Bessor Minerals grants option on Redhill property to Copper One Resources

Bessor Minerals Inc. (TSXV: BST) announced it entered into an option agreement allowing Copper One Resources Corp. to earn a 100% interest in the Redhill property located south of Ashcroft, British Columbia.

Under the agreement signed in April 2026, Copper One must pay a total of C$915,000 in cash payments and spend C$900,000 on work expenditures over multiple years to acquire the property. Bessor holds a 30% interest in the property and will receive 30% of all payments made by Copper One.

The payment schedule begins with C$20,000 upon execution and C$25,000 by the first anniversary, with the largest payment of C$500,000 due on the tenth anniversary. Work obligations total C$900,000 over five years, starting with C$100,000 in the first year.

The Redhill property comprises 18 mineral claims covering approximately 4,736 hectares in the Kamloops mining district. The property is accessible through the Trans-Canada Highway.

Bessor will also receive 30% of a C$500,000 bonus payment upon either the sale of all mineral claims or commencement of commercial production. The company was granted a 0.6% net smelter returns royalty, with Copper One holding the right to purchase half of the total 2% royalty for C$1 million.

The option agreement requires regulatory approval before becoming effective. Bessor previously terminated its option to acquire 100% of the property in February 2026 in exchange for the 30% ownership stake.

Bessor's primary focus remains exploration and development of its Golden Eagle property in Yukon. The company also holds a 1% net smelter returns royalty on certain claims in the Blackwater Mine operated by Artemis Gold Inc.

You May Also Be Interested In

• TWO Announces Adjournment of Special Meeting
• Sonos partners with Škoda for audio system in new Peaq EV
• BofA lists top 5 themes driving next $1tn in incremental semi sales