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Baru Gold Hits Key Milestone, Enters into Exclusive Negotiations for Funding of Up To USD$100,000,000
(TheNewswire) July 25, 2025 – TheNewswire - VANCOUVER, B.C. - Baru Gold Corp. (t...
About this update from Baru Gold Corp
[{"type":"text","content":"Baru Gold Hits Key Milestone, Enters into Exclusive Negotiations for Funding of Up To USD$100,000,000\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n July 25, 2025 – TheNewswire -\n \n\n VANCOUVER, B.C. - Baru Gold Corp. (the “\n \n\n Company\n \n\n ” or\n“\n \n\n Baru\n \n\n ”)  (\n \n\n TSX.V:\nBARU\n \n\n )\n \n\n is pleased to report\nsignificant progress in securing the\n \n\n up to $100\nmillion USD funding agreement\n \n\n announced on May\n15, 2025\n \n\n with\n \n\n Quantum\nMetal Thailand Co., LTD. (“QMT”).\n \n\n\n\n Baru and QMT are now\n \n\n\n negotiating exclusively\n \n\n\n with each other\nover the funding of the Sangihe Gold Project and are not engaging\nthird party offers for similar arrangements. This milestone was\nreached following the successful completion of a key funding\nmilestone: Baru raising\n \n\n\n $1 million CAD\n \n\n\n in a private placement.\n \n\n\n\n This milestone marks a significant step in advancing\nthe strategic partnership with QMT and bringing the Company’s\n \n\n\n Sangihe Gold Project\n \n\n\n into production operations. The $1 million CAD financing\nmilestone was a prerequisite required by Baru management in advance of\ndefinitive agreement negotiations to ensure they would only occur\nduring a period when the Company was well capitalized. The intention\nof this period of exclusivity is to enable both parties to focus on\nthe definitive agreement and accelerate the closing of the up to $100\nmillion USD in funding, that aligns with our strategy of securing\nlong-term value for shareholders.\n \n\n\n\n Baru and QMT are still in a period of due diligence and\nnegotiations on the terms of the definitive agreement. QMT and Baru\nhave held several rounds of productive negotiations and continue to\nundertake due diligence. Shareholders will be notified following the\nattainment of significant milestones.\n \n\n\n\n All parties are working collaboratively to finalize\nterms and are in regular consultations.\n \n\n As\npreviously reported, the definitive agreement is to be executed within\na 60 day’s period following the satisfactory due diligence review of\nthe Company’s financials, operations, permits, and production\ncapacities by QMT. To accelerate the closing of this financing, th...