Troubadour Resources Options Its Texas Property to Molten Metals
Troubadour Resources Inc.
TSX.V: TR
OTCQB: TROUF
troubadourresources.com
Troubadour Resources Options Its Texas Property to Molten Metals
Highlights:
• Monetizes Non-Core Assets: Troubadour options Texas Property to Molten for shares and
exploration spending.
• Focusing on Senneville: Transfers exploration risk to Molten, enabling Troubadour to
concentrate on its flagship assets.
• Improves Balance Sheet: Secures immediate and phased financial benefits, improving
liquidity.
•
Vancouver, British Columbia / June 10, 2025 – Troubadour Resources Inc. (“Troubadour”,
or the “Company”) (TSXV: TR) (OTCQB: TROUF), a North American mineral acquisition and
exploration company, is pleased to announce that it has entered into an option agreement (the
“Option” or the “ Agreement” or the “ Transaction”) with Molten Metals Corp. (“MOLT”),
whereby MOLT may acquire a 100% interest in the Company’s Texas Property (the “Project”),
located in British Columbia, Canada.
The Transaction is not subject to TSX Venture Exchange (the “Exchange” or “TSX.V”) approval,
as it qualifies as an " Exempt Transaction " under Exchange Policy 5.3 – Acquisitions and
Dispositions of Non-Cash Assets.
The Agreement aligns with Troubadour’s strategy to streamline its portfolio and focus on its core
assets that include that Company’s Senneville VMS gold project near Val-d’Or, Quebec . By
optioning the Texas Project to MOLT, Troubadour secures immediate financial benefits while
transferring exploration risk to a capable partner.
Zachary Kotowych , CEO of Troubadour Resources , commented: “This strategic transaction
allows Troubadour to monetize a non-core asset, generating immediate financial benefits through
MOLT’ s issuance of 1,600,000 common shares within 10 days of their receiving approval from the
Canadian Securities Exchange. ”
Mr. Kotowych continued: “By transferring exploration risk to MOLT, a skilled partner,
Troubadour can allocate resources to advancing its flagship Senneville Project. This option
enhances Troubadour’ s financial stability and supports its strategy to focus on high -potential
projects in Quebec.”
In order to exercise the Option, MOLT must fulfill the following conditions:
1. Share Issuances
MOLT will issue an aggregate of 1,600,000 common shares to Troubadour within 10 days of
receipt of approval from the Canadian Securities Exchange (the “Effective Date”).
2. Exploration Expenditures
Incurring exploration expenditures of $500,000 on the Texas Property as follows:
a) $150,000 on or before the second anniversary of the Effective Date; and
b) $350,000 on or before the fourth anniversary of the Effective Date;
MOLT will serve as the operator of the Project while it is under option and has the flexibility to
accelerate share issuances, and/or exploration expenditures to earn its interest ahead of schedule.
The Company also announces that, further to its news release dated February 13, 2025, subject to
TSX.V final approval the Company has amended the exercise price and expiry acceleration terms
for 10,031,000 of 10,221,000 previously issued and outstanding common share purchase warrants
(the “Warrants”).
The exercise price of the Warrants has been reduced from $0.175 per warrant share to $0.10 per
warrant share. In addition, the expiration of the warrants will be accelerated to 30 days if, for any
10 consecutive trading days, the closing price of the common shares of the Company on the TSX.V
is $0.125 cents or greater, with such 30-day period starting seven days after the acceleration trigger.
The Company confirms that one holder of 90,000 Warrants did not respond to multiple attempts
to contact them regarding the proposed amendment. In addition, one holder of 100,000 Warrants
did not consent to the amendment but indicated that they did not obje ct to the Warrants held by
other holders being amended.
The Warrants' other terms, including the July 18, 2026 expiry date, remain unchanged.
About Troubadour Resources Inc.
Troubadour Resources Inc. is a North American mineral acquisition and exploration company
focused on the development of quality critical mineral and precious metal properties that are drill-
ready with high-upside and expansion potential. Based in Vancouver , BC, Troubadour trades on
the TSX Venture Exchange under the symbol TR, on the OTCQB Market under the symbol
TROUF, and on the Frankfurt, Berlin and Tradegate Stock Exchanges under the symbol A3DBDE.
Troubadour’s flagship project is the Senneville Gold -Copper Project, situated in close proximity
to Val d’Or, Quebec, Canada . Comprised of 230 mineral claims totalling over 130 km 2, the
Senneville Project is located within the prolific Val d’Or Mining Camp between Probe Gold’s
McKenzie Break deposit (1,453,400 ounces Inferred) to the north , and the Probe’s Novador
Development Project to the south (6,405,000 ounces M&I and 1,550,200 ounces Inferred).
Note: Readers are cautioned that the geology of nearby properties is not necessarily indicative of
the geology of the Company's properties.
TROUBADOUR RESOURCES INC.
Zachary Kotowych
CEO and Director
(437) 855-4540
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking statements:
This news release may include "forward -looking information" under applicable Canadian
securities legislation. Such forward-looking information reflects management's current beliefs and
are based on a number of estimates and/or assumptions made by and information currently
available to the Company that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors that may cause the actual results and future events to differ
materially from those expressed or implied by such forward -looking information. Readers are
cautioned that such forward -looking information are neither pr omises nor guarantees and are
subject to known and unknown risks and uncertainties including, but not limited to, general
business, economic, competitive, political and social uncertainties, uncertain and volatile equity
and capital markets, lack of availa ble capital, actual results of exploration activities,
environmental risks, future prices of base and other metals, operating risks, accidents, labour
issues, delays in obtaining governmental approvals and permits, and other risks in the mining
industry.
The Company is presently an exploration stage company. Exploration is highly speculative in
nature, involves many risks, requires substantial expenditures, and may not result in the discovery
of mineral deposits that can be mined profitably. Furthermore, t he Company currently has no
reserves on any of its properties. As a result, there can be no assurance that such forward-looking
statements will prove to be accurate, and actual results and future events could differ materially
from those anticipated in such statements.