Wildsky Resources Signs LOI to Acquire NewRidge Gold Project in Zimbabwe

09:58 AM EDT, 10/02/2026 (MT Newswires) -- Wildsky Resources (WSK.V) has signed a binding letter of intent to acquire the NewRidge gold project in Zimbabwe, as well as an option to purchase three adjacent mining claims. Wildsky said Friday that it will pay $100,000 upon signing of the definitive agreement. After six months, Wildsky will pay $200,000 in cash and issue 1 million shares. Once the title has been transferred to Wildsky's Zimbabwe subsidiary, the company will pay $1.7 million in cash and issue 4 million shares. As final payment, Wildsky will pay $1 million in cash and issue 6 million shares about six months after the title transfer.