Core Viewpoint - Headwater Gold Inc. has announced the completion of Stage 1 of the Spring Peak earn-in agreement with Newmont Corporation, which has resulted in Newmont earning a 51% interest in the project and proceeding to Stage 2 to potentially increase its interest to 65% through additional funding of US$40,000,000 [1][4][3] Group 1: Earn-In Agreement Details - Newmont has funded US$15,000,000 in exploration expenditures to complete Stage 1, earning a 51% interest in the Spring Peak project [1][4] - Stage 2 allows Newmont to increase its interest to 65% by funding an additional US$40,000,000 within 36 months [1][4] - Upon completion of Stage 2, Newmont may proceed to Stage 3 to earn an additional 10% interest, resulting in a total of 75% interest by completing a Pre-Feasibility Study within an additional 2-year period [4][10] Group 2: Project Highlights - The Spring Peak project is located in the Aurora Mining District, Nevada, and has confirmed high-grade gold mineralization at the Disco Zone, with significant drill results including 15.92 g/t Au over 2.38 m [7] - An exploration Plan of Operations has been submitted proposing 266 additional drill sites to explore extensions of known mineralization and test new targets [7][3] - Headwater will act as the initial operator under Stage 2 and will earn a 10% management fee on exploration expenditures [4][3] Group 3: Company Background - Headwater Gold Inc. is focused on exploring high-grade precious metal deposits in the Western USA and has strategic earn-in agreements with Newmont on its Spring Peak and Lodestar projects [8] - The company aims to make world-class precious metal discoveries and has a diverse technical team with experience in capital markets and major mining companies [8]