A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF) has successfully liquidated its remaining marketable securities, specifically shares in Buda Juice Inc., generating US$2,249,048 in proceeds. This transaction follows an earlier disposition in November 2025, bringing the total gross proceeds to US$2,749,048. The company achieved an internal rate of return exceeding 20% on this investment.
Strategic Use of Proceeds
The funds will be strategically allocated to advance the company's exploration program, strengthen its balance sheet, and evaluate new opportunities. CEO Marc Enright-Morin emphasized that this capitalization positions the company strongly to pursue its strategic goals, thanking stakeholders for their support in reaching this milestone.
Saint John Project Exploration Plans
The immediate focus is on the Saint John Project in New Brunswick, a district-scale IOCG/porphyry exploration target. The project covers 101 km² in a Tier-1 mining jurisdiction, located just 20 km west of Saint John and 50 km from the U.S. border. It benefits from exceptional infrastructure, including highways, rail, a deep-water port, power stations, and a skilled local workforce.
The exploration program will commence with surface sampling and trenching, followed by drone MobileMT + IP surveys across the entire project to refine drill targets, with a budget of approximately CAD $300,000. A maiden 2,000m RC/DD drill program is planned at the Little Lepreau prospect.
Geological Highlights
The Saint John Project provides exposure to precious metals like gold and silver, as well as copper (an energy transition metal) and antimony (a critical mineral). Key prospects include:
- Little Lepreau Prospect: Surface samples have shown gold up to 41.6 g/t, silver up to 1,600 g/t, copper up to 7.64%, and antimony over 1%. Magnetic data from a high-resolution survey has identified multiple magnetic low response areas similar to the Roadside Quarry mineralization.
- Prince of Wales Prospect: Surface samples indicate gold up to 11.4 g/t, silver up to 1,050 g/t, copper up to 10.55%, and lead up to 18.85%.
- Hideaway Prospect: Surface samples show gold up to 1.7 g/t, silver up to 8 g/t, and copper up to 2.01%.
Geological results have been previously disclosed by Riversgold in press releases on the Australian Stock Exchange dated January 29, 2025, and April 9, 2025. The company is moving forward with excitement, leveraging this financial boost to expand on work performed in 2025 and drive value in this promising mining venture.
