Psyence Group Inc. has announced that it has entered into a letter of intent to acquire Goldcoast Resource Corp. The acquisition will involve Psyence acquiring all issued and outstanding securities of GoldCoast, a company known for its environmentally responsible shallow-water mineral exploration off the coast of Ghana. As part of this agreement, Psyence will provide a US$250,000 secured loan to GoldCoast, which will aid in the preparation and submission of an exploration license application and a NI 43-101 Qualified Persons report. The company's common shares are expected to remain halted pending further review and conditions satisfaction. Psyence will provide updates as more material information becomes available.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Psyence Group Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1064233) on August 22, 2025, and is solely responsible for the information contained therein.