Ridgestone Mining Inc.

Description

Ridgestone Mining Inc. is a Canadian micro-cap explorer whose current focus has shifted to the Las Pilas rare-earth and critical-minerals opportunity in southern British Columbia. The investment case is a low-enterprise-value re-rating opportunity if exchange approval, financing and field exploration validate Las Pilas, while the company retains limited legacy exposure to impaired Mexican mineral claims.

Las Pilas covers the Rock Candy Creek / Fluorine Lake structural corridor and historically mined fluorite occurrences. At the latest reporting date, the option remained subject to TSXV acceptance and no option payments had yet been made. Ridgestone must complete staged cash/share payments and exploration expenditures to earn 100%, subject to a 2% NSR.

List of Projects:

Project 1: Las Pilas, British Columbia, Canada — Rare Earth Elements / Flagship Option / Early Exploration
Two claims totaling approximately 1,202 ha, with additional historical title applications. Contains fluorite workings and prospective fault-controlled hydrothermal REE/critical-mineral targets. No current resource or economic study.

Project 2: Alaska Property, Sonora, Mexico — Gold-Copper / 100%-owned / Inactive & Impaired
Ten concessions including the El Cobre area and historical gold-copper workings. Security and political concerns led to a major impairment, leaving a nominal carrying value.

Project 3: Rebeico, Sonora, Mexico — Legacy / Exited / Not Current
The option was discontinued in 2023 after limited prospectivity and contractor difficulties. It is no longer an active Ridgestone project.

Project 4: Guadalupe y Calvo, Chihuahua, Mexico — Legacy / Terminated / Not Current
The option was terminated in August 2023 and Ridgestone no longer owns the project. No historical ounces are included in current valuation.

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