Spanish Mountain Gold Agrees to Buy 28 Mineral Claims Adjacent to Flagship Project
Bitget2026/10/28 11:33- Spanish Mountain Gold agreed on October 16, 2026, to acquire 28 mineral claims covering over 2,000 hectares.
- The claims adjoin its Spanish Mountain Gold Project, expanding exploration opportunities.
- The vendor will receive $37,500 cash and $37,500 in common shares at closing, with identical payments on the first anniversary.
- Consideration includes a 0.5% net smelter returns royalty, which the buyer can purchase in full for $500,000.
- Closing is subject to TSXV acceptance and will occur immediately upon receipt.
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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