The Prospector News

Minera Alamos Announces Partial Repurchase of a Royalty on its Cerro de Oro Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Minera Alamos Announces Partial Repurchase of a Royalty on its Cerro de Oro Project

 

Minera Alamos Inc. (TSX-V: MAI) (OTCQX: MAIFF) is pleased to announce that, further to the transactions disclosed in its news release dated March 31, 2026, the Company has provided its notice of intent to exercise its option to repurchase a portion of the net smelter return royalty equal to 0.75% on the Cerro de Oro project located in northern Zacatecas, Mexico from Auramet Capital Partners, L.P. for a purchase price of US$4.5 million.

The repurchase of the royalty pursuant to the Royalty Option Repurchase is a condition to the closing and funding of the Company’s proposed revolving credit facility with The Bank of Nova Scotia and National Bank of Canada, previously announced in the March News Release, and is required in connection with the establishment of the related security package for the Revolver. Further details regarding the Revolver are set out in the March News Release.

In connection with the Royalty Option Repurchase, the Company has entered into an agreement with Auramet pursuant to which the US$4.5 million purchase price will be satisfied through the issuance to Auramet of 895,572 common shares of the Company at a price of C$6.91 per share, subject to the approval of the TSX Venture Exchange.

About Minera Alamos

Minera Alamos is a growing North American gold production and development company with projects in Nevada, Arizona, and Mexico. The Company owns the Pan Operating Complex in White Pine County, Nevada, comprised of the producing Pan mine and the adjacent permitted Gold Rock project, as well as the nearby past-producing Illipah project.

The Company also owns the Copperstone project in La Paz County, Arizona, a permitted, advanced underground gold project. The Company maintains a portfolio of high-quality Mexican assets, including the Cerro de Oro project, an open pit heap leach gold development project in northern Zacatecas.

The Company’s strategy is to become a leading, U.S.-focused intermediate gold producer by growing production at its Pan Operating Complex and developing its pipeline of high-quality, low-capital projects while expanding gold resources across its portfolio.

The Company announced a proposed name change to Mining Americas Inc., subject to the approval of its shareholders at the Company’s Annual General Meeting on June 25, 2026 and the TSX Venture Exchange. Refer to the Company’s news release dated May 11, 2026 for more details.

 

For Further Information Please Contact:  

Darren Blasutti, CEO

416-306-0990 ext 208

dblasutti@mineraalamos.com

David Stewart, VP Corporate Development & Capital Markets

+1-647-294-8361

dstewart@mineraalamos.com

Website: www.mineraalamos.com

Posted May 19, 2026

Share this news article

MORE or "UNCATEGORIZED"


Scandium Canada Drills Best Intercept Yet of 2026 Crater Lake Program: 140.15 m at 293 ppm Sc2O3, With Three Intersections Now Over 100 m

Scandium Canada Ltd. (TSX-V: SCD) is pleased to announce additional assay results from the 2... READ MORE

September 24, 2026

Search Minerals Closes Fully Subscribed Upsized $1.1 Million Financing

Search Minerals Inc. (TSX-V: SMY) (OTC Pink: SHCMF) is pleased to announce that it has closed the th... READ MORE

September 24, 2026

Golden Spike Announces Closing of Non-Brokered Private Placement

Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) is pleased to announce the... READ MORE

September 24, 2026

GoldHaven Closes Additional Tranche of Flow-Through Financing Bringing Total Flow-Through Proceeds to $3.0 Million

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to announce that it has cl... READ MORE

September 24, 2026

Independence Gold Confirms Balrog Vein at Depth and Intercepts 3.11 g/t Gold and 48.69 g/t Silver over 8.03 Metres at the Tommy Vein, 3Ts Project, BC

Independence Gold Corp. (TSX-V: IGO) (OTCQB: IEGCF) (FSE: 625) is pleased to announce assay r... READ MORE

September 24, 2026

Copyright 2026 The Prospector News