Vancouver, B.C. – May 14, 2026 – TheNewswire – IDEX Metals Corp. (“IDEX” or the “Company”) (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that it has entered into a mineral property option agreement, dated May 13, 2026 (the “Option Agreement”) with WestGold Metals Corp. (“WestGold”), traded on the Canadian Securities Exchange (the “CSE”) under the symbol “WGM.CN”, and Silver Rock Resources, Inc., a wholly-owned subsidiary of the Company (the “Optionor”), pursuant to which the Company has granted to WestGold an exclusive option (the “Option”) to acquire a 90% interest in three of the Company’s exploration properties located in the State of Idaho, USA: the Amie Project, the Silver Rock Project, and the Demming Project (together, the “Properties”). The proposed transaction is expected to provide the Company with non-dilutive exposure to exploration success at the Properties through a combination of a cash payment, equity consideration, exploration expenditures, and a retained royalty interest. WestGold is at arm’s length to the Company and the Optionor, and the Option does not constitute a related party transaction.
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Brief Summary
IDEX Metals Corp. has announced a significant development through its exclusive option agreement with WestGold Metals. This move comes as a strategic advance for IDEX, enhancing its exploration portfolio in Idaho. Key features of the agreement include:
- WestGold obtaining a 90% interest in IDEX’s exploration properties.
- A cash payment and equity considerations boosting IDEX’s immediate financial resources.
- Increased exploration activities without diluting shareholder equity.
This partnership positions IDEX to leverage exploration success while retaining significant interests in its projects. Why it matters: This option agreement marks a pivotal step in IDEX’s growth strategy, ensuring they remain competitive in the mining sector.
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