ACTIVE PARTNERSHIPS


Transition has established joint venture partnerships with a number of companies that are earning an interest in a Transition property by providing a blend of cash, shares and royalties, and committing exploration expenditures to the property.

Subsidiary Company

Sudbury Platinum Corp. is a Canadian private corporation focused on exploring for nickel, copper and platinum group metals in the Sudbury region. The company was founded as a subsidiary of Transition Metals to explore the Aer-Kidd Property, an advanced exploration property located on the prospective Worthington Offset dyke, in the heart of the Sudbury mining camp.

 

Transition owns 15,000,000 common shares of Sudbury Platinum Corp. which represents a 36% ownership interest in the company as of November 2016. Sudbury recently completed a private placement bringing in proceeds of $3.3 million to advance the Aer-Kidd project priced at $0.30/.

 
Active Projects:

Subsidiary Company

Canadian Gold Miner Corp. (CGM) is a Canadian private corporation established as a subsidiary by Transition Metals to acquire, assemble and finance a consolidated portfolio of quality gold exploration projects in the prolific southwest Abitibi Greenstone Belt. Canadian Gold Miner has assembled  >165 square kilometres of exploration projects situated on key structures in the prolific Abitibi greenstone belt.

CANADIAN GOLD MINER OWNERSHIP

Transition owns 15,000,100 shares of CGM representing a 65% ownership. In August, Canadian Gold Miner raised $495,000 at $0.10 per common share. Canadian Gold Miner seeks to raise an additional.

 
Active Projects:

Joint Venture

Impala Platinum Holdings Limited ("Implats"), the world's second largest primary platinum producer, and Transition Metals established a joint venture on the Sunday Lake platinum property, in March 2014. The JV partnership was developed as a result of the strategic alliance between the two companies.

 

Under the terms of the Joint Venture agreement, Implats will fund 100% of expenses on the project and Transition will hold a 25% free carried interest through to the completion of a Feasibility Study.

 

Transition retains the right to secure a controlling interest in the project in the event that Implats chooses to discontinue or limit future funding.

 
Active Projects:

Strategic Alliance

Nunavut Resources Corporation (NRC) is a private, Inuit-owned resources corporation that strategically invests in major resource and infrastructure projects, in Nunavut.

  • Alliance: Transition Metals has a five-year strategic alliance (2012-2017) with NRC for mineral project generation and exploration in the Kitikmeot Region (KI) of the Territory of Nunavut.
  • Funding: NRC seeks to raise a minimum of $18 million to be invested in exploration by Transition, within the Kitikmeot region.
  • Mechanics: The two companies identify properties of interest, and form project joint venture (JV) partnerships to conduct further exploration activities that will lead to the discovery of economic ore deposits, and ultimately to the development of mines and infrastructure in the region.
  • Focus: The alliance is primarily targeting gold, base metals and diamonds in the Kitikmeot Region of Nunavut, and is focused on Inuit Owned Lands, although it is also evaluating Crown Lands opportunities.
  • Progress: The Alliance has developed a 166 km² portfolio of gold focused exploration projects within close proximity to the proposed Izok Lake – Grays Bay road and port development corridor in Nunavut. NRC has conveyed its interest in these projects to a subsidiary called West Kitikmeot Gold which seeks to advance projects including: Itchen Lake, Arcadia Bay, Fire Shear, and Anialik.
Active Projects:

Joint Venture

Gowest Gold is a Canadian gold exploration and development company focused on the Timmins gold camp that optioned the Pipestone Property from Transition Metals in April, 2011.


Gowest Gold is a Canadian gold exploration and development company focused on the Timmins gold camp that optioned the Pipestone Property from Transition Metals in April, 2011.

 

Gowest can earn a 60% in the Pipestone Property by making cash payments of $100,000, issuing 400,000 common shares of Gowest to Transition and incurring exploration expenditures of $1,000,000 by the 36 month anniversary of the agreement.

 

Gowest retains the one time option upon vesting its 60% interest to increase its ownership to 75% by issuing an additional 150,000 common shares and incurring an additional $2,000,000 in exploration expenditures within two years.

Option Agreement

Aldershot Resources Ltd. (ALZ.V)is a public exploration company focused advancing the Gowganda Gold property which hosts the Haultain discovery, a gold discovery made by Transition Metals and local prospector Sherry Swain. The 3,456 hectare Haultain Property is located in the prolific Abitibi Greenstone Belt of Canada. The Abitibi belt has produced over 170 million ounces of gold.

 

The project hosts a zone of widespread alteration and gold mineralization associated with a suite of syenitic intrusions and structures similar to other significant gold deposits exploited elsewhere throughout the Abitibi Greenstone Belt.

 

OPTION AGREEMENT

Aldershot can earn an initial 51% interest and up to a 75% interest in the Company’s Gowganda Gold project (the Property) near Kirkland Lake by incurring cumulative work expenditures of $2.0 million, issuing 1,500,000 common shares to Transition on signing, and providing an additional $450,000 worth of Aldershot shares to Transition by the second anniversary.

 

Upon earning an initial 51% interest, Aldershot may opt to acquire an additional 24% interest in the Claims (for a total of 75%) by committing to completing a feasibility study. During the option period Transition has agreed to serve as project operator.