Highlights
- 100% acquisition of TT Minerals LLC, holder of the Tungsten Tail Project
- 41 claims, approximately 847 acres, Sierra County, New Mexico
- Historical scheelite shipments in 1942 and 1955 (unverified)
- C$125,000 cash and 1,500,000 shares at closing, plus milestone shares
- 2.0% NSR retained by vendor, 1.0% buy-back available
- Ryan Connacher appointed President in addition to CEO
Vancouver, British Columbia — October 20, 2026 — Gordon Mining Group Inc. (CSE: GORD) ("Gordon" or the "Company") has entered into a definitive agreement dated October 19, 2026 to acquire 100% of TT Minerals LLC from Lamina Minerals LLC, an arm's-length vendor. TT Minerals holds the Tungsten Tail Project, a 41-claim property covering approximately 847 acres in Sierra County, New Mexico.
About the Tungsten Tail Project
The project area has a documented history of small-scale tungsten production, with historical scheelite shipments recorded in 1942 and 1955. Regional USGS geochemical data and a 2023 USGS airborne magnetic survey cover the property. The historical information has not been verified by the Company and does not represent a current mineral resource.
Transaction terms
Consideration consists of C$125,000 in cash and 1,500,000 common shares at closing, with further share issuances tied to the receipt of drill permits, drilling milestones and a resource-based milestone. The vendor retains a 2.0% net smelter return royalty, 1.0% of which may be repurchased by the Company.
Planned work
Initial work is expected to include geological mapping and sampling, ground geophysics and drill permitting. No drill targets have been defined at this stage.
Management change
The Company also announced that Keith Anderson has resigned as President and that Ryan Connacher, Chief Executive Officer, has been appointed President.
Qualified Person
The technical disclosure in this release was reviewed and approved by Nicholas Rodway, P.Geo., an independent consultant to the Company and a Qualified Person as defined by National Instrument 43-101.