Spanish Mountain Gold Buys 28 Mineral Claims in British Columbia

01:35 PM EDT, 10/28/2026 (MT Newswires) -- Spanish Mountain Gold (SPA.V) entered into a purchase agreement with an arm's-length vendor, to buy 28 mineral claims in an area that exceeds 2,000 hectares that are contiguous with its Spanish Mountain Gold project in British Columbia, it said in a statement on Wednesday. The vendor will receive CA$37,500 in cash, CA$37,500 of common shares, and a 0.5% net smelter returns royalty (NSR), subject to the company's right to purchase the entire NSR for CA$500,000. The vendor will also receive CA$37,500 in cash, and CA$37,500 of common shares at the one-year anniversary of closing, it said. Shares of the company were last seen down 7.6% at CA$0.215 on the TSX Venture Exchange. Price: 0.21, Change: -0.02, Percent Change: -7.39