Company Overview - Nevada Canyon Gold Corp. is a US-based natural resource company headquartered in Reno, Nevada, with a strategic land position and royalties in multiple projects within high-grade historical mining districts [4] - The company operates under a three-fold business model: mineral royalty creation and acquisition, precious metals and exploration streaming & financing, and exploration project accelerator [4] Recent Developments - Nevada Canyon Gold Corp. has executed an Asset Purchase Agreement (APA) with Metals One Nevada Inc. for the Swales Gold Property Exploration Lease, located in Elko County, Nevada [1][2] - The Swales lease originally consisted of 40 unpatented mining claims, with an additional 99 claims added, totaling approximately 2,780 acres and 139 unpatented mining claims [2] - The total consideration for the APA included a cash payment of US$100,000 and a 2% net smelter royalty granted to Nevada Canyon on the combined claims [2] Property Significance - The Swales Property is situated within the Carlin Trend, known as one of the richest mining trends globally, housing some of the largest gold mines in the US [3] - The property is located approximately 13 miles northeast of Nevada Gold Mine's Gold Quarry Mine and 16 miles east southeast of Goldstrike Mine, both significant gold producers [3] - The Carlin Trend has produced over 100 million ounces of gold to date and contains more than 21 million ounces of gold reserves [3]