Business
Spanish Mountain Gold Announces Sale of a 1.5% Royalty to Wheaton Precious Metals for US$55 Million
VANCOUVER, British Columbia, April 21, 2026--Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce that it has entered into a royalty agreement (the "Royalty Agreement") with Wheaton Precious Metals Corp. ("Wheaton"), pursuant to which Wheaton will acquire a 1.5% net smelter returns royalty ("NSR") on gold and silver production from the Spanish Mountain Gold Project (the "Project") for aggregate cash proceeds of US$55
About this update from Cantor Equity Partners Iv, Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, April 21, 2026--(BUSINESS WIRE)--Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce that it has entered into a royalty agreement (the "Royalty Agreement") with Wheaton Precious Metals Corp. ("Wheaton"), pursuant to which Wheaton will acquire a 1.5% net smelter returns royalty ("NSR") on gold and silver production from the Spanish Mountain Gold Project (the "Project") for aggregate cash proceeds of US$55 million, to be paid in three installments (the "Transaction").","length":649,"tagName":"p"},{"type":"text","content":"Spanish Mountain Gold, President, Chief Executive Officer & Director, Peter Mah, commented: "We are thrilled to partner with Wheaton. Entering into the definitive financing agreement propels the Spanish Mountain Gold project feasibility study forward, which the Company aims to complete in 18 months, enabling a build decision in 2028. This financing secures the Company’s vision and strategy as an emerging precious metals developer in the Tier 1 Cariboo District, BC Canada."","length":491,"tagName":"p"},{"type":"text","content":"Wheaton Precious Metals, President & Chief Executive Officer, Haytham Hodaly, commented: "Wheaton is pleased to support the advancement of Spanish Mountain, a long‑life gold project in British Columbia, a jurisdiction we know well. The project’s scale and long‑term potential align with our disciplined approach to growth in established mining jurisdictions."","length":373,"tagName":"p"},{"type":"text","content":"Key Transaction Terms","length":21,"tagName":"p"},{"type":"text","content":"The first installment of US$22.5 million is expected to be received by Spanish Mountain Gold in the next few weeks. The second installment of US$12.5 million is payable to Spanish Mountain Gold following the completion of 60,000 metres of drilling at the Project. The third installment of US$20 million is payable to Spanish Mountain Gold on the receipt of approvals under the Environmental Assessment Act (British Columbia) for the construction, development, and operation of a mine at the Project.","length":499,"tagName":"p"},{"type":"text","content":"The Company may buy-back one third of the NSR if the Compa...