Allied Energy Corporation Signs MOU to Develop Option Agreement on Silver Reef Gold Property in California
Allied Energy Corporation (OTC: AGYP) has signed a Memorandum of Understanding (MOU) with Puma Gold LLC to potentially acquire an interest in the Silver Reef Gold Property in San Bernardino County, California. The non-binding MOU outlines a proposed Option Agreement that would allow Allied to earn a controlling interest through a three-phase earn-in program including cash payments, share issuances, and work commitments.
The strategic move comes as U.S. gold production reached 170 metric tons in 2023, with the sector generating over $11 billion in value. Gold prices have remained strong, trading above $2,633.00 per ounce in 2025. The company aims to validate historical drilling results, develop a NI 43-101 compliant resource estimate, and advance toward feasibility studies and production permitting.
Allied Energy Corporation (OTC: AGYP) ha firmato un Memorandum of Understanding (MOU) con Puma Gold LLC per potenzialmente acquisire una partecipazione nella Proprietà aurifera Silver Reef a San Bernardino County, in California. Il MOU non vincolante descrive un Accordo di Opzione proposto che permetterebbe ad Allied di ottenere una partecipazione di controllo tramite un programma di guadagno in tre fasi, che comprende pagamenti in contanti, emissioni di azioni e impegni di lavoro.
La mossa strategica arriva mentre la produzione di oro negli Stati Uniti ha raggiunto 170 tonnellate metriche nel 2023, con il settore che ha generato oltre 11 miliardi di dollari di valore. I prezzi dell’oro si sono mantenuti elevati, scambiando al di sopra di 2.633,00 USD per oncia nel 2025. L’azienda punta a convalidare i risultati storici dei sondaggi, a sviluppare una stima delle risorse conforme NI 43-101 e ad avanzare verso studi di fattibilità e al rilascio dei permessi di produzione.
Allied Energy Corporation (OTC: AGYP) ha firmado un Memorando de Entendimiento (MOU) con Puma Gold LLC para posiblemente adquirir una participación en la Propiedad de Oro Silver Reef en el condado de San Bernardino, California. El MOU no vinculante describe un Acuerdo de Opción propuesto que permitiría a Allied obtener una participación de control a través de un programa de ganancia en tres fases que incluye pagos en efectivo, emisiones de acciones y compromisos de trabajo.
La jugada estratégica llega mientras la producción de oro de EE. UU. alcanzó 170 toneladas métricas en 2023, con el sector generando más de 11 mil millones de dólares en valor. Los precios del oro se han mantenido firmes, cotizando por encima de $2,633.00 por onza en 2025. La compañía tiene como objetivo validar los resultados de perforación históricos, desarrollar una estimación de recursos conforme a NI 43-101 y avanzar hacia estudios de viabilidad y la obtención de permisos de producción.
Allied Energy Corporation (OTC: AGYP)가 Puma Gold LLC와 양해각서(MOU)를 체결하여 캘리포니아 주 샌버너디노 카운티의 Silver Reef 금 광산 지분 취득 가능성을 모색합니다. 비구속적 MOU는 옵션 계약 제안을 개략적으로 설명하며, Allied가 현금 지급, 주식 발행, 작업 약정을 포함하는 3단계의 수염-in 프로그램을 통해 지배지분을 얻을 수 있도록 합니다.
이 전략적 움직임은 미국 금 생산이 2023년에 170미터톤에 달했다는 사실과, 이 부문이 110억 달러 이상의 가치를 창출했다는 점에 따른 것입니다. 금 가격은 2025년 온스당 2,633.00달러를 상회하며 강세를 유지하고 있습니다. 회사는 과거 드릴링 결과를 검증하고, NI 43-101에 부합하는 자원 추정치를 개발하며, 타당성 연구와 생산 permit을 향해 진전을 이루려 합니다.
Allied Energy Corporation (OTC: AGYP) a signé un protocole d’accord (MOU) avec Puma Gold LLC afin de potentiellement acquérir une participation dans la propriété aurifère Silver Reef dans le comté de San Bernardino, Californie. Le MOU non contraignant décrit une Proposition d’option qui permettrait à Allied d’obtenir une participation majoritaire à travers un programme d’acquisition en trois phases comprenant des paiements en espèces, des émissions d’actions et des engagements de travail.
Cette démarche stratégique intervient alors que la production d’or américaine a atteint 170 tonnes métriques en 2023, avec le secteur générant plus de 11 milliards de dollars de valeur. Les prix de l’or restent élevés, se négociant au-delà de 2 633,00 USD l’once en 2025. L’entreprise vise à valider les résultats historiques de forage, à développer une estimation des ressources conforme à NI 43-101 et à progresser vers des études de faisabilité et l’obtention de permis de production.
Allied Energy Corporation (OTC: AGYP) hat ein Absichtserklärung (MOU) mit Puma Gold LLC unterzeichnet, um möglicherweise eine Beteiligung an der Silver Reef Gold Property im San Bernardino County, Kalifornien zu erwerben. Das unverbindliche MOU skizziert eine vorgeschlagene Optionsvereinbarung, die Allied durch ein dreistufiges Earn-in-Programm eine beherrschende Beteiligung ermöglichen würde, einschließlich Bargeldzahlungen, Aktienausschüttungen und Arbeitsverpflichtungen.
Der strategische Schritt kommt, während die US-Goldproduktion im Jahr 2023 170 metrische Tonnen erreichte, wobei der Sektor einen Wert von über 11 Milliarden USD generierte. Die Goldpreise bleiben stark und werden im Jahr 2025 voraussichtlich über 2.633,00 USD pro Unze gehandelt. Das Unternehmen will historische Bohrresultate validieren, eine NI 43-101-konforme Ressourcenabschätzung entwickeln und Fortschritte in Machbarkeitsstudien sowie in der Erteilung von Produzierungsgenehmigungen machen.
