BOSTON - Sept. 22, 2025 - PRLog -- Community Redevelopment Inc., a Colorado registered company or the "Company") is pleased to announce that it has signed a Gold Production Contract with Mine CA Gold Ltd., a Wyoming corporation that owns the Phillips Township Project, a Canadian-based gold property with significant development potential. This landmark agreement provides us with both an immediate financial stake and the opportunity to expand its ownership participation in gold production revenues over the life of the mine.
Under the terms of the agreement, we will make an initial US$200,000 investment, which entitles the Company to repayment of principal within two years, along with an ongoing 2% share of net gold production profits (net of production costs, audited by an accredited accounting firm). In addition, we have secured an exclusive option to increase our participation by acquiring up to a 10% share of net production profits through further staged investments of US$200,000 per 1% interest, up to a maximum of US$2 million. This option is valid for 12 months from the effective date of the contract, August 14, 2025. We will also have the right to register a lien against Mine CA Gold's net receipts corresponding to its purchased interest, ensuring security for its investment.
Gold production from the Phillips Township Project is anticipated to begin no earlier than August 2026, contingent upon receiving all necessary permits to mine and extract gold and any other saleable metals. A detailed set of production estimates has been provided for review as part of the agreement.
"This agreement marks a transformative milestone for Community Redevelopment Inc. as we strategically expand into the gold sector," said Phil Sands, CEO & President. "By securing long-term rights to participate in the Phillips Township Project, we are positioning us for exposure to gold production revenue streams at a time when demand for precious metals continues to grow globally. This partnership not only diversifies our portfolio beyond real estate and redevelopment but also provides the potential for significant, scalable cash flow for many years to come."
Mine CA Gold Ltd. President Russell Smith added: "We are excited to welcome Community Redevelopment as a strategic partner. Their investment provides valuable support for advancing the Phillips Township Project toward production. The framework of this agreement ensures both parties benefit as we unlock the potential of this Canadian gold property."
The Phillips Township Project is located in a proven gold-bearing region of Canada, with favorable infrastructure, established mining history, and strong potential for expansion. With permitting underway, Mine CA Gold Ltd. is preparing for a staged development strategy designed to optimize capital efficiency and ramp up production sustainably.
This agreement highlights the Company's commitment to pursuing diversified growth opportunities and expanding its exposure to natural resource sectors that can provide long-term value to shareholders. By securing interests in tangible assets like gold, We are strengthening its financial foundation while aligning with global demand trends in commodities and precious metals.
About Community Redevelopment Inc.
Community Redevelopment Inc. is a publicly traded company focused on strategic growth opportunities across multiple sectors, including real estate, renewable energy, and natural resources. Our mission is to create long-term shareholder value by diversifying its portfolio through strategic acquisitions, partnerships, and investments that leverage both emerging and established markets.
About Mine CA Gold Ltd.
Mine CA Gold Ltd. is a Wyoming corporation that owns the Phillips Township Project, a gold property located in Canada. The company is advancing the project through permitting and development, with an emphasis on sustainable practices and long-term production growth.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements reflect current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to, delays in permitting, fluctuations in commodity prices, development and operational risks, financing risks, and general market conditions. Investors are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements, except as required by law.
Contact:
Community Redevelopment Inc.
Investor Relations
Email: info@communityredevelopment.com
Website: www.communityredevelopment.com
Source: Community Redevelopment Inc. (OTC:VMCS)
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