Core Viewpoint - Revival Gold Inc. has exercised its option to acquire 100% of Barrick Mining Corporation's interest in the Mercur Gold Project, a significant step towards restarting production [1][4]. Group 1: Acquisition Details - The Option Agreement covers mineral interests of 996 hectares, expanding the total Mercur project area to approximately 7,200 hectares [2]. - Revival Gold must incur at least C$6 million in exploration expenditures before January 2, 2026, which has been completed [5]. - The acquisition involves a membership interest purchase agreement (MIPA) with Barrick, with payments structured as US$5 million at closing and US$5 million on each of the first three anniversaries of commercial production [5][6]. Group 2: Economic Assessment - A Preliminary Economic Assessment (PEA) completed in mid-2025 indicates a life-of-mine average production of 95,600 ounces of gold per year over a 10-year mine life [3][8]. - The after-tax NPV is projected at $294 million at a 5% discount rate with a gold price of $2,175 per ounce, increasing to $752 million at a gold price of $3,000 per ounce [8]. Group 3: Project Development and Timeline - Revival Gold is planning a pre-feasibility study in 2026 and is initiating the state mine permitting process in Utah [3]. - Mine permitting is expected to take about two years to complete [8]. - The closing of the acquisition is anticipated around April 1, 2026, subject to regulatory approvals and other customary conditions [6]. Group 4: Company Overview - Revival Gold is one of the largest pure gold mine developers in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [11].

Core Viewpoint - StrikePoint Gold Inc. is set to undertake a significant resource definition drilling program at the Hercules Gold Project in Nevada in 2026, aiming to convert its current Exploration Target into an inferred resource estimate, which is expected to enhance the company's market valuation based on gold resources [2][3]. Exploration Program - The 2026 exploration plan includes a drilling program consisting of approximately 30 reverse circulation holes, totaling around 3,500 meters, designed to achieve a new resource estimate [4]. - Drilling is scheduled to commence in early March 2026 and is expected to last up to 60 days, with initial assay results anticipated by mid-April 2026 and final results expected in June 2026 [4]. Hercules Gold Project Details - The Hercules Gold Project encompasses 1,323 unpatented claims and four patented claims, covering approximately 100 square kilometers, located about one hour from Reno, Nevada [5]. - The Exploration Target for the Hercules Gold Project is estimated to have a tonnage range of 40,300,000 to 65,600,000 tonnes with a grade range of 0.48 to 0.63 grams per tonne of gold [5]. Technological Integration - The Exploration Target was developed using historical drilling and assay data, with mineralization trends evaluated through Artificial Intelligence to create a trend model that supports future drilling efforts [6]. Investor Relations and Options - The company has entered into a consulting services agreement with Capital Analytica for a six-month term, with a total payment of $150,000 for various marketing and communication services [9]. - Additionally, the company has granted a total of 1,765,000 incentive stock options, with 1,585,000 options awarded to directors, officers, and consultants, exercisable at a price of $0.15 per share until December 22, 2030 [11].

Core Viewpoint - Revival Gold Inc. has exercised its option to acquire 100% of Barrick Mining Corporation's interest in the Mercur Gold Project in Utah, marking a significant advancement towards restarting production [1][4] Group 1: Acquisition Details - The Option Agreement encompasses mineral interests of 996 hectares, expanding the total Mercur project area to approximately 7,200 hectares [2] - Revival Gold has completed a Preliminary Economic Assessment (PEA) for the Mercur Gold Project and conducted a 13,000-meter drill program to support a planned pre-feasibility study in 2026 [3] - The acquisition will involve a cash payment of US$5 million upon closing and additional payments of US$5 million on each of the first three anniversaries of commercial production [5] Group 2: Economic Highlights - The life-of-mine average production is projected at 95,600 ounces of gold per year over a 10-year mine life [8] - The after-tax Net Present Value (NPV) is estimated at $294 million at a 5% discount rate with a gold price of $2,175 per ounce, potentially increasing to $752 million at a gold price of $3,000 per ounce [8] - Mine permitting is anticipated to take about two years to complete [8] Group 3: Operational Commitments - Revival Gold is committed to maintaining high standards of environmental and community stewardship, following Barrick's operational practices [4][10] - The closing of the acquisition is expected around April 1, 2026, subject to regulatory approvals and other customary conditions [10]

