Business
Minera Alamos Announces Partial Repurchase of a Royalty on Its Cerro de Oro Project
Toronto, Ontario--(Newsfile Corp. - May 19, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce that, further to the transactions disclosed in its news release dated March 31, 2026 (the "March News Release"), the Company has provided its notice of intent to exercise its option to repurchase a portion of the net smelter return royalty equal to 0.75% on the Cerro de Oro project located in northern Zacatecas, Mexico from Auramet Capital...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 19, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce that, further to the transactions disclosed in its news release dated March 31, 2026 (the "March News Release"), the Company has provided its notice of intent to exercise its option to repurchase a portion of the net smelter return royalty equal to 0.75% on the Cerro de Oro project located in northern Zacatecas, Mexico from Auramet Capital Partners, L.P. ("Auramet") for a purchase price of US$4.5 million (the "Royalty Option Repurchase").","length":653,"tagName":"p"},{"type":"text","content":"The repurchase of the royalty pursuant to the Royalty Option Repurchase is a condition to the closing and funding of the Company's proposed revolving credit facility (the "Revolver") with The Bank of Nova Scotia and National Bank of Canada, previously announced in the March News Release, and is required in connection with the establishment of the related security package for the Revolver. Further details regarding the Revolver are set out in the March News Release.","length":483,"tagName":"p"},{"type":"text","content":"In connection with the Royalty Option Repurchase, the Company has entered into an agreement with Auramet pursuant to which the US$4.5 million purchase price will be satisfied through the issuance to Auramet of 895,572 common shares of the Company at a price of C$6.91 per share, subject to the approval of the TSX Venture Exchange.","length":331,"tagName":"p"},{"type":"text","content":"About Minera Alamos","length":19,"tagName":"p"},{"type":"text","content":"Minera Alamos is a growing North American gold production and development company with projects in Nevada, Arizona, and Mexico. The Company owns the Pan Operating Complex in White Pine County, Nevada, comprised of the producing Pan mine and the adjacent permitted Gold Rock project, as well as the nearby past-producing Illipah project.","length":336,"tagName":"p"},{"type":"text","content":"The Company also owns the Copperstone project in La Paz County, Arizona, a permitted, advanced underground gold project. The Company maintains a portfolio of high-quality Mexican assets, including the Cerro de Oro project, an open pit heap leach gold development projec...