Golden Rapture Mining Corporation (CSE: GLDR) has granted Mine CA Gold Ltd an option to acquire up to a 75% undivided interest in the mining claims known as the Phillips Township Gold Project in Ontario. The option was granted under an earn-in and joint venture agreement signed on July 30, 2025. Under the agreement, Mine CA Gold will now be the operator and can earn up to a 75% interest by making specific cash payments, issuing shares to Golden Rapture, and funding exploration expenditures.
Deal Structure
The agreement is split into two key phases:
First Option – acquire 51% interest by:
- Paying US $50,000 by September 30, 2025
- Committing US $500,000 in exploration in Year 1 and another US $500,000 in Year 2
- Issuing 1,000,000 shares immediately (12-month hold period)
- Issuing another 1,000,000 shares after 12 months (6-month hold period)
- Making a US $500,000 payment on or before the first anniversary of the agreement
- Making an additional US $500,000 payment on or before the second anniversary
Second Option – earn an additional 24% (totaling 75%) by:
- Incurring US $1.5 million in cumulative exploration expenditures
- Paying US $500,000 on or before the third anniversary
- Paying US $500,000 on or before the fourth anniversary
- Paying US $500,000 on or before the fifth anniversary
Once the full 75% threshold is met, Mine CA Gold becomes the project operator for all future exploration programs.
Why This Is Great
This joint venture is a strategic win for Golden Rapture at a critical time. With its share price hovering near record lows, the deal injects much-needed capital—up to US $3 million in payments—without forcing the company into dilutive financing or raising capital during a weak market. At the same time, Mine CA Gold will provide US $2.5 million in exploration funding over the next five years and take on operational control, accelerating development. This structure allows Golden Rapture to maintain exposure to potential high‑grade discoveries while minimizing financial risk.
Richard Rivet, President and CEO of Golden Rapture Mining, stated in the August 12, 2025 news release: “We are very pleased with the fact that this partnership will put cash in our bank account and will significantly accelerate the development of the property without Golden Rapture having to raise additional funds or face additional dilution, especially at a time when our share price is at near record lows.”
Additional Project Opportunities
Golden Rapture is also advancing two newly acquired high‑grade gold projects: the Hutchison Mine and Bully Boy Mine. This expansion broadens the company’s portfolio and adds multiple past‑producing, high‑potential targets for future discovery and development. With Mine CA Gold focusing on Phillips Township, Golden Rapture can direct resources toward these additional assets while retaining upside across all three projects—enhancing its growth trajectory and investor appeal.
According to the same release, the company is “looking forward to exploring its two newly acquired high‑grade gold projects being the Hutchison Mine and Bully Boy Mine.”
Company Overview
Golden Rapture Mining is a newly listed exploration company engaged in the acquisition, exploration, and development of high-potential gold projects. Its portfolio includes three highly prospective past-producing high-grade gold systems: the Phillips Township Gold Project with 18 mine shafts, the Bully Boy Mine, and the Hutchison Mine.
What It Means Going Forward
- Golden Rapture (CSE: GLDR) locks in funding and upside: The company can benefit from future discoveries without further out-of-pocket costs.
- Mine CA Gold steps in as operator: Taking charge of exploration and development could speed up project milestones.
- No dilution for shareholders: Instead of issuing new shares, capital is raised through structured payments and an existing share issuance plan.
- Potential success story ahead: A well-funded and actively managed JV could unlock value at the Phillips Township site—and provide leverage if gold prices rise.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website.
