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Starcore sells Ajax Property to Korestar with share issuance and work commitments, forming new advisory committee.

Company Fundamentals
24 Mar 2026
Newsfile Corp
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Bullish
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Starcore International Mines has agreed to sell its 100%-owned Ajax Property in British Columbia to Korestar Exploration Inc. The deal includes Korestar issuing 2.5 million shares to Starcore, cash payments, and work commitments over 36 months, plus a 2.5% NSR royalty with a buyback option. Starcore has not developed the property since acquiring it in 2015 and sees this sale as a way to advance the project while retaining interest. Additionally, Starcore announced the formation of an Advisory Committee to provide strategic and technical guidance to management, chaired by Silvia Muzi, enhancing governance and growth efforts.

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