Conquest Shareholders Approve Disposition of Belfast-Teck Mag Property to Inventus Mining Corp.

What happened

Conquest Resources shareholders unanimously approved selling the company’s 100% interest in the Belfast-Teck Mag property package, including the historic Golden Rose Mine, to Inventus Mining. The disclosed consideration is 8,000,000 Inventus shares and a 2.0% net smelter returns royalty on eligible claims; the shares face release restrictions.

Confirmed

Global impact / market context

If the transaction closes, Conquest would exchange ownership of the property for Inventus shares and a royalty, changing its exposure from direct control of the mineral claims to potential value tied to Inventus and future proceeds from eligible claims. The shares’ release schedule limits when Conquest can access them.

Analyst inference

The approval is one step in a property sale classified as a reviewable disposition under TSXV rules, meaning the exchange treats it as a transaction requiring review. The supplied article does not state that closing has occurred, nor give a closing date or valuation.

Confirmed

What to watch

1. Watch for confirmation that the transaction closes and whether any remaining exchange or other conditions are met; shareholder approval alone does not establish completion. Analyst inference
2. Track the release schedule for the 8,000,000 Inventus shares: one-third after the applicable hold period, one-third at the first anniversary of closing, and the rest at the second. Confirmed
3. Check future disclosures for terms governing Inventus’s right to purchase, and for any details on the royalty, which pays a percentage of eligible claims’ smelter revenue. Analyst inference

Evidence

• newsfilecorp.com