An Australian mining company signed a Letter of Intent to acquire Golden Jubilee Property of Teras Resources Inc. for $0.55 million in May 2020. In return for a non-refundable payment of $100,000, Teras granted the mining company an exclusive period until October 31, 2020 to perform its due diligence. As of January 22, 2021, Teras extended the exclusive period until February 15, 2021. An Australian mining company completed the acquisition of Golden Jubilee Property of Teras Resources Inc. on March 18, 2021. Proceeds from the sale will be used to advance the companies other projects.