Prospector Metals and Lightning Resource Corp. Provide Update on Transaction
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2026) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET0) ("Prospector") and Lightning Resource Corp. (formerly BeMetals Corp.) (TSXV: LTNG) (OTCQB: BMTLF) (FSE: 1OI.F) ("Lightning" and, together with Prospector, the "Companies") in connection with Lightning Resources Corp. commencing trading at the market open under its new name and stock symbol "LTNG", the Companies today announced that they have agreed to extend (i) the Escrow Deadline (as defined herein) for the previously announced non-brokered private placement of subscription receipts (the "Offering"); and (ii) the outside date for the completion of the previously announced acquisition of assets pursuant to the share purchase agreement dated April 15, 2026 between the Companies and Lightning Exploration Corp. (formerly Prospector Subco Ltd.) ("Subco") whereby BeMetals will acquire all of the issued and outstanding shares of Subco, a wholly-owned subsidiary of Prospector which will hold Prospector's remaining viable non-Yukon mineral exploration projects (the "Transaction"), in each case August 31, 2026.
