Core Points - Sparton Resources Inc. has closed an agreement with Eldorado Gold Corporation for the acquisition of Sparton's remaining 25% interest in the Bruell Gold Project, effective May 29, 2025 [1] - The agreement allows Eldorado to purchase the 25% interest for $275,000 plus a 2% Net Smelter Return Royalty, a significant reduction from the original option price of $1.8 million [2] - Following this transaction, Eldorado will own 100% of the Bruell Gold Project, while Sparton retains the Production NSR [2] Financial Implications - The original agreement included a buyout option for 50% of the NSR for $2.5 million, which has been retained in the new agreement [2] - The decision to sell the interest was influenced by the current state of the junior exploration sector and Sparton's share price, allowing the company to obtain cash for current commitments and pursue other opportunities [3] Strategic Decisions - The Board of Sparton decided to forego future participation costs related to the exploration and development of the Bruell property to focus on its wholly owned critical mineral and precious metals properties [3]