GFG Receives Final Payment from the Sale of its Rattlesnake Hills Gold Project

Core Insights - GFG Resources Inc. has completed the sale of its Rattlesnake Hills Gold Project to Roxmore Resources Inc. for a total cash payment of approximately C$3.3 million, with the final payment of C$1.0 million received on December 22, 2025 [1][6] Transaction Details - Roxmore has acquired 100% interest in the Rattlesnake Hills Gold Project, with cash payments structured as follows: C$250,000 upon signing the letter of intent, C$250,000 upon executing the definitive agreement, C$1,200,000 at closing, and C$1,000,000 on December 12, 2025 [6] - In addition to cash payments, GFG received 3,061,224 common shares of Roxmore valued at C$581,633 [6] - Roxmore has assumed environmental liability for the Project and replaced GFG's US$219,000 reclamation bond [6] - If a National Instrument 43-101 resource estimate reveals over 3,000,000 ounces of gold, Roxmore will pay GFG an additional C$1 per total mineral resource ounce [6] Company Overview - GFG Resources Inc. is a North American precious metals exploration company focused on large-scale gold projects in tier one mining jurisdictions [3] - The company operates three gold projects in the Timmins gold district of Ontario, Canada, which has produced over 70 million ounces of gold [3]