On April 4, 2025, Trio Petroleum Corp. signed an Asset Purchase Agreement to acquire assets from Novacor Exploration Ltd. for $650,000 and issued 526,536 shares; a loan of $1,131,000 was also made to its subsidiary, Trio Canada, for operational costs and the purchase. The first closing occurred on April 8, 2025, with the second closing expected by May 15, 2025.