capital · May 16, 2026
Bolt Metals Executes Option To Acquire Floralia High-Grade Iron Project In Brazil
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Bolt Metals Corp. executed a definitive option agreement dated May 12, 2026 with Max Iron Brazil Ltd. to acquire 100% of the Florália High Purity Iron Property in Minas Gerais, Brazil. Bolt will issue 26,800,000 common shares over 30 months and Max Iron will nominate one director to Bolt's board. Zachary Kotowych, CEO of Bolt, said with over $10 million raised in equity financings over the past 12 months Bolt is positioned to advance its portfolio including the Florália project and Northwind gold project. Bolt plans a 5,000-metre maiden drill program at Northwind in Quebec during summer and fall 2026.
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