Pink:GTREF) recently agreed to purchase an entire mineral property in New Brunswick. The agreement, dated October 15, grants the company the right to acquire 100% of two mineral claims covering 73 units near Plaster Rock. To secure the property, Live Energy Minerals must issue 4,000,000 common shares over two years. The first 120,000 shares will be distributed within ten days of approval, followed by 1,000,000 shares a year later, and finally 2,880,000 shares ten days after the second anniversary. The initial share issuance will be valued at $0.20 each, matching the company's closing price on the CSE that day. Subsequent tranches will be priced based on the closing price on the last trading day before each issuance, adhering to CSE pricing policies. The Plaster Rock Property, situated about eight kilometers north-northwest of Plaster Rock village in Victoria County, contains sediment-hosted uranium-copper mineralization in Carboniferous red-bed sandstones and mudstones. Historical sampling data indicates values up to 2.87% U3O8 and 8.32% copper from a mineralized nodule, with earlier operator samples reaching 1.46% U3O8 and 6.19% copper in 2009. The company emphasizes that the property has never undergone drilling. The option agreement imposes no cash payments or mandatory exploration expenses. However, the company must keep the claims in good standing and can withdraw from the agreement at any time by providing written notice. Upon exercising the option, Live Energy Minerals will retain a 2% net smelter returns royalty, which the company can buy out for $500,000. All option shares will be subject to a four-month-and-one-day hold period, as dictated by applicable securities laws, according to the press release.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}