Allied Energy Corporation (OTC: AGYP) وقعت مذكرة تفاهم مع شركة Puma Gold LLC لإمكانية الاستحواذ على حصة في ممتلكات Silver Reef الذهبية في مقاطعة سان بيرنادينو، كاليفورنيا. توضح مذكرة التفاهم غير الملزمة اتفاقية خيار مقترحة تسمح لـ Allied باكتساب حصة حاكمة من خلال برنامج اكتساب ثلاثي المراحل يشمل مدفوعات نقدية، وإصدارات أسهم، والتزامات عمل.
تأتي هذه الخطوة الاستراتيجية في وقت بلغ فيه إنتاج الذهب في الولايات المتحدة 170 طنًا متريًا في 2023، حيث بلغ القطاع قيمة تفوق 11 مليار دولار. ظلّت أسعار الذهب قوية قرب 2,633.00 دولار أمريكي للأونصة في 2025. تهدف الشركة إلى التحقق من نتائج الحفر التاريخية، وتطوير تقدير للموارد وفق NI 43-101، والتقدم نحو دراسات الجدوى وترخيصات الإنتاج.
Allied Energy Corporation (OTC: AGYP) 已与 Puma Gold LLC 签署一份谅解备忘录（MOU），以便在 位于加利福尼亚州圣贝纳迪诺县的 Silver Reef 金矿产权 中潜在取得股权。该非绑定的 MOU 概述了一个拟议的期权协议，允许 Allied 通过三阶段的增产计划获得控股权，其中包括现金支付、股票发行和工作承诺。
此举在美国金产量在 2023 年达到 170 公吨的背景下显得具有战略意义，金市创造的价值超过110 亿美元。黄金价格在 2025 年维持在高位，交易价格高于 每盎司 2,633.00 美元。公司目标是验证历史钻探结果，制定符合 NI 43-101 的资源估算，并推进可行性研究和生产许可的取得。
- None.
- MOU is non-binding and may not result in definitive agreement
- Historical drilling results require validation
- No current NI 43-101 compliant resource estimate
- Will require significant capital investment through work commitments
DALLAS, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP) (the “Company”), a diversified energy and resource development company, today announced it has entered into a Memorandum of Understanding (MOU) with Puma Gold LLC regarding the potential acquisition of an interest in the Silver Reef Gold Property, located in San Bernardino County, California.
The MOU outlines the framework for a proposed Option Agreement, which the parties intend to finalize within the coming weeks. If completed, the definitive Option Agreement would grant Allied the right to earn a controlling interest in the Silver Reef Property through a three-phase earn-in program, including staged cash payments, share issuances, and multi-million-dollar work commitments.
“While this is not yet a definitive option agreement, the signing of this MOU is a significant step for Allied,” said George Monteith, President of Allied Energy Corporation. “It reflects our strategy to expand into high-potential gold exploration at a time when U.S. gold production is regaining momentum and prices remain historically strong.”
California Gold Mining Opportunity
California remains one of the most iconic gold jurisdictions in the United States, with a mining history dating back to the mid-1800s Gold Rush. Today, rising gold prices and supportive state and federal permitting environments are encouraging renewed exploration.
Recent exploration activity across California and neighboring Nevada shows a revival in the Western U.S. gold belt, where companies such as Rise Gold Corp., Kore Mining, and Northern Vertex Mining are developing historic and underexplored properties. These projects demonstrate how dormant assets can be transformed into high-value, NI 43-101 compliant reserves using modern geologic techniques.
U.S. Gold Industry Tailwinds
- The U.S. produced 170 metric tons of gold in 2023, with Nevada and California as key contributors (U.S. Geological Survey).
- The U.S. gold mining sector generated over
$11 billion in value last year, with domestic production increasingly seen as vital for supply chain security. - With gold trading consistently above
$2,633.00 per ounce in 2025, the commodity continues to serve as a hedge against inflation and global economic uncertainty.
Against this backdrop, exploration-stage companies with strong assets in stable U.S. jurisdictions are capturing heightened investor interest.
The Silver Reef Property Path Forward
The MOU serves as a non-binding framework and will terminate unless replaced by a definitive Option Agreement. Allied and Puma Gold are working toward finalizing the binding agreement, which is expected to include:
- Validation of historical drilling results on the Silver Reef Property.
- Development of a NI 43-101 compliant resource estimate.
- A path toward feasibility studies and potential production permitting.
Why Allied, Why Now:
With many competitors focusing on Nevada’s Carlin and Cortez trends, California remains underexplored relative to its potential. Projects like Silver Reef, sitting on historic data yet largely overlooked in the modern era, represent low-cost entry points with scalable upside.
For Allied, this move provides:
- Portfolio diversification beyond oil & gas into precious metals.
- Exposure to the surging U.S. gold market, backed by strong macroeconomic fundamentals.
- A staged, de-risked earn-in structure that balances capital allocation with technical milestones.
About AGYP:
Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve.”
In addition to oil & gas, Allied is strategically diversifying into precious metals, providing shareholders exposure to multiple high-value resource sectors.
For more information about Allied Energy Corporation, visit: www.alliedengycorp.com.
Safe Harbor Statement:
This press release may contain certain forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.
Contact:
Allied Energy Corporation
Phone: 972-632-2393
Email: info@alliedengycorp.com
X: https://x.com/AlliedEnergyCo1
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