Badlands Enters into Agreement to Sell Bella Project to Firetail Resources
Badlands Enters into Agreement to Sell Bella Project to Firetail Resources
VANCOUVER, BC, June 2, 2025 – Badlands Resources Inc . (TSXV: BLDS, FSE: B7Q) (“ Badlands ”
or the “ Company ”) announces that it has entered into an option agreement (the “ Agreement ”) with Firetail
Resources Limited (ASX: FTL) (“ Firetail ”), an Australian exploration and development compa ny listed
on the Australian Securities Exchange, pursuant to which Badlands has granted to Firetail an option (t he
“ Option ”) to acquire certain mineral claims comprising the Company’s Bella Project located in South
Dakota, United States (the “ Claims ”), subject to the completion of due diligence and the satisfaction of
customary closing conditions.
Pursuant to the terms of the Agreement, Firetail wi ll have 45 days from the date on which the Agreemen t
was executed to complete a due diligence review of Badlands and the Claims. If Firetail is not satisfied with
its due diligence review, and the Company cannot cu re the reasons for which Firetail is not satisfied with
its due diligence review with a 15-day cure period, the Option will lapse, and the Agreement will terminate.
If Firetail is satisfied with its due diligence review, it may exercise the Option to acquire the Claims, subject
to the satisfaction of customary closing conditions and the approval of the TSX Venture Exchange.
About Badlands
Badlands, through its wholly owned subsidiary, is a gold focused exploration company in the Black Hills,
South Dakota. The Company has strategically consoli dated 7,858 acres, 20 km along trend from the
Homestake Mine that produced 42 million ounces of g old. The Bella Project has over 90% of exposed
Banded Iron Formation not covered by sampling and is determined to explore the near surface potential.
On Behalf of the Board of Directors
BADLANDS RESOURCES INC.
R. Dale Ginn, President and CEO
For further information, please contact:
R. Dale Ginn
Tel: 604-678-5308 | [email protected]
Or visit our website: www.badlandsresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in poli cies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or “forward-looking
statements” (collectively, “Forward-Looking Information ”) within the meaning of applicable Canadian securities legislation and
the United States Private Securities Litigation Reform Act of 1995. The words “anticipate,” “significant,” “expect,” “may,”
“will” and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-
Looking Information in this news release includes, but is not limited to, statements with respect to: the possible lapse of the Option
and the termination of the Agreement; and the possible exercise of the Option by Firetail. Forward- Looking Information is subject
to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied
by the forward-looking information. In preparing the Forward-Looking Information in this news release, the Company has applied
several material assumptions, including, but not limited to, assumptions that general business and economic conditions will not
change in a materially adverse manner and all requisite information will be available in a timely manner. Factors that may cause
actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and
development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, risks related to
unforeseen delays; general economic, market or business conditions, regulatory changes, timeliness of regulatory approvals, the
risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets
and the inability to raise financing. Readers are cautioned not to place undue reliance on this Forward-Looking Information. The
Company does not assume the obligation to revise or update this Forward-Looking Information after the date of this release or to
revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable
securities laws.