The Prospector News

Sable Sells Third Party Royalties and Grants Royalty to Osisko Gold Royalties

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Sable Sells Third Party Royalties and Grants Royalty to Osisko Gold Royalties

 

 

 

 

 

Sable Resources Ltd. (TSX-V:SAE | OTCQB:SBLRF) is pleased to announce that the Company has entered into an Investment Agreement, Royalty Agreement and Assignment Agreement with Osisko Gold Royalties Ltd for potential proceeds of up to $10.8 million. Pursuant to the terms of the Royalty Sale Agreements, Sable has assigned its interest in a number of existing royalty agreements on British Columbia properties, including certain properties held by TDG Gold Corp. Cassiar Gold Corp. and Talisker Resources Ltd., has granted a 1% net smelter return royalty on all minerals produced from the Company’s Copper Queen, Copper Prince and Core Mountain properties located in British Columbia, and has granted Osisko certain rights in relation to the sale of similar interest in the future.

 

Ruben Padilla, Sable’s President and CEO stated,

 

“We are very pleased with having negotiated this royalty sale with Osisko providing for immediate non-dilutive financing of $3.8 million and the potential for an additional consideration of up to $7 million. The additional consideration comprises a potential $2 million on the sale of an additional 1% royalty at Osisko’s option on the BC Properties and a potential $5 million payment conditional on a discovery milestone related to TDG’s Greater Shasta-Newberry project, located in the Toodoggone district in British Columbia that is adjacent to the recent gold-silver-copper discovery announced by Freeport-McMoRan Inc. and Amarc Resources Ltd. on their AuRORA target. This additional cash balance strengthens Sable’s treasury allowing the Company to continue to advance exploration on its current projects and to evaluate acquisition opportunities of advanced copper-gold assets in good jurisdictions within the Americas.”

 

ABOUT SABLE RESOURCES LTD.

 

Sable is a well-funded junior grassroots explorer focused on the discovery of Tier-One new precious metal and copper projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. Sable’s focus is developing its large portfolio of new Greenfields projects to resource level. Sable is actively exploring the San Juan Regional Program (163,969 ha) incorporating the Don Julio, El Fierro, and Cerro Negro projects in San Juan Province, Argentina and the Copper Queen (15,133ha), Copper Prince (3,980 ha), and the Core Mountain (1,925 ha) properties in British Columbia.

 

Posted April 24, 2025

Share this news article

MORE or "UNCATEGORIZED"


Outcrop Silver Announces Closing of $23 Million Public Offering, Including Full Exercise of the Over-Allotment Option, Led by Investment from Jupiter Asset Management and Eric Sprott

Outcrop Silver & Gold Corporation (TSX-V:OCG) (OTCQX:OCGSF) (DE:MRG) is pleased to announce that... READ MORE

October 3, 2025

F3 Announces Closing of C$20 Million Bought Deal LIFE Private Placement

 F3 Uranium Corp. (TSX-V: FUU) (OTCQB: FUUFF) (FSE: GL7) is pleased to announce the closing of its ... READ MORE

October 3, 2025

Silver Dollar Announces Closing of $5.9 Million Brokered Financing, with Participation by Eric Sprott

Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) is pleased to announce the closin... READ MORE

October 3, 2025

Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent’s 15% Over-Allotment Option

Q-Gold Resources Ltd. (TSX-V: QGR) is pleased to announce that it has closed its previously announce... READ MORE

October 3, 2025

Auranova Announces Closing of Private Placement of Charity Flow-Through Shares

Auranova Resources Inc. is pleased to announce that it has closed a non-brokered private placement t... READ MORE

October 3, 2025

Copyright 2025 The Prospector News