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Athena Gold Makes Annual Option Payment on Laird Lake
WHITE ROCK, BC / ACCESS Newswire / August 19, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) ("Athena Gold" or the "Company") announces that, further to its news releases dated September 11, 2024 and October 1, 2024, it has made its annual ...
About this update from Athena Gold Corporation
[{"type":"text","content":"WHITE ROCK, BC / ACCESS Newswire / August 19, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) ("Athena Gold" or the "Company") announces that, further to its news releases dated September 11, 2024 and October 1, 2024, it has made its annual payment on its Laird Lake gold project in Red Lake, Ontario, in the amount of $50,000 through the issuance of 500,000 common shares to Bounty Gold Corp. ("Bounty Gold") at a deemed price of $0.05 per share and a cash payment of $25,000.","length":514,"tagName":"p"},{"type":"text","content":"The consideration was made pursuant to an option agreement dated August 19, 2024, between Bounty Gold, a private Ontario company, and Libra Lithium Corp. ("Libra") wherein Libra had the exclusive option to acquire an undivided 100% right, title and interest in the Laird Lake Project located in the Red Lake area of Ontario, Canada (the "Option") subject to certain terms and conditions. Pursuant to a Purchase and Sale Agreement dated September 30, 2024, between Libra and the Company, the Company assumed all obligations of the Option to Bounty Gold by incurring cash payments and/or share issuances equal to up to $1,200,000 over the course of five years.","length":678,"tagName":"p"},{"type":"text","content":"The balance of the payments to be made under the Option are as follows:","length":71,"tagName":"p"},{"type":"text","content":"1) $50,000 on or before August 19, 2026, of which up to 50% of such payment may be made in the form of common shares in the capital of the Company;","length":147,"tagName":"p"},{"type":"text","content":"2) $50,000 on or before August 19, 2027, of which up to 50% of such payment may be made in the form of common shares in the capital of the Company;","length":147,"tagName":"p"},{"type":"text","content":"3) $50,000 on or before August 19, 2028, of which up to 50% of such payment may be made in the form of common shares in the capital of the Company; and","length":151,"tagName":"p"},{"type":"text","content":"4) $1,000,000 in cash on or before August 19, 2029, or alternatively","length":68,"tagName":"p"},{"type":"text","content":"i) payment of 75% in cash and the issuance of common shares in the capital of the Company equal to 25% of the payment, for a total payment of CDN $1,250,000;","length":157,"tagName":"p"},{"type":"text","c...