G
reen River Gold Corp. is expanding into real estate development, focusing on the Edmonton and Northern Alberta region starting in early 2025. This new business will be a separate division led by an experienced senior manager with expertise in real estate development.

    The Company's primary focus remains exploration and development of its mineral properties in British Columbia. Green River has signed a letter of intent to partner with an Edmonton-based developer and property manager to develop multi-family residential units, including new building projects. The partnership aims to invest primarily in affordable housing options.

    Perry Little, President and CEO, notes that this diversification move is driven by the need for cash flow and reduced reliance on capital markets for exploration funding. He highlights Edmonton's growing population, relatively low prices, and favorable tax environment as attractive factors for real estate investment. The Company will focus on building smaller multi-unit rental properties in established neighborhoods, leveraging new zoning bylaws that came into effect in 2024.

    Green River expects to close its $900,000 convertible debenture offering within the next few days, announced late in 2024. Further announcements and project details will be shared as they are finalized.