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Canstar receives initial payment and shares from Churchill for Golden Baie project option.

Company Fundamentals
30 Mar 2026
Newsfile Corp
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Bullish
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Canstar Resources has received an initial cash payment of $208,167 and 15.8 million shares from Churchill Resources as part of an option agreement for the Golden Baie gold–antimony project in Newfoundland. This deal allows Canstar to potentially increase its ownership in Churchill up to 9.99% over 24 months through additional share tranches. The company also secured a $150,000 grant from the Newfoundland government to support exploration at its Mary March Project. These developments strengthen Canstar's position in promising mineral exploration projects in Newfoundland.

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