Clarity firms up acquisition of Idaho Copper Project
Key facts
- Financing
- $0.05/unit
- +1 wt @ $0.1 / 60mo
- Sep 1 close
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2026) - Clarity Metals Corp. (CSE: CMET) (OTC Pink: CLGCF) (FSE: 27G0) (" Clarity " or the " Company "), a Canadian mineral exploration company focused on the acquisition, exploration, and development of precious and base metals projects, announces that it has entered into a mineral claims purchase agreement (the " Agreement ") dated September 22, 2026 with BG Copper Corp. (the " Vendor "), an arm's length party, pursuant to which Clarity agreed to purchase (the " Acquisition ") an 80% interest in and to certain mineral claims located in Lemhi County, Idaho, from the Vendor, which claims collectively known as the Bobcat Project (the " Property "). The balance of the interest in the Property is owned by Kluane Capital FZCO and Cloudbreak Discovery PLC, each of which has a 10% carried interest in the Property until Clarity obtains a positive pre-feasibility study concluding that the development of the Property is technically feasible and economically viable, after which the parties intend to form a joint venture to develop the Property.
Project Highlights:
Historic mapping indicates a large alteration footprint indicative of a porphyry system.
Historic drill results including 100.13m containing 0.36% Copper from 74.83m in DDH BC-1.
Including 32.01m of 0.57% Copper from 134.11m 1
Lang Mine - 1930s underground gold producer (~5,000 oz reported) on a north-south shear on Napoleon Ridge, with a 6m chip sample in the crosscut returned 1.55g/t Au; the structure is untested at depth. 2
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Pursuant to the Agreement, Clarity has agreed to issue to the Vendor 20,000,000 units (each, a " Unit ") with a deemed price of $0.05 per Unit, with each Unit comprised of one common share in the capital of the Company (each, a " Share ") and one warrant (each, a " Warrant ") entitling the holder thereof to acquire one additional Share (each, a " Warrant Share ") at an exercise price of $0.10 per Warrant Share for a period of five years from the closing date. The Shares will be subject to a statutory four month and one day hold period from the date of issuance. There will be no finders' fees paid in connection with the Acquisition.
Closing of the Acquisition remains subject to, without limitation, receiving all necessary consents and approvals, including the approval of the Canadian Securities Exchange (the " CSE "), as well as the satisfaction of customary closing conditions. Clarity expects to complete the Acquisition in September, 2026.
About the Bobcat Project
Located 20km north of Salmon, Idaho, centrally located near the northern border with Montana, the Property comprises 50 unpatented lode mining claims covering approximately 418.63 hectares in Lemhi County, Idaho, within the Salmon-Challis National Forest. The Property hosts a copper porphyry system associated with an Eocene intrusive complex. To date, two mineralized centres have been identified, across a district-scale alteration footprint. Historic exploration by Cominco American, Corona and BHP between 1977 and the mid-1990s included geological mapping, soil and rock geochemistry, induced polarization surveying and diamond drilling, which confirmed copper mineralization at surface and at depth, including a potential zone of supergene chalcocite enrichment. Surface sampling completed in 2019 confirmed widespread porphyry-style alteration and copper mineralization across the Property. Portions of the system, including copper mineralization exposed on the western flank of Napoleon Ridge, remain untested by drilling.
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