GFM Resources Limited is a Canada-based mineral exploration company. The Company is focused on the acquisition and development of high-potential exploration properties in Mexico and Latin America. The Company's majority shareholder, Compania Minera Autlan, S.A.B. de C.V. (Autlan) is a Mexican company, which is active in manganese and ferroalloy operations in Mexico. Autlan is controlled at approximately 80% by Grupo Ferrominero, S.A. de C.V. (Grupo), a private Mexican holding company. Grupo also controls other companies in domains, such as electronics, energy, textiles and investment banking. The Company entered into a formal Purchase and Sale Agreement (the Property Agreement) to acquire from Grupo the La Casita mineral property, formerly El Rodeo property (the Acquisition) in the State of Durango, Mexico.