Seva Mining Corp. has finalized the acquisition of the Cameron Gold Project and will resume trading on the TSXV under the ticker symbol SEVA. The company granted stock options to directors, officers, and consultants, with vesting over 18 months. FMGC received common shares in connection with the transaction, subject to an escrow agreement.
Seva Mining Corp. Announces Completion of Acquisition of Cameron Gold Project and Resumption of Trading Business Corporations Act"). Amalco is now the entity that owns the Cameron Project and is a wholly owned subsidiary of the Company.
"). The new CUSIP for the Common Shares following the Name Change is 81783A100 and the new ISIN is CA81783A1003. In connection with the Transaction, 12,825,000 incentive stock options have been granted on March 9, 2026 to directors, officers and consultants of the Company exercisable at a price of $0.26 per share and will vest over eighteen months, with 25% vesting on the grant date and an additional 25% vesting every six months thereafter, expiring March 9, 2036. Options granted to directors, officers and consultants of the Company are subject to restrictions on resale until July 10, 2026 in accordance with the policies of the TSXV. For more information regarding the Transaction and the Cameron Project, please refer to the Company's Filing Statement dated March 9, 2026 on March 18, 2026, under the ticker symbol"SEVA". It is anticipated that the Company will be listed on the TSXV as a Tier 1 Mining Issuer.In accordance with the requirements of the TSXV, the 80,000,000 Common Shares issued to FMGC in connection with Transaction . Under the terms of the Escrow Agreement, 25% of the Consideration Shares will be released upon issuance of the final bulletin of the TSXV in respect of the Transaction, and the remaining Consideration Shares will be released in subsequent 25% increments 6, 12, and 18 months after such date.Immediately prior to the completion of the Transaction, FMGC did not hold any shares of the Company. The Consideration Shares acquired by FMGC upon completion of the Transaction represent approximately 47.85% of the issued and outstanding Common Shares. The Consideration Shares were acquired by FMGC for investment purposes. FMGC may in the future acquire or dispose of Common Shares or other securities of the Company, through the market, privately, or otherwise, as circumstances or market conditions warrant. FMGC will file an Early Warning Report under National Instrument 62-103, which will be available on the Company's SEDAR+ profile atThe Cameron Project is located near Sioux Narrows in Northwestern Ontario, Canada, within Treaty Three Territory -- the traditional lands of the Anishinaabe people. The project is situated in one of Canada's most active and prolific gold districts, a region that has seen approximately $9.6 billion in M&A activity. The Cameron Project benefits from excellent year-round road access, existing on-site camp infrastructure, and grid power access. The Cameron Project hosts a NI 43-101 compliant Mineral Resource estimate, effective February 26, 2026, comprising 515,000 ounces Measured & Indicated and 740,000 ounces Inferred , supported by 118,810 metres of drilling. The Mineral Resource estimate was prepared by Mr. S. Bob Jankovic, P.Geo., of Snowden Optiro, in accordance with CIM Definition Standards , and is available under the Company's profile on SEDAR+ at. Mineral Resources are constrained by a conceptual open pit shell and underground stope shapes , based on a gold price of US$2,600/oz. Mineral Resources that are not Mineral Reserves do not demonstrate economic viability. No Mineral Reserves have been estimated for the Cameron Project. Seva has a 25,000 metre drill program planned, with Phase 1 targeting 6,000 metres aimed at growing and upgrading the resource. The Company enters the public markets debt-free, with a current EV/oz of C$29.58. Seva is committed to responsible resource development and to respectful, transparent, and ongoing collaboration with the Ojibways of Onigaming, Naotkamegwanning First Nation, Animakee Wa Zhing #37, and Northwest Angle #33 First Nation, honouring Treaty rights and Anishinaabe laws.The Fiore Group is a Vancouver-based private investment firm founded and led by Frank Giustra, focused on building and supporting high-potential companies in mining, resource development, and strategic investments. The firm has played a key role in the growth of companies including Dolly Varden Silver, West Red Lake Gold Mines, NexGold Mining, Selkirk Copper, Aris Gold, Nations Royalty, and Cambria Gold. Backed by deep capital markets expertise and a disciplined approach, Fiore partners with exceptional management teams to scale companies and create long-term value.Seva Mining Corp. is a Canadian gold exploration and development company backed by the Fiore Group and anchored by the Cameron Gold Project in Northwestern Ontario. The Company aims to unlock the full discovery potential of the Cameron Project through systematic modern exploration while delivering long-term value for shareholders. Seva enters the public markets with zero debt, a high-grade mineral resource of over 1.25 million ounces of contained gold, existing camp infrastructure, and a disciplined capital allocation strategy.The scientific and technical information contained in this news release has been reviewed and approved by Mr. Slobodan Bob Jankovic, P.Geo. , Principal Consultant at Snowden Optiro , who is a"Qualified Person" as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Jankovic is independent of the Company in accordance with NI 43-101 and is responsible for the 2026 Cameron Mineral Resource estimate, effective February 26, 2026.Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.Except for the statements of historical fact, this news release contains"forward-looking information" within the meaning of applicable Canadian securities legislation. When used in this news release, the words"estimate","project","belief","anticipate","intend","expect","plan","predict","may" or"should" and the negative of these words, or variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this news release include information relating to: the business plans and objectives of the Company. Such forward-looking information is based on the Company's expectations, estimates and projections as at the date of this news release. By their nature, forward-looking statement involve known and unknown risks, uncertainties and other factors, which may cause actual result, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern, risks associated with potential governmental and/or regulatory action with respect to the Company's operations, the potential inability of the Company to implement its business plan going forward, and failure to achieve the proposed benefits of the Transaction, Such statements and information reflect the current view of the Company and are based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to execute on its business plans. The Company has also assumed that no significant events will occur outside the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.Analysts told SCMP that Beijing could gain indirect leverage over the duration and cost of US military operations if exports or supply chains were restricted.Gold price advances as Trump remarks calm inflation fearsAluminum price surge propels Chinese tycoon to $48 billion fortuneLundin spends $215M to boost Chile footprint Lundin will buy an additional 5% interest in the Caserones mine, as well as a 31% stake in the Los Helados copper-gold deposit.About 40% of surveyed financial institutions do not check for illegal mining risks as part of their due diligence, a WWF report says.
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