Matachewan Announces Purchase and Sale Agreement to Mineral Royalties

Core Points - Matachewan Consolidated Mines, Limited has entered into a definitive purchase and sale agreement to sell its mineral royalties on the Young-Davidson Mine to Alamos Gold Inc, with the transaction closing on May 21, 2025 [1][2] - The sale includes all rights and interests in present and future royalties from 24 mining claims in Powell and Cairo Townships, Ontario [2] - The total consideration for the transaction is C$2,700,000, providing Matachewan with immediate cash inflow to pursue other investment opportunities [3]