Minaurum Announces Closing of Lone Mountain CRD Project Acquisition
Minaurum Gold Inc. (“Minaurum” or “the Company”) (TSXV: MGG) (OTCQX:MMRGF) is pleased to announce that, further to its news releases dated October 2, 2024 and June 3, 2025, it has closed its acquisition (the “Acquisition”) of a 100% registered and beneficial interest in the Lone Mountain carbonate replacement deposit (“CRD”) project (the “Project”) located on the Battle Mountain-Eureka Trend in Nevada, USA pursuant to the option agreement with Nevada Zinc Corp. (“Nevada Zinc”) dated July 24, 2024, as amended.
In consideration of the Acquisition, Minaurum issued 3,846,893 common shares (the “Payment Shares”) to Nevada Zinc and paid a cash fee of $100,000. The Payment Shares are subject to: (a) a four-month and one day statutory hold period in accordance with applicable securities laws; and (b) a contractual restriction on transfer, pursuant to which Nevada Zinc may not sell more than 500,000 Payment Shares per week following expiry of the statutory hold period.
For more information, please visit the Lone Mountain CRD Interactive Map Project Page: https://minaurum.com/projects/lone-mountain/
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Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is an Americas-focused explorer concentrating on the high-grade 100% owned, production-permitted Alamos silver project in southern Sonora, Mexico and a portfolio of district-scale projects in Mexico. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders' legacy of creating shareholder value by acquiring and developing a pipeline of Tier-One precious-and base metal projects.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
1570– 200 Burrard Street
Vancouver, BC V6C 3L6
Telephone: 1 778 330-0994
www.minaurum.com
info@minaurum.com
Cautionary Note Regarding Forward Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
In making the forward-looking information in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum’s current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking information. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.