Romios Gold Resources Inc. Announces Sale of Select Golden Triangle British Columbia Claim Blocks to Galore Creek Mining Corporation
Romios Gold Resources (OTC:RMIOF) has announced the sale of five claim blocks in British Columbia's Golden Triangle region to Galore Creek Mining Corporation (GCMC). The transaction includes the Boulder, JW West, Porc, North East, and North West Claim Blocks.
The deal terms include CAD $100,000 in cash consideration and up to 2% Net Smelter Return (NSR) royalty on each claim block. GCMC, a joint venture between Newmont Corporation and Teck Resources, has the option to reduce the NSR through three buy-back provisions: 0.5% for $1M, another 0.5% for $1M, and a final 0.5% for $3M, potentially reducing the NSR to 0.5%.
The sale aligns with Romios Gold's strategic review to focus on core assets, particularly the Trek South Prospect.
Romios Gold Resources (OTC:RMIOF) ha annunciato la vendita di cinque blocchi di concessioni nella regione del Golden Triangle in British Columbia a Galore Creek Mining Corporation (GCMC). L'operazione riguarda i blocchi Boulder, JW West, Porc, North East e North West.
I termini dell'accordo prevedono un corrispettivo in contanti di 100.000 CAD e una royalty fino al 2% del Net Smelter Return (NSR) su ciascun blocco di concessione. GCMC, una joint venture tra Newmont Corporation e Teck Resources, ha l'opzione di ridurre la royalty NSR tramite tre clausole di riacquisto: 0,5% per 1 milione di dollari, un ulteriore 0,5% per 1 milione di dollari e infine 0,5% per 3 milioni di dollari, con la possibilit脿 di ridurre la NSR fino allo 0,5%.
La vendita si inserisce nella revisione strategica di Romios Gold, volta a concentrarsi sugli asset principali, in particolare sul Trek South Prospect.
Romios Gold Resources (OTC:RMIOF) ha anunciado la venta de cinco bloques de concesi贸n en la regi贸n del Golden Triangle en Columbia Brit谩nica a Galore Creek Mining Corporation (GCMC). La transacci贸n incluye los bloques Boulder, JW West, Porc, North East y North West.
Los t茅rminos del acuerdo incluyen una contraprestaci贸n en efectivo de 100,000 CAD y hasta un 2% de regal铆as Net Smelter Return (NSR) sobre cada bloque de concesi贸n. GCMC, una empresa conjunta entre Newmont Corporation y Teck Resources, tiene la opci贸n de reducir la regal铆a NSR mediante tres cl谩usulas de recompra: 0.5% por 1 mill贸n de d贸lares, otro 0.5% por 1 mill贸n de d贸lares y un 煤ltimo 0.5% por 3 millones de d贸lares, con la posibilidad de reducir la NSR hasta un 0.5%.
La venta est谩 alineada con la revisi贸n estrat茅gica de Romios Gold para enfocarse en sus activos principales, especialmente en el Trek South Prospect.
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瓯半灅 臁瓣贝鞚� 順勱笀 10毵� 旌愲倶雼� 雼煬鞕� 臧� 甏戧秾 敫旊鞐� 雽�頃� 斓滊寑 2% 靾滌牅霠垬鞚�(NSR) 搿滌棿韹�毳� 韽暔頃╇媹雼�. GCMC電� Newmont Corporation瓿� Teck Resources鞚� 頃╈瀾 韴瀽 須岇偓搿�, 靹� 彀鞚� 搿滌棿韹� 頇橂Г 臁绊暛鞚� 韱淀暣 NSR鞚� 欷勳澕 靾� 鞛堧姅 鞓奠厴鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟: 100毵� 雼煬鞐� 0.5%, 霕� 雼るジ 100毵� 雼煬鞐� 0.5%, 毵堨毵夓溂搿� 300毵� 雼煬鞐� 0.5%搿�, NSR鞚� 斓滊寑 0.5%旯岇 欷勳澕 靾� 鞛堨姷雼堧嫟.
鞚措矆 毵り皝鞚� Romios Gold臧� 頃奠嫭 鞛愳偘, 韸鬼瀳 Trek South Prospect鞐� 歆戩頃橁赴 鞙勴暅 鞝勲灥鞝� 瓴�韱犾檧 鞚检箻頃╇媹雼�.