Core Insights - Q-Gold Resources Ltd. has made significant progress in 2025, including the acquisition of the Quartz Mountain Gold Project and securing $11.5 million in financing, positioning the company for growth in 2026 [2][3][4]. Financial Overview - The company successfully closed a private placement financing for gross proceeds of $11.5 million, which will be used for advancing work streams across its gold projects [3]. - The financing included a 15% overallotment and was facilitated by BMO Capital Markets [3]. Project Acquisition and Development - Q-Gold acquired the Quartz Mountain Gold Project from Alamos Gold Inc., which includes two properties totaling approximately 4,823 acres in Oregon's gold belt [4][5]. - The project benefits from over 90,000 meters of historical drilling and extensive geological data, enhancing its potential for resource development [5]. Mineral Resource Estimate - An updated mineral resource estimate for the Quartz Mountain Gold Project was disclosed, indicating 1.543 million ounces of gold at a grade of 0.96 g/t and 2.049 million ounces of silver at 1.27 g/t in the indicated category [15][29]. - The project is amenable to conventional open-pit mining methods, which supports its economic viability [15]. Economic Assessment and Technical Studies - Q-Gold has engaged Kappes, Cassiday & Associates to conduct a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project, expected to be completed in Q2 2026 [9][10]. - The PEA will evaluate mining methods, processing options, capital and operating costs, and projected financial returns [9]. Permitting and Environmental Studies - The company has engaged SLR International to advance environmental studies and permitting applications for the Quartz Mountain Gold Project, ensuring efficient project development timelines [16][17]. - Early-stage permitting work is progressing alongside technical studies to streamline the approval process [16]. Exploration Activities - Q-Gold completed two drill campaigns at the Mine Centre Gold Project in Ontario, focusing on high-priority targets to expand its understanding of the project's gold potential [12][14]. - The company plans to initiate exploration activities at both the Quartz Mountain and Angel's Camp portions of the project in 2026 [23]. Strategic Leadership - The board of directors has been strengthened with the addition of industry leaders Scott Parsons and Jamsheed Mehta, enhancing the company's strategic guidance and capital markets relationships [18][20][22]. Future Priorities - Key priorities for 2026 include completing the PEA, advancing initial exploration permits, and conducting metallurgical drilling programs to support feasibility studies [23][26]. - The company aims to enhance shareholder value through systematic project advancement and responsible exploration practices [24].

Core Insights - WEST RED LAKE GOLD MINES LTD. has successfully upgraded to trade on the OTCQX Best Market from the OTCQB Venture Market, indicating a significant milestone for the company [1][3]. Company Overview - WEST RED LAKE GOLD MINES LTD. is a gold exploration and development company focused on its flagship Madsen Gold Mine and a 47 km² land package in the Red Lake Gold District of Ontario, which is known for its high-grade gold deposits [4]. - The Red Lake Gold District has produced over 30 million ounces of gold, highlighting its potential for further exploration and development [4]. Market Position - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, enhancing visibility among U.S. investors [3]. - The graduation to OTCQX is expected to provide greater access for investors to WEST RED LAKE GOLD MINES LTD., as stated by the company's President and CEO, Shane Williams [4]. Future Outlook - The company is nearing commercial production at the Madsen Mine and anticipates trading as a gold producer in 2026, which could enhance its market presence and investor interest [4].

NEW YORK, Dec. 22, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced WEST RED LAKE GOLD MINES LTD. (TSX-V: WRLG; OTCQX: WRLGF), a gold exploration and development company, has qualified to trade on the OTCQX® Best Market. WEST RED LAKE GOLD MINES LTD. upgraded to OTCQX from the OTCQB® Venture Market. WEST RED LAKE GOLD MINES LTD. begins trading today on OTCQX under the symbol “WRLGF.” U.S. invest ...

