Totec Resources Completes Acquisition, Eyes Trading Resumption

Totec Resources Ltd. has finalized its acquisition of 1540359 B.C. Ltd., completing a transaction that allows the company to indirectly own 489 mineral claims of the White Willow Property in the Thunder Bay Mining Division. This significant development marks Totec's qualifying transaction and is expected to lead to trading resumption under the symbol "TOTC" on January 21, 2026, subject to regulatory approvals.

The acquisition, conducted through a share purchase agreement, included the issuance of 35.5 million common shares and a cash payment to Usha Resources Ltd. Additionally, the transaction resulted in a strategic consolidation of shares and issuance of new ISIN and CUSIP identifiers, alongside obtaining net smelter return royalties agreements.

Consequently, Subco's private placement raised $4.5 million, and leadership roles within Totec were confirmed with Deepak Varshney continuing as CEO. Totec now aims to hold its annual general meeting in March 2026, focusing on director elections and equity plans.