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Sailfish Announces the Acquisition of a Five-Year Gold Stream and Subsequent 2% NSR on the Permitted Mt. Hamilton Gold-Silver Project in Nevada
Tortola, British Virgin Islands--(Newsfile Corp. - September 30, 2025) - Sailfish Royalty Corp. (...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"Sailfish Announces the Acquisition of a Five-Year Gold Stream and Subsequent 2% NSR on the Permitted Mt. Hamilton Gold-Silver Project in NevadaTortola, British Virgin Islands--(Newsfile Corp. - September 30, 2025) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQB: SROYF) (the \"Company\" or \"Sailfish\") is pleased to announce that it has entered into a binding term sheet with Mako Mining Corp. (\"Mako\") dated September 29, 2025, to acquire a five-year gold stream and a subsequent 2% NSR royalty (the \"Mako Agreement\") on the permitted Mt. Hamilton Gold-Silver Project located in White Pine County, Nevada, USA (the \"Property\"). The above transaction is facilitated by the Company acquiring Mt. Hamilton LLC, which owns the Property (the \"Acquisition\"), from a third party pursuant to a purchase agreement dated September 27, 2025 (the \"Purchase Agreement\"), and subsequently transferring the Mt. Hamilton LLC to Mako in exchange for the stream and 2% NSR defined below (the \"Disposition\"). To fund the transaction, Sailfish has entered into a commitment letter with Wexford Capital LP (the \"Commitment Letter\") for a senior secured bridge term facility in the aggregate amount of up to US$40 million (the \"Wexford Loan\"). Mount Hamilton Open Pit Heap Leach Gold-Silver ProjectThe Property has all major state and federal permits to begin construction for an open pit, heap leach gold-silver project, and has a current mineral resource estimate. For further information, please refer to Mako's news release issued on September 29, 2025, which is available on its SEDAR+ profile at www.sedarplus.ca or on Mako's website at www.makominingcorp.com.Paolo Lostritto, CEO stated, \"The successful acquisition of a gold stream, which will result in immediate cash-flow to the Company and subsequent 2% NSR on Mt. Hamilton, serves as an important growth bridge between current operations and the start of production from the Spring Valley gold mine. The anticipated change in cash-flow and additional precious metals leverage should bode well for the Company's market multiple. In addition, we are pleased to announce that we have engaged National Bank Capital Markets as a Strategic Advisor.\"Gold Stream and 2% Net Smelter RoyaltyUpon transferring Mt. Hamilton LLC to Mako, the Company will receive: (i) a monthly gold stream for a period of 60 months, whereby ...