Arya Resources acquires 100% interest in Wedge Lake
Key facts
- Financing
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2026) - Arya Resources Ltd. (TSXV: RBZ) ("Arya" or the "Company") is pleased to announce that it has completed the early exercise of its option to acquire a 100% interest in the Wedge Lake Gold Project, located in Saskatchewan's La Ronge Gold Belt.
To complete the acquisition, Arya made the remaining cash payment of $30,000 ahead of schedule and issued 500,000 common shares of the Company to North-Sask Ventures Ltd. ("North-Sask"). The payment and share issuance were made pursuant to the Assignment, Assumption and Amended Agreement dated October 24, 2022, between North-Sask, as optionor, and Rebel Capital Inc. (now Arya Resources Ltd.), as optionee, as amended on June 18, 2025 (collectively, the "Option Agreement").
Having satisfied all remaining payment and share-issuance obligations under the Option Agreement, Arya has exercised the option and earned a 100% interest in the Wedge Lake Gold Project.
North-Sask retained a 2.5% net smelter returns royalty (the "NSR"). Arya has the right to purchase 1.0% of the NSR for $1,000,000 at any time before the achievement of certain milestones specified in the Option Agreement. If Arya exercises this right, the remaining NSR will be reduced to 1.5%.
"Completing the Wedge Lake option ahead of schedule is an important milestone for Arya and its shareholders," said Rasool Mohammad, President and CEO of Arya Resources. "Securing 100% ownership gives Arya greater flexibility as we continue advancing exploration and evaluating the broader potential of the Wedge Lake Gold Project."
The 500,000 common shares issued in connection with the early exercise of the option are subject to a statutory hold period of four months and one day from the date of issuance.
About Arya Resources Ltd. (TSXV: RBZ)
Arya Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of precious and critical-metal projects in Saskatchewan. The Company is advancing its flagship Wedge Lake Gold Project and its Dunlop Nickel-Copper-Cobalt Project, both located in mining-friendly jurisdictions with excellent infrastructure.
As a Tier 2 issuer on the TSX Venture Exchange, Arya is committed to building shareholder value through discovery-driven exploration, disciplined execution, and responsible development. For more information, please visit us at www.aryaresourcesltd.com .
On behalf of the Board of Directors: Rasool Mohammad, President and CEO
For more information, please contact:
Arya Resources Ltd. Rasool Mohammad, President and CEO E: rasool@aryaresourcesltd.com T: (604) 868-7737
CHF Capital Markets Cathy Hume, CEO E: cathy@chfir.com T: (416) 868-1079 x 251
Twitter: @ARYARESOURCES Facebook: @AryaResourcesLtd. LinkedIn: @AryaResourcesLtd. YouTube: @ARYARESOURCES
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Copyright (c) 2026 QuoteMedia, Inc.