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Revival Gold Announces Sale of Non-Core Diamond Mountain Phosphate Property
Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) ("Revival Gold" or the "Company") is pleased to announce that pursuant to a property purchase agreement dated May 29, 2026 (the "Agreement") between Revival Gold, Canadian Phosphate Ltd. ("Canadian Phosphate") and Utah Minerals Resources LLC ("UMR"), Revival Gold will vend its 51% interest in its non-core Diamond Mountain phosphate project ("Diamond Mountain") to Canadian Phosphate. UMR will vend the
About this update from Revival Gold Inc
Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) ("Revival Gold" or the "Company") is pleased to announce that pursuant to a property purchase agreement dated May 29, 2026 (the "Agreement") between Revival Gold, Canadian Phosphate Ltd. ("Canadian Phosphate") and Utah Minerals Resources LLC ("UMR"), Revival Gold will vend its 51% interest in its non-core Diamond Mountain phosphate project ("Diamond Mountain") to Canadian Phosphate. UMR will vend the other 49% interest in Diamond Mountain to Canadian Phosphate. "Revival Gold is focused on advancing our pipeline of U.S. gold projects", said Hugh Agro, President & CEO. "The sale of Diamond Mountain will generate immediate cash proceeds from a non-core asset while providing Revival Gold with ongoing exposure to Diamond Mountain's critical mineral exploration and development upside", added Agro. Diamond Mountain is a phosphate exploration project located in Uintah County, Utah. Canadian Phosphate, listed on the Australian Stock Exchange (the "ASX"), is an experienced exploration and development company with phosphate assets in British Columbia, Canada. Canadian Phosphate aims to become a leading supplier of phosphate rock for manufacturing fertilizer and Lithium Iron Phosphate (LFP) batteries in North America. As consideration for the sale of its 51% interest in Diamond Mountain, Revival Gold will receive the following consideration: The sale of Diamond Mountain is subject to customary closing conditions and receipt of all necessary regulatory approvals, including Canadian Phosphate obtaining ASX approval and the approval its shareholders, if required by the ASX. Closing is expected prior to or during Q3 2026. Qualified Persons Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company. 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 M...