Romios Gold Resources (OTC:RMIOF) a annonc茅 la vente de cinq blocs de concessions dans la r茅gion du Golden Triangle en Colombie-Britannique 脿 Galore Creek Mining Corporation (GCMC). La transaction inclut les blocs de concessions Boulder, JW West, Porc, North East et North West.
Les termes de l'accord pr茅voient une contrepartie en esp猫ces de 100 000 CAD et jusqu'脿 2% de redevance Net Smelter Return (NSR) sur chaque bloc de concession. GCMC, une coentreprise entre Newmont Corporation et Teck Resources, a la possibilit茅 de r茅duire la NSR via trois clauses de rachat : 0,5% pour 1 million de dollars, un autre 0,5% pour 1 million de dollars, et un dernier 0,5% pour 3 millions de dollars, ce qui pourrait r茅duire la NSR 脿 0,5%.
Cette vente s'inscrit dans la r茅vision strat茅gique de Romios Gold visant 脿 se concentrer sur ses actifs principaux, notamment le Trek South Prospect.
Romios Gold Resources (OTC:RMIOF) hat den Verkauf von f眉nf Anspruchsbl枚cken in der Golden Triangle-Region von British Columbia an Galore Creek Mining Corporation (GCMC) bekannt gegeben. Die Transaktion umfasst die Anspruchsbl枚cke Boulder, JW West, Porc, North East und North West.
Die Vertragsbedingungen sehen eine Barzahlung von 100.000 CAD sowie bis zu 2% Net Smelter Return (NSR)-Lizenzgeb眉hren f眉r jeden Anspruchsblock vor. GCMC, ein Joint Venture zwischen Newmont Corporation und Teck Resources, hat die Option, die NSR durch drei R眉ckkaufoptionen zu reduzieren: 0,5% f眉r 1 Mio. $, weitere 0,5% f眉r 1 Mio. $ und schlie脽lich 0,5% f眉r 3 Mio. $, wodurch die NSR auf 0,5% gesenkt werden kann.
Der Verkauf steht im Einklang mit der strategischen 脺berpr眉fung von Romios Gold, sich auf Kernwerte zu konzentrieren, insbesondere auf das Trek South Prospect.
- Immediate cash proceeds of CAD $100,000
- Potential future revenue through 2% NSR royalty on each claim block
- Strategic focus on core assets including Trek South Prospect
- Partnership with major mining companies through GCMC (Newmont and Teck JV)
- Reduction in company's land package holdings
- NSR royalty can be significantly reduced through buy-back provisions
Toronto, Ontario--(Newsfile Corp. - July 10, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC PINK: RMIOF) (FSE: D4R) ("Romios Gold") is pleased to announce that it has sold five claim blocks from its land package in the Golden Triangle region of northern British Columbia to Galore Creek Mining Corporation ("GCMC").
The transaction comprises the following five claim blocks: the Boulder, JW West, Porc, North East, and North West Claim Blocks (see Map #1 below). As consideration for the sale, Romios Gold will receive
Under the terms of the agreement, GCMC, the operator of a 50:50 joint venture between Newmont Corporation and Teck Resources Limited, retains the right to purchase portions of the NSR as follows:
- First Royalty Buy-Back:
0.5% of the NSR for$1,000,000 , reducing the NSR to1.5% ; - Second Royalty Buy-Back: An additional
0.5% for$1,000,000 , reducing the NSR to1.0% ; - Third Royalty Buy-Back: A final
0.5% for$3,000,000 , reducing the NSR to0.5% (the "Remaining NSR").
"Romios is currently undergoing an internal review to prioritize our core assets for future exploration, with renewed emphasis on advancing our Trek Project and in particular the large-scale Trek South Prospect in the Golden Triangle," said Kevin M. Keough, CEO of Romios Gold. "As part of this process, we identified these claim blocks as non-core and negotiated their sale with the GCMC team. We look forward to sharing further details on our strategic plans as they are finalized."
Map #1 - Location of the 5 claim blocks included in the transaction with GCMC
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About Romios Gold Resources Inc.:
Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a
For more information, please for Romios' website.
This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Kevin Keough, CEO - (613) 219-9317 or [email protected]
Stephen Burega, President - (647) 515-3734 or [email protected]
To view the source version of this press release, please visit
FAQ
What assets did Romios Gold (RMIOF) sell to Galore Creek Mining Corporation?
How much will Romios Gold receive from the claim blocks sale?
What are the NSR buy-back terms in the Romios Gold claim sale?
Why did Romios Gold sell these claim blocks?
Who owns Galore Creek Mining Corporation?
