GRG Resources Agrees to Sell 1.5% Filo Sur Royalty to Mogotes Metals for $13 Million

Bitget2026/10/26 11:10

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GRG Resources entered a binding offer to sell its 1.5% net smelter returns royalty on Filo Sur for $13 million.
A Mogotes Metals subsidiary will pay $6.5 million in cash and $6.5 million in Mogotes Metals common shares.
The shares will be valued at their 20-day volume-weighted average trading price as of the definitive agreement date.
Closing is targeted by December 29, 2026, subject to a definitive agreement and required regulatory and stock exchange approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GRG Resources Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610260700NEWSFILECNPR____20261026_320799_1) on October 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GRG Resources Agrees to Sell 1.5% Filo Sur Royalty to Mogotes Metals for $13 Million

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