Star Diamond Corporation (TSX:DIAM) entered into a binding agreement to acquire remaining 75% stake in Fort à la Corne Joint Venture from Rio Tinto Exploration Canada Inc. on November 28, 2023. Star Diamond will issue to RTEC and/or an affiliate that number of common shares of Star Diamond that results in RTEC and its affiliates owning 19.9% of the then outstanding common shares of Star Diamond (RTEC and its affiliates currently own approximately 2.3% of Star Diamond's outstanding common shares). Upon completion of the transactions that are the subject of the Agreement, Star Diamond will have full control and responsibility for the Project, the existing joint venture agreement between RTEC and Star Diamond will terminate, and Star Diamond will release and indemnify RTEC for liabilities arising from or relating to the Project, all in exchange for a CAD 4 million payment from RTEC to Star Diamond. RTEC has agreed that it will provide on Star Diamond's behalf, for up to five years following closing, letters of credit in the aggregate amount of no more than CAD 9.9 million to secure certain environmental remediation and reclamation obligations related to the Project. Star Diamond will be obliged to repay any amounts drawn on these letters of credit and such repayment obligations will be secured against the Project and its assets. Completion of the transactions contemplated by the Agreement is subject to various closing conditions including receipt of all required Governmental approvals and the approval of the Toronto Stock Exchange for the issuance of additional common shares of Star Diamond to RTEC. The transaction is expected to close in end of March, 2024.

Star Diamond Corporation (TSX:DIAM) completed the acquisition of remaining 75% stake in Fort à la Corne Joint Venture from Rio Tinto Exploration Canada Inc. for CAD 8.1 million on March 26, 2024. In connection with the completion of the transaction, Star Diamond issued 108,204,112 common shares to Rio Tinto Exploration Canada, such that Rio Tinto Exploration Canada and its affiliates now own in the aggregate, 119,315,222 common shares representing a 19.9% of Star Diamond's issued and outstanding common shares. Following the completion of the transaction, Star Diamond now owns 100% of the Fort à la Corne Project.