• GreenLight Metals signed binding term sheet with Barrick for staged earn-in joint venture at Kalium Canyon gold project in Nevada.
• Barrick can earn 60% by spending USD 7.5 million on qualifying exploration over six years, limited to direct project costs, with USD 1 million in cash payments to GreenLight.
• Option to lift stake to 70% via additional USD 12 million of exploration spend over four years.
• Option to reach 80% by completing pre-feasibility study within 48 months, funded solely by Barrick, with Barrick set to operate joint venture once Stage 1 vests.
• Long-form agreement not yet signed; term sheet remains binding, with Barrick able to walk away before vesting while leaving Kalium Canyon 100% with GreenLight.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenlight Metals Inc. published the original content used to generate this news brief on May 07, 2026, and is solely responsible for the information contained therein.