Sunday, September 7, 2025

Great Bear Resources Enters Exploration Agreement With Two First Nations

Great Bear Resources (TSXV: GBR) this morning announced that it has entered into exploration agreements with two first nations groups, Wabauskang First Nation and Lac Seul First Nation, for the exploration of Great Bear’s mining claims in the Nation’s traditional territories. The agreement outlines communication and engagement between the parties.

Specifically, the exploration agreement outlines the manner in which Great Bear and the Nations will work together to enable Great Bear to explore the territorial lands while also being respectful of both Wabauskang and Lac Seul territories, and essentially ensure that everyone benefits from exploration activity.

Under the agreement, 50,000 common shares are to be issued to each of Wabauskang and Lac Seul First Nations, at a price of $11.55 a share, to ensure they also benefit from the exploration of the land. The agreement was entered into with both Nations on April 28, with shares issued based on the closing price of the equity on May 4, 2020.

It is unclear which specific claims of Great Bear’s run onto the traditional territories of the Nation’s, however it was outlined that Great Bear has been working operationally with Wabauskang for a period of three years already.

Great Bear Resources last traded at $12.02 on the TSX Venture.


Information for this briefing was found via Sedar and Great Bear Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Big Gold Miners Don’t Trust $3,300 Gold, Do They See a Crash Ahead? | Rob McEwen

In this interview, Rob McEwen, Chairman and Chief Owner of McEwen Mining Inc. (TSX: MUX),...

Wednesday, June 11, 2025, 02:20:00 PM

The Deep Dive Compiles Company Profile On Freeman Gold

The Deep Dive has assembled a company profile on that of Freeman Gold Corp (CSE:...

Sunday, August 23, 2020, 11:32:00 AM

Gold Company: No Financing, No Warrants, & Money in the Bank! with John-Mark Staude of Riverside Resources

In this interview at the Precious Metals Summit 2024, John-Mark Staude, President and CEO of...

Thursday, September 12, 2024, 04:45:00 PM

BMO: Kirkland Lake Gold Third Quarter Results Are Mixed

Last night, Kirkland Lake Gold (TSX: KL) released their third quarter results. Within the quarter,...

Tuesday, October 13, 2020, 03:01:00 PM

Gold Mining In Saskatchewan – The Daily Dive feat Sherman Dahl of SKRR Exploration

This week, we’re starting off the Daily Dive by sitting down with Sherman Dahl, President...

Monday, November 30, 2020, 01:00:00 PM