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K9 Gold Enters Into an Exploration and Option to Purchase Agreement for Newmont's Trinity Silver Project
West Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - K9 Gold Corp. (TSXV: K...
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[{"type":"text","content":"K9 Gold Enters Into an Exploration and Option to Purchase Agreement for Newmont's Trinity Silver ProjectWest Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP0) (OTCQB: WDFCF) (\"K9\" or the \"Company\") is pleased to announce that it has entered into an Exploration Agreement and an Option to Purchase and Sales Agreement with Newmont USA Limited (\"Newmont\"), a wholly owned subsidiary of Newmont Corporation, regarding the Trinity Silver Project in Pershing County, Nevada. The project covers approximately 14,523 acres (5881 hectares) of owned and leased land. The project is the site of a historic open pit - heap leach silver mining operation.Jeff Poloni, CEO of K9 commented, \"We are extremely pleased with the opportunity to enter into an option to purchase agreement on an excellent Brownfield exploration project. With improving silver prices, the Trinity Silver Project (which includes the historic Trinity Mine) gives us the ability to potentially develop a promising asset in a mining friendly jurisdiction.\"The Exploration AgreementThe Agreement grants K9 a lease to the exclusive right to conduct Exploration Work for Minerals on the project lands currently owned by Newmont and a sublease for lands currently leased by Newmont (collectively the\" Properties\"). The terms of the Agreement are as follows:On the Effective Date, K9 shall pay USD $50,000 to Newmont and issue 100,000 common shares of K9 as rental payment for the Properties during the first 12-month period of the Agreement;On or before the first anniversary of the Effective Date, K9 shall pay USD $100,000 to Newmont and issue 300,000 common shares of K9 as rental payment for the Properties during the second 12-month period of the Agreement;These payments shall not be offset or credited against any production royalty.The Purchase and Sale Option for the PropertiesSubject to the conditions set out in the Exploration Agreement, the Agreement states that Newmont will sell, assign, transfer, convey and deliver to K9 all of its right, title, interest and obligations in both the Owned Properties and the Leased Properties. The payment for the Purchase shall be:A one-time payment to Newmont of USD $350,000, andThe issuance to Newmont of 700,000 common shares of K9.The Agreement is subject to a mineral production royalty at a...