Stocks
Revival Gold Announces Closing of Sale of Non-Core Diamond Mountain Phosphate Property
Toronto, Ontario--(Newsfile Corp. - July 29, 2026) - Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) ("Revival Gold" or the "Company") is pleased to announce that further to its press release dated June 1st, 2026, Revival Gold has closed the sale of its 51% interest in its non-core Diamond Mountain phosphate project ("Diamond Mountain") to Canadian Phosphate Ltd. ("Canadian Phosphate"). The sale was completed pursuant to a property purchase agreement dated May 29th, 2026 (the "Agreement") between..
About this update from Revival Gold Inc
Toronto, Ontario--(Newsfile Corp. - July 29, 2026) - Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) ("Revival Gold" or the "Company") is pleased to announce that further to its press release dated June 1st, 2026, Revival Gold has closed the sale of its 51% interest in its non-core Diamond Mountain phosphate project ("Diamond Mountain") to Canadian Phosphate Ltd. ("Canadian Phosphate"). The sale was completed pursuant to a property purchase agreement dated May 29th, 2026 (the "Agreement") between Revival Gold, Canadian Phosphate and Utah Minerals Resources LLC ("UMR"). UMR sold the other 49% interest in Diamond Mountain to Canadian Phosphate. On closing, Revival Gold received a cash payment of US$127,500 and 3,081,286 shares of Canadian Phosphate (the "CP8 Shares") currently valued at approximately US$270,000 based on a deemed price per CP8 Share of AUD$0.125. On or prior to the first anniversary of the date of the Agreement, Revival Gold will receive a cash payment of US$255,000 and will have the option, in its sole discretion and exercisable at any time, to have such payments satisfied by the issuance of CP8 Shares. If the Company elects for the issuance of CP8 shares, the price per CP8 share will be equal to a 5% discount to a 15-day volume weighted average price of CP8 shares on the Australian Stock Exchange ending on the date prior to the date of notice provided to CP8. On or prior to the first anniversary after the commencement of commercial production, Revival Gold will receive a cash payment of US$765,000. Canadian Phosphate will have the option to satisfy the foregoing payment in CP8 Shares. About Revival Gold Inc. Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under the ticker symbol "RVLGF". The Company is headquartered in Toronto, Canada, with its U.S. exploration and development office located in Salmon, Idaho. For further information, please contact: Hugh Agro, President & CEO or Lisa Ross, Vice President & CFOTelephone: (416) 366-4100 or Email: [email protected] Cautionary Statement Neither the TSX Venture Exchange nor its Regulation Ser...