Antler Gold Stock Price, News & Analysis

Antler Gold has announced a strategic amendment to its agreement with Fortress Asset Management regarding the Erongo Central Gold Project in Namibia. The original earn-in structure is being converted to an outright sale, offering enhanced upfront value. Under the new terms, Antler will receive US$800,000 in cash and CDN$4.11 million in shares of FortressCo for 80% of the project.

Fortress retains the right to acquire the remaining 20% equity interest for US$1.7 million within three years of FortressCo's public listing. Antler maintains a 2% net smelter return royalty and will continue as project operator for 24 months. The transaction requires shareholder approval with 50%+1 consent and regulatory approvals from TSX-V and Namibian authorities.

Antler Gold Inc. (TSXV: ANTL) has finalized a definitive agreement with Fortress Asset Management for the Erongo Central Gold Project in Namibia. Under the agreement, Fortress can acquire up to 100% interest in the project for US$5.5 million, with an additional US$6.0 million for exploration expenditures. Antler will retain a 2% net smelter return royalty on the entire project.

The Erongo Central Gold Project comprises four active Exclusive Prospecting Licenses and one application, totaling 19,514.44 hectares in the Damara Belt. It is strategically located near the 3.2 Moz Twin Hills Gold Project and QKR's Navachab Gold Mine. Initial exploration has confirmed high potential for a structurally controlled, metasediment-hosted hydrothermal gold system, with best historical rock chip assays including 80 g/t Au.

Antler Gold Inc. (TSXV: ANTL) has provided an update on the option agreement with Fortress Asset Management for the Erongo Central Gold Project in Namibia. The execution date for the definitive option agreement has been extended from July 24, 2024, to September 16, 2024. This agreement allows Fortress to acquire up to 100% interest in the project for US$5.5 million and US$6.0 million in exploration expenditures. Antler will retain a 2% net smelter return royalty and act as the project operator during the three option periods. The company has already secured shareholder approval for the transaction at its Annual and Special Meeting on July 15, 2024, and is currently finalizing the agreement with Fortress.

Antler Gold has announced an option agreement for the Erongo Gold Project in Namibia, pending TSX-V and shareholder approval. The agreement follows a Letter of Intent with Fortress Asset Management.

Details and historical context can be found in prior news releases from April 22, 2020, to May 23, 2024. The project aims to expand Antler Gold's exploration activities in Namibia.

Antler Gold has announced a binding LOI with Fortress Asset Management for the Erongo Gold Project in Namibia. The agreement allows Fortress to acquire up to 100% interest in Erongo over three years for US$ 5.5 million, US$ 6 million in exploration expenditures, and issuing a 2% net smelter return (NSR) to Antler.

The Erongo Project spans 19,514.44 hectares and includes multiple Exclusive Prospecting Licenses (EPLs). Initial Antler exploration from 2021 identified significant gold potential, including high-grade rock chip assays and promising geophysical survey results. The project is strategically located near major gold projects like Twin Hills and Navachab Gold Mine.

Key terms include systematic cash payments, share issuance, and staged exploration expenditure commitments. Antler will act as the operator during the option period, earning a management fee. A Special Purpose Vehicle will be formed, and a Definitive Agreement will be prepared within 30 days.