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Minera Alamos Inc V.MAI

Alternate Symbol(s):  MAIFF

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

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Post by GoldenPolarBearon Nov 11, 2024 6:40pm
134 Views
Post# 36307387

Fahad Al Tamimi obviously needed the 1.25 million usd! WHY?

Fahad Al Tamimi obviously needed the 1.25 million usd! WHY?

Well, I'm not pleased that a multimillionaire is demanding...
I understand that the affluent Fahad Al Tamimi invested a fortune in Sabre Gold but why didn't Fahad simply except even mORE Minera Alamos shares to resolve this debt in January? Concerning!

"...Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ("Sabre Gold" or the "Company") is pleased to announce that it has successfully completed the previously announced repurchase of the 1.5% net smelter returns royalty ("NSR") on the Copperstone Gold project ("Copperstone") held by Trans Oceanic Minerals Company Ltd. ("TOMC") for a total consideration of US$1.25 million. 

As part of the agreement, Sabre Gold satisfied the purchase price through the transfer to TOMC of a 0.5% NSR royalty on the 3 Aces project, an exploration project owned by Seabridge Gold Inc.. The 3 Aces project is located in the highly prospective region of the Yukon, Canada, and the royalty transfer provides TOMC with an ongoing royalty interest in this promising exploration project...."


https://stockhouse.com/news/press-releases/2024/11/11/sabre-gold-completes-the-repurchase-of-royalty-on-the-copperstone-gold-project

https://ca.marketscreener.com/quote/stock/URANO-ENERGY-CORP-119074286/news/Trans-Oceanic-Minerals-Company-Ltd-entered-into-a-letter-of-intent-to-acquire-13-91-stake-in-C2C-G-42079660/

 


Fahad Al Tamimi
Director

Mr. Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country. He was also a 50% partner of Worley Parsons Arabia, which undertook major infrastructure projects in the oil & gas, energy and a mining project worth over $5 billion in Saudi Arabia.

 

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