Minera Alamos Inc V.MAI

Alternate Symbol(s): MAIFF

Metals & Mining Industrial Metals & Minerals

Minera Alamos Inc. is a gold production and development company. The Company has a portfolio of Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is going through the start-up of operations at the new Nicho Main deposit. The Santana Property consists of certain mining claims located approximately east-southeast of Hermosillo, Sonora, Mexico. Additionally, the Company holds a 100% interest in certain contiguous mining concessions referred to as Santa Lucia and Hilda 35 Fraccion 1, located in Sonora State, Mexico. Its 100%-owned Cerro de Oro oxide gold project that comprises Zacatecas I and Zacatecas II concessions is located in northern Zacatecas and covers about 6,500-hectare (ha). The Company holds a 100% interest in the La Fortuna open pit gold project in Durango, which covers about 6,200 ha. The Company also holds a 100% interest in a mining property known as Los Verdes, a molybdenum-copper property located in the State of Sonora, Mexico.

TSXV:MAI - Post by User

Minera Alamos Inc

<< Previous

Bullboard Posts

Next >>

Post by loonietuneson Jun 24, 2021 7:03pm

194 Views

Post# 33448554

News out after the bell

Minera Alamos, Osisko Gold property agreement amended

2021-06-24 18:10 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to an amending option agreement dated May 14, 2021, between Minera Alamos Inc. and a non-arm's-length party, Osisko Gold Royalties Ltd. (the purchaser). Pursuant to the amendment, the purchaser will have an additional 12-month period, ending on May 15, 2022, to exercise its right to acquire an aggregate 4-per-cent net smelter return (NSR) royalty on the La Fortuna project, which is located in the state of Durango, Mexico.

The company had originally granted the option to the purchaser in accordance with a royalty option agreement dated May 30, 2017, and amended and restated royalty option agreement dated Dec. 18, 2018, whereby the purchaser may exercise the option and acquire the NSR royalty by paying an aggregate cash consideration equal to $9-million.

For further details, please refer to the company's news releases dated Dec. 12, 2018, and May 20, 2021.

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023