TORONTO, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to provide a year-end review and highlight its upcoming 2026 operational, technical, and strategic advancements for its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario. Advancing Pardo Toward a Low-Cost, Near-Surface Gold Producer During 2025, Inventus achieved several major milestones that collectively strengthened the project and its development pathway: Positive ...

Core Viewpoint - Westhaven Gold Corp. and Dundee Corporation have entered into a definitive earn-in agreement allowing Dundee to acquire up to a 60% interest in Westhaven's gold projects in British Columbia, contingent upon funding CDN$85 million in project expenditures, including a firm commitment of CDN$30 million [1][3][5]. Financial Aspects - Dundee can earn a 60% interest by funding up to CDN$85 million in project expenditures [5][8]. - A firm commitment of CDN$30 million must be funded within three years of the effective date of the agreement [8][10]. - Dundee will also subscribe for 12,000,000 common shares of Westhaven at CDN$0.25 per share, generating gross proceeds of CDN$3 million for Westhaven [1][15]. Project Development Plans - The expected project expenditures for 2026 are projected at CDN$20 million, focusing on infill resource drilling, exploration drilling, and engineering studies for a pre-feasibility study [5][6]. - A 2026 drilling permit is in place, allowing for 650 drill pads to be completed until January 30, 2029 [5][6]. Strategic Importance - The agreement is seen as transformational for Westhaven, enhancing its potential to develop a multi-deposit gold mining camp in a region with strong infrastructure and a history of mining [3][4]. - Dundee's involvement is expected to provide financial strength and technical resources, complementing Westhaven's operational team [3][6]. Governance and Operational Structure - Westhaven will remain the operator until Dundee earns a 50% interest, after which Dundee may assume operatorship [9][11]. - The board of the newly incorporated subsidiary (JVCo) will initially consist of three nominees from Westhaven and two from Dundee, adjusting as Dundee's interest increases [11][12]. Regulatory and Approval Requirements - The effectiveness of the earn-in agreement is subject to approvals from the TSX Venture Exchange and Westhaven's shareholders, with a special meeting anticipated in early February 2026 [13][14].

Core Viewpoint - Abcourt Mines Inc. has entered into a binding term sheet with Glencore AG for a senior debt financing of up to US$30 million and an accompanying offtake agreement, aimed at strengthening liquidity and funding exploration activities [1][6]. Financing Details - The financing will be provided in two tranches: Tranche A of US$18.125 million available on the Closing Date, and Tranche B of up to US$11.875 million available at the Corporation's option between December 1, 2026, and January 31, 2027 [4]. - Proceeds will be used to repay higher-cost debt, fund exploration and capital expenditures at the Flordin project, and provide additional working capital [4]. - The financing matures 60 months after the Closing Date and bears interest at a rate of 1-Month SOFR plus 2.5% per annum, payable monthly after the first anniversary [4]. - Glencore will receive 68,905,000 warrants, each exercisable for one common share at C$0.15 for the first 36 months, and C$0.20 thereafter for the remaining term [4]. Offtake Agreement Details - Glencore will purchase 100% of the gold and silver dore production from the Sleeping Giant Mine for a minimum term of six years, with an aggregate delivery of 150,000 ounces of gold [4]. - After the initial term, Glencore will have a right of first refusal for additional purchases [4]. - Pricing for the offtake will be based on the average official LBMA prices for gold and silver [4][9]. - Glencore will also purchase all mineral products from the Flordin-Cartwright property for eight years after commercial production begins [4]. Company Overview - Abcourt Mines Inc. is a Canadian gold development company with properties in northwestern Québec, including the Sleeping Giant Mine and Mill, and the Flordin property [7].

VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to advise that the TSX Venture Exchange (“TSX-V”) is advancing on its approval process for the acquisition of the Pico Machay Gold Deposit (“Pico Machay”), terms of which are detailed in the Xali Gold News Release dated October 24th, 2025. The Company understands that all outstanding technical and legal aspects have been addressed to the satisfaction of the TSX-V. The closing o ...