Muzhu Mining to Re‑brand as Grenville Mines, Eyes Up to 75% Stake in High‑Grade Everett Titanium Project in Quebec

Canadian explorer Muzhu Mining Ltd. — soon to be renamed Grenville Mines Inc. — announced on November 28, 2025 that it has signed a definitive option agreement with Romaine River Titanium Inc., giving Muzhu the right to earn up to a 75% interest in the Everett Titanium Property in Québec. The Everett Property spans 2,406 hectares (about 5,946 acres) and comprises 49 mineral tenures. Historically, 34 diamond drill holes and subsequent surface sampling (71 closely‑spaced sites plus two bulk‑sample sites) delineated a significant mineral resource. Metallurgical and mineralogical analyses from commercial and university labs have shown high recoveries of titanium (Ti), iron (Fe), and phosphorus (P) in concentrates. Notably, the site lies just 3 km from the existing producing titanium mine Lac Tio Mine, operated by Rio Tinto Fer et Titane — one of the world’s largest hard‑rock ilmenite (FeTiO₃) deposits. This proximity provides significant infrastructure advantages. Under the Option Agreement, Muzhu may earn a 50% stake (Phase 1) by delivering cash payments, issuing shares, and funding exploration commitments through 2029. If a positive feasibility study is completed by September 30, 2030, Muzhu may further exercise an option to reach a 75% interest (Phase 2). Upon exercising the full option, the two companies will form a joint venture. To support the acquisition and development, Muzhu (soon Grenville Mines) plans a non‑brokered private placement offering of up to USD 750,000 — split between common units and “flow‑through” units. Funds from this offering will finance the initial option payment, exploration work, and metallurgical testing on the Everett Property. The name change to Grenville Mines is intended to reflect the company’s renewed strategic focus on the Everett titanium project and broader interests in critical minerals. Completion of the rebranding awaits regulatory approval concurrent with the closing of the offering. #titanium #miningnews #Quebec #criticalminerals #SlimScan #GrowthStocks #CANSLIM