Quadro Maintains 49% Interest in Staghorn Property as Parties Agree to Pursue Joint Venture Arrangement
Quadro Maintains 49% Interest in Staghorn
Property as Parties Agree to Pursue Joint
Venture Arrangement
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) -
Quadro Resources Ltd. (TSXV:
QRO) (OTC Pink: QDROF) (FSE: G4O) ("Quadro" or the "Company")
announces that TRU
Precious Metals Corp. ("TRU") has elected not to proceed with the Additional Option under the Option
Agreement dated June 15, 2022 (as amended), relating to Quadro's Staghorn Property in Newfoundland
and Labrador.
As a result, TRU has completed its earn-in of a 51% interest in the Staghorn Property, and Quadro
retains a 49% interest. The parties have agreed to pursue the negotiation and finalization of a Joint
Venture Agreement (JVA) to govern their respective rights and obligations in relation to the property
going forward.
Quadro President and CEO T. Barry Coughlan commented: "We welcome TRU's continued involvement
at Staghorn and look forward to working constructively toward the establishment of a Joint Venture
Agreement. With Quadro maintaining a 49% ownership interest, we remain well positioned to benefit
from the long-term exploration and development potential of this highly prospective gold and copper
system."
Assay results from TRU's 2025 drill program are pending, and Quadro believes these will be
instrumental in shaping future exploration plans and strategic options. The Company is also evaluating
funding opportunities, including potential flow-through and hard-dollar financings, to support its future
participation in exploration activities and to preserve shareholder value.
About Quadro Resources -
Quadro Resources Ltd. is a publicly traded mineral exploration company
with approximately 28.5 million shares outstanding, listed on the TSX Venture Exchange under the ticker
symbol "QRO." The Company is dedicated to advancing gold exploration projects across North
America. Quadro holds a 49% ownership interest in the Staghorn property, which is currently optioned to
TRU Precious Metals Corp., and owns a 100% interest in the Long Lake property, both strategically
situated along the Cape Ray Fault in Newfoundland.
On behalf of the board of directors,
Quadro Resources Ltd.
"T. Barry Coughlan"
President and CEO
Tel (604) 644-9561
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release." The information contained herein contains "forward-looking statements" within the meaning
of applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may
be "forward-looking statements." Forward-looking statements are subject to a variety of risks and
uncertainties that could cause actual events or results to differ from those reflected in the forward-
looking statements. Investors are cautioned against attributing undue certainty to forward-looking
statements. These forward-looking statements are made as of the date hereof and the Company does
not assume any obligation to update or revise them to reflect new events or circumstances. Actual
events or results could differ materially from the Company's expectations or projections." For more
information on the Company, interested parties should review the Company's filings that are available
at
www.sedarplus.ca
.
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https://www.newsfilecorp.com/release/261485