Goliath Resources Limited (GOT.V) entered Thursday into an agreement to amend its existing property option agreement with The J2 Syndicate and J2 Syndicate Holdings Ltd. to "fast track" its ownership in the Golddigger Property located in the Golden Triangle, B.C. that hosts the high-grade Surebet gold discovery to 100%, from 40%. It will also reduce the Net Smelter Returns held by the syndicate from 3% to 2% for consideration including the issuance of 3 million Goliath common shares to the syndicate (no warrants) not later than March 15, 2026. The proposed transaction is subject to TSXV approval.

The company in a statement said other significant amendments to the existing property option agreement include: Goliath is to publish a Maiden Resource Estimate (MRE) on the Golddigger Property or before June, 1 2030, and on every 3 year anniversary of June 1, 2030, thereafter vs. the requirement in the original agreement to publish the MRE by June 1, 2027, and every 3 year anniversary thereafter.

Goliath will pay the Syndicate US$1 for every gold equivalent ounce over 4 million gold equivalant ounces in the MRE vs. the requirement in the original agreement to pay the Syndicate US$1.0 million plus US$1 for every gold equivalent ounce over 2 million gold equivalent ounces; also, should there be a change of control of Goliath prior to Goliath publishing a MRE, the acquirer would generally assume Goliath's obligations under the amended agreement although the requirement to deliver an Initial Resource Report (MRE) would be changed from June 1, 2030, to the third anniversary of the date of completion of the Change of Control transaction and the payment exemption for the first 4 million gold equivalent ounces in the MRE would be removed.

The company's key strategic cornerstone shareholders include Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (NYSE and TSX: MUX), Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress.

Shares in GOT fell 4.2% in Canada yesterday.