Athena Gold Corporation (OTCPK:AHNR) entered into an agreement to acquire a 15.8% stake in Nubian Resources Ltd. (TSXV:NBR) from 2176423 Ontario Ltd. for CAD 0.77 million on December 22, 2023. Athena will acquire 10,000,000 common shares in the capital of Nubian Resources. In consideration of the Nubian Shares, Athena will issue 16,546,669 common shares in the capital of the Company.

The transaction is subject to approval by the Canadian Stock Exchange.