Thunderstruck Sources Proclaims Strategic Funding by Zhaojin International Gold Co. Ltd.
Vancouver, BC, Apr 1, 2026 – (ACN Newswire) – Thunderstruck Sources Ltd. (TSXV: AWE) (OTC: THURF) (the “Company” or “Thunderstruck”) is cosy to grunt that Zhaojin International Gold Co. Ltd. (SZSE: 000506) (“Zhaojin”), a Shenzhen Stock Replace-listed gold mining company and the owner and operator of Fiji’s Vatukoula Gold Mine, intends to form a strategic funding within the Company, marking Zhaojin’s first funding in an exploration company.
The proposed funding underscores rising strategic hobby in Thunderstruck’s extremely doable mineral portfolio in Fiji and is anticipated to relief the Company’s skill to attain its 2026 exploration priorities by alignment with a effectively-capitalized and skilled mining crew with a longtime working presence within the country.
Thunderstruck’s portfolio contains district-scale exploration opportunities doable for gold, silver, zinc and copper, and the Company believes Zhaojin’s funding represents a foremost validation of both its asset depraved and long-term enhance formula.
“Thunderstruck is uniquely positioned in Fiji with a portfolio that supplies both scale and discovery doable, and this partnership will meaningfully relief how we circulation those sources forward.” acknowledged Bryce Bradley, Thunderstruck’s Chief Government Officer. “Our goal is to construct long-term impress by disciplined exploration, sturdy technical execution and strategic partnerships, and this funding is a compulsory step in that job. Notably, all the contrivance in which by the most foremost year following Zhaojin’s acquisition of the Vatukoula Gold Mine, the mine modified into successfully restored to profitability, demonstrating the operational functionality that we’re searching for out in a associate.”
Phrases of Funding
Zhaojin, or its affiliates, will, straight or indirectly, enter into a subscription settlement (the “Subscription Agreement”) for such quantity of stylish shares of the Company that will record roughly 19.ninety 9% of the issued and prominent stylish shares of the Company following completion of the funding (the “Offering”).
The proposed funding will consist of 14,207,134 stylish shares of the Company at a impress of $0.11 per stylish portion, for combination execrable proceeds of CDN$1,562,784.74.
The get proceeds from the Offering are anticipated to be primitive to fund the Company’s 2026 exploration functions on its mineral possibilities in Fiji, apart from to for unprecedented working capital purposes. No finder’s charges are payable in reference to the Offering.
The Offering stays discipline to the execution of definitive documentation, alongside side the Subscription Agreement, and will likely be discipline to receipt of all required approvals, alongside side approval of the TSX Endeavor Replace and acceptable Chinese regulatory authorities.
In reference to the proposed strategic funding, the Company and Zhaojin also intend to enter into an investor rights settlement, pursuant to which, discipline to obvious prerequisites and possession thresholds, Zhaojin will likely be granted obvious rights, alongside side the real to appoint one director to the Company’s board of administrators and to designate a Vice President, Exploration for the Company.
About Zhaojin
Zhaojin International Gold Co. Ltd. (SZSE: 000506) is a Shenzhen Stock Replace-listed mining company headquartered in Jinan Metropolis, Shandong Province, People’s Republic of China. In Fiji, Zhaojin is the owner and operator of the Vatukoula Gold Mine, a traditionally foremost gold operation that has been in exact manufacturing for over 90 years and currently helps a group of workers of further than 1,300 workers and contractors.
Zhaojin’s controlling shareholder is Zhaojin Group, a vertically integrated gold mining endeavor with operations all the contrivance in which by mineral exploration, mining, processing, smelting, refining, gold bar manufacturing and gold jewellery manufacturing. Zhaojin Group is among China’s main gold producers with reported total consolidated gold manufacturing of roughly 600,000-700,000 ounces in 2025.
Warrant Extension
In other news, the Company proclaims that it intends to lengthen the expiry date of an combination of 536,666 prominent portion aquire warrants by two years.
The warrants had been within the foundation issued on July 7, 2023, and currently expire on July 7, 2026. Self-discipline to approval of the TSX Endeavor Replace, the Company intends to lengthen the expiry date of the warrants to July 7, 2028. All other terms of the warrants will stay unchanged, alongside side the usual exercise impress of $0.20 per warrant.
About Thunderstruck Sources
Thunderstruck Sources is a Canadian mineral exploration company enthusiastic in regards to the discovery of high impress copper-gold porphyry, gold-silver epithermal, and VMS depraved-steel deposits on the most foremost island of Viti Levu in Fiji.
Fiji has an extended historical previous of mining with over 90 years of exercise at the prolific Vatukoula Gold Mine alongside several other progressed constructing initiatives and mines alongside side Tuvatu (Lion One Metals), Indicated Sources of 1.00 Mt @ 8.forty eight g/t Au (274,600 oz), Inferred Sources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newmont), Proven, Measured and Indicated Sources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M ozAu and 6.3Mt Cu) (Newcrest Annual Mineral Sources Update, June 2022).
The Company supplies merchants with publicity to a various portfolio of exploration stage initiatives with doable for zinc, copper, gold and silver in a politically safe and exact jurisdiction. Thunderstruck trades on the Toronto Endeavor Replace (TSX-V) below the image “AWE” and United States OTC below the image “THURF.”
For extra recordsdata, please contact:
Bryce Bradley, Chief Government Officer
Email: bryce@thunderstruck.ca
P: +1 604 349-8119
or, traipse to our web place: http://www.thunderstruck.ca
Neither the TSX Endeavor Replace Inc. nor its Regulation Services Provider (as that term is defined within the policies of the TSX Endeavor Replace) accepts responsibility for the adequacy or accuracy of this start.
This news start contains obvious statements that will likely be deemed “forward-looking statements”. Though Thunderstruck believes the expectations expressed in such forward-looking statements are in step with cheap assumptions, such statements are no longer ensures of future efficiency and accurate results may maybe vary materially from those in forward looking statements. Ahead looking statements are in step with the beliefs, estimates and opinions of Thunderstruck’s administration on the date the statements are made. Except as required by legislation, Thunderstruck undertakes no duty to update these forward-looking statements within the tournament that administration’s beliefs, estimates or opinions, or other components, have to still alternate.
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Topic: Press start summary
Supply: Thunderstruck Sources Ltd
Sectors: Metals & Mining
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