Psyence Group Inc. (CSE: PSYG) has announced that its proposed reverse takeover target, GoldCoast Resource Corp., has been granted ten contiguous offshore reconnaissance licenses by Ghana’s Minerals Commission. Covering roughly 10,000 square kilometres along Ghana’s western offshore continental shelf, the licenses allow GoldCoast to begin early-stage reconnaissance work under Ghanaian mining regulations, with an initial 12-month term and renewal options. Psyence and GoldCoast also confirmed they are continuing to progress their proposed transaction, which remains subject to customary regulatory, technical disclosure, financial, shareholder, and Canadian Securities Exchange approval requirements.