Canasil Resources (TSX-V:CLZ.H) Celebrates 2025 Milestones and Prepares for Active 2026

3 min read | January 13, 2026 08:23 PM EST | By Sonal Goyal

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Canasil Resources (TSX-V:CLZ.H) Celebrates 2025 Milestones and Prepares for Active 2026 — Image source: Company website

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Highlights

In 2025, Canasil successfully completed all regulatory filings, resulting in the full revocation of the December 2023 CTO.

The company resumed trading on the TSX-V NEX Exchange on September 25, 2025.

A five-year option agreement with Amarc Resources was executed for the Brenda gold-copper project in BC.

Lil high-grade silver project claims in BC were extended to July 15, 2027, following reconnaissance and drone surveys.

Application for reinstatement to TSX-V Tier 2 was submitted in November 2025.

Canasil plans an active 2026, leveraging favorable gold, silver, and copper market conditions.

As Canasil Resources Inc. (TSX-V:CLZ.H) (DB Frankfurt:3CC) closes out 2025, the company celebrates regulatory milestones and positions itself for an active 2026. The company completed all necessary filings, and the Cease Trade Order (CTO) issued in December 2023 was fully revoked, allowing trading to resume on the TSX Venture Exchange (TSX-V). With a revitalized portfolio of gold-silver-copper projects in British Columbia, Canada, and Durango and Zacatecas States, Mexico, the company is set for multiple exploration initiatives in the coming year.

2025 Milestones: Regulatory Compliance and Strategic Partnerships

The year began with the execution of a five-year option agreement with Amarc Resources Ltd., allowing Amarc to acquire Canasil’s Brenda gold-copper project in north-central BC. The agreement, which includes annual cash payments of CAD 400,00 (Cumulative CAD 2 million over the 5-year option agreement term) and an escalating option exercise price from CAD 8 million to CAD 12 million over five years, ensures Canasil retains a 2% NSR and benefits from Amarc’s ongoing exploration efforts to maintain and advance the project claims.

Subsequent corporate developments strengthened the company’s leadership and reporting capabilities. Gary Nordin joined as Director and David Cross as CFO in February. By June, the company filed its 2023 and 2024 audited financial statements along with Q1 2025 interim report, bringing all reporting obligations up to date. These filings enabled an immediate application to the British Columbia Securities Commission (BCSC) for revocation of the CTO.

Trading resumed on the TSX-V NEX Exchange in September 2025, with nearly 20 million shares traded at an average price of CAD 0.033 from September 25, 2025, to January 09, 2026.

Strategic Exploration Partnerships Advance

In July, Freeport-McMoran exercised its right to include the Brenda tenure in its Mineral Property Earn-In Agreement for the JOY District with Amarc. By September, Freeport elected to proceed to Stage 2 of the agreement, committing an additional CAD 75 million over five years to increase its Amarc’s JOY District stake, now including Canasil’s Brenda project option, from 60% to 70%.

Exploration Highlights: Lil Silver Project

Canasil expanded reconnaissance efforts at the Lil high-grade silver project in British Columbia during the third and fourth quarter of 2025. Drone imaging and reconnaissance extended the claims to July 15, 2027, laying the groundwork for future exploration programs in 2026.

Looking Ahead: A Busy 2026

The company anticipates an active 2026, leveraging high gold, silver, and copper prices to advance its project portfolio. Key priorities include follow-up exploration at Lil, advancing Canadian and Mexican projects, and achieving reinstatement to the TSX-V Tier 2 Exchange, for which the application was submitted in November 2025.

Canasil shares closed 11.11% higher at CAD 0.050 per share on 13 January 2026.

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