Solid Gold Resources Corp. Obtains Final Court Order for Plan of Arrangement

Solid Gold has obtained the final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement. Under the Transaction, AAARC will acquire Solid Gold's Lake Abitibi mining claims and related project assets.

August 31, 2026 Final court order obtained Q4 2026 expected closing

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Court approval | August 31, 2026

Final order approves the plan of arrangement

The Ontario Superior Court of Justice (Commercial List) granted the Final Order approving the Transaction.

Purchased assets

Lake Abitibi claims and related assets

AAARC will acquire Solid Gold's mining claims covering more than 21,000 hectares, together with related rights, data, permits and assets.

Next step

Customary closing conditions remain

The Transaction remains subject to the satisfaction or waiver of certain customary closing conditions and is expected to close in the fourth quarter of 2026.

Lake Abitibi, Ontario

Solid Gold Resources Corp.

The AAN arrangement agreement is the culmination of several years of determined effort to explore the mineral potential of the area identified by the late Dr. John Kirwan as the most prospective area in the region.

It was on Dr. Kirwan's recommendation that Tangcoh Gold was formed and staked the initial claim block in 2007.

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Regional map showing the Solid Gold property near Lake Abitibi and the Holt-Holloway and Holt-McDermott mine complex. — Legacy Gold Project claim block in the Lake Abitibi area, adjacent to the Holt-Holloway mine complex.

Project Snapshot

A prospective land position returning to exploration

Solid Gold holds a contiguous mining claim package in Northern Ontario, in one of Canada's most productive gold districts.

1,182mining claims in the 2026 transaction release

21,000+hectares near Lake Abitibi

Treaty 9territory-centered transaction structure

2026arrangement agreement announced

News

Latest news

Recent announcements and updates from Solid Gold Resources Corp.

Solid Gold Resources Corp. Obtains Final Court Order for Plan of Arrangement

Solid Gold obtained the final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement.

Read featured release

Previous Update | August 26, 2026

Shareholders vote in favour of the arrangement transaction

Solid Gold announced that shareholders represented at the Special Meeting voted in favour of the plan of arrangement involving Solid Gold, Apitipi Anicinapek Nation and Apitipi Anicinapek Asini Resources Corp.

Read results update

In the Media | August 4, 2026

Mining claims deal ends years-long Solid Gold Resources dispute

Northern Ontario Business reported on the proposed Apitipi Anicinapek Nation acquisition of Solid Gold's Lake Abitibi mining claims and the path toward Indigenous-led exploration.

Read media summary

Archived materials | July 21, 2026

Special meeting documents

The July shareholder meeting materials remain available for reference, including the circular, notice of meeting and notice-and-access notification.

View archived materials

June 10, 2026

Timmins Mining Expo luncheon

Minister Steven Lecce, AAN Chief June Black, Minister George Pirie, consultant Ken Petersen, AAN councillor Maurice Kistabish, SG founder Andre Tanguay.

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News Release | June 5, 2026

AAN arrangement agreement

Solid Gold announced an arrangement agreement with Apitipi Anicinapek Nation and Apitipi Anicinapek Asini Resources Corp. for the Lake Abitibi mining claims and related project assets.

Read the update

Latest Development

Final court order obtained for arrangement transaction

On August 31, 2026, Solid Gold obtained the final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement.

The transaction is designed to transfer Solid Gold's Lake Abitibi mining claims and related project assets to AAARC. It remains subject to the satisfaction or waiver of certain customary closing conditions and is expected to close in the fourth quarter of 2026.

View transaction details

Economic reconciliation

AAN will hold majority ownership and board control of AAARC, enabling Indigenous participation, consent and benefit.

Shareholder context

Cash consideration is to be applied first to Solid Gold liabilities and legacy creditors. Any remaining cash and all share consideration would then be distributed pro rata to non-dissenting shareholders, subject to approvals and closing conditions.

Responsible exploration

The land position would return to active exploration after more than a decade of dormancy.

Treaty 9 territory

The new structure is intended to advance exploration with the participation and priorities of AAN.

Dr. John Kirwan Legacy

A project founded on structural geology

Dr. John L. Kirwan, a Timmins-based consulting geologist whose doctoral thesis covered the Porcupine Gold Camp, identified the regional mineral potential that led to the formation of Tangcoh Gold, now Solid Gold Resources Corp.

Porcupine-Destor Fault focus
Lake Abitibi claim block
Holt-Holloway area setting

Read the legacy story

Dr. John L. Kirwan, consulting geologist. — Dr. John L. Kirwan, whose recommendation led to the 2007 staking of the initial claim block.

Airborne magnetic vertical gradient map for the Legacy Gold Project. — Airborne magnetic vertical gradient map showing interpreted structural corridors.

Exploration Context

Multiple lines of evidence for follow-up testing

The Legacy Gold Project straddles the interpreted North Branch of the Destor-Porcupine Fault Zone, immediately north of the Holt-Holloway mine complex. Historical and Solid Gold exploration work identified structural targets, geophysical conductors and three discrete areas of mineralization.

Technical note: The mineral property is not the subject of a current NI 43-101 technical report, and there is no current mineral resource or mineral reserve estimate. Historical exploration information is summarized at a high level only.

View exploration summary