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Nuvau Minerals Announces Satisfaction of Post-Closing Payment to Glencore Under Earn-In Agreement
Toronto, Ontario--(Newsfile Corp. - May 4, 2026) - Nuvau Minerals Inc. (TSXV: NMC) (the " Company...
About this update from Nuvau Minerals Inc.
[{"type":"text","content":"Nuvau Minerals Announces Satisfaction of Post-Closing Payment to Glencore Under Earn-In AgreementToronto, Ontario--(Newsfile Corp. - May 4, 2026) - Nuvau Minerals Inc. (TSXV: NMC) (the \"Company\" or \"Nuvau\") is pleased to announce that, further to its news release dated March 2, 2026, it has satisfied its post-closing payment under the second amended and restated earn-agreement dated January 28, 2026 (the \"Earn-In Agreement\") among the Company, Nuvau Minerals Corp. and Glencore Canada Corporation (\"Glencore\"), pursuant to which the Company acquired (the \"Earn-In Transaction\") from Glencore its interest in certain properties comprising the Matagami mining camp (collectively, the \"Property\"), located in the Abitibi region of central Québec, Canada.In satisfaction of the aggregate payment of $10,000,000 to Glencore under the Earn-In Agreement, the Company: (i) paid $5,000,000 in cash, and (ii) issued 6,325,910 common shares in the capital of the Corporation (the \"Payment Shares\") at a deemed issue price of $0.7904 per Payment Share for the remaining $5,000,000.The issuance of the Payment Shares was subject to final acceptance of the TSX Venture Exchange. The Payment Shares are subject to a four-month and one day hold period under applicable Canadian securities laws.For more information regarding the Earn-In Transaction, please refer to the Earn-In Agreement, a copy of which has been filed and is available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile.About NuvauNuvau is a Canadian mining and exploration company advancing a historic mining camp toward a production restart while generating new critical metal and gold discoveries. Its flagship asset is the past-producing Matagami mining district in the Abitibi region of Québec. Nuvau controls a 1,380 square kilometre land package and benefits from access to permitted mining infrastructure, including an option on a 3,000 tpd concentrator. The Company's strategy is to combine district-scale exploration targeting zinc-copper VMS deposits and newly recognized gold potential with resource growth and project development.For further information please contact:Christina McCarthyChief Executive Officer, Nuvau MineralsTelephone: 416-712-6151Email: [email protected] Cautionary StatementsThis news release contains forward-looking statements and f...