The Lagoa Salgada Project is covered by a single exploitation permit (mining concession) held by Redcorp Empreendimentos Mineiros, LDA.
Redcorp holds an 85% stake in the Lagoa Salgada Project and also acts as the operating entity. The remaining 15% stake is held by the Mining Development Company (Empresa de Desenvolvimento Mineiro, SA).
Redcorp is co-owned by Ascendant Resources Inc. (Ascendant) and Mineral & Financial Investments Limited (M&FI). Ascendant holds an 80% interest in the Lagoa Salgada Project through its position in Redcorp Empreendimentos Mineiros, LDA ("Redcorp").
On May 20, 2025, Cerrado Gold Inc. and Ascendant Resources Inc. announced the successful completion of a plan of arrangement under the Business Corporations Act, pursuant to which Cerrado acquired all of the issued and outstanding common shares of Ascendant that it did not already own, resulting in Ascendant becoming a wholly owned subsidiary of Cerrado.

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