Spartacus Metals agrees to sell Red Lake property to Great Bear Resources for CAD 250,000 plus 2% royalty

Bitget2026/11/13 11:02

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Spartacus Metals agreed to sell its Red Lake Property in northwestern Ontario to Great Bear Resources, a wholly owned Kinross Gold subsidiary.
The property comprises 586 unpatented mining claims covering approximately 11,913 hectares.
Consideration comprises CAD 250,000 in cash and a 2% net smelter returns royalty retained by the seller.
Great Bear can buy back half the royalty for USD 1 million, reducing it to 1%.
Closing is expected by December 15, 2026, subject to TSX Venture Exchange approval and shareholder approval if required.

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. Spartacus Metals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611130600NEWSFILECNPR____20261113_323839_1) on November 13, 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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Spartacus Metals agrees to sell Red Lake property to Great Bear Resources for CAD 250,000 plus 2% royalty

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