The Company had held property in this region of Northern Ontario since 2004. During the year ended December 31, 2020, the Company sold its remaining interests in the McFaulds Lake and area properties to Juno, a private company. As consideration for the properties, the Company received $55,000 in cash and 500,000 common shares in the capital of Juno. The fair value of the common shares received was $0.20 per share, determined using Juno’s share price for its most recent financing prior to the transaction. The fair value of the shares received was valued at $100,000 and the total consideration received of $155,000 was recorded as other income in the statements of loss and comprehensive loss. On January 22, 2021, the Company sold all of its shares in Juno to various third parties for a total sum of $185,000 representing a price of $0.37 per share.