Argo Completes Sale of Rockstar Gold Project Royalty for $250,000
Argo Gold (ARBTF) has completed the sale of its net smelter return royalty on the Rockstar Gold Project in Ontario for cash consideration of C$250,000.
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Rhea-AI Summary
Argo Gold (ARBTF) has completed the sale of its net smelter return royalty on the Rockstar Gold Project in Ontario for cash consideration of C$250,000. The transaction was executed under a royalty purchase agreement through which Argo sold, assigned and transferred all of its rights and interests in the royalty, free of encumbrances.
The Rockstar royalty was a 1% net smelter return royalty that included a 0.5% buyback right for $500,000. The underlying Rockstar Gold Project consists of 27 square kilometres of mineral exploration claims located about 15 kilometres south-southeast of the Island Gold Mine operated by Alamos Gold. Argo Gold remains listed on the Canadian Securities Exchange under CSE: ARQ and on OTC and German markets.
Positive
- C$250,000 cash proceeds from sale of Rockstar Project royalty
- Royalty sale completed with rights transferred free and clear of encumbrances
Negative
- None.
Details
News Market Reaction – ARBTF
On Sep 11, the day this news came out, ARBTF closed 3.61% below the previous close.
Data tracked by StockTitan Argus for the Sep 11 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - September 11, 2026) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") announces that it has completed the sale of its net smelter return royalty (the "Royalty") on the Rockstar Gold Project, located in Jacobson and Riggs Townships, Ontario, for total cash consideration of C
The Rockstar Gold Project Royalty was a
About Argo Gold
Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR at www.sedarplus.ca and on Argo Gold's website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS.
Paul Poggione, President
(613) 277-1989
paul@argogold.ca
Judy Baker, CEO
(416) 786-7860
jbaker@argogold.ca
www.argogold.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313974
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What exactly did Argo Gold sell in the Rockstar Gold Project transaction?
Argo Gold sold its 1% net smelter return royalty on the Rockstar Gold Project, including all of its right, title and interest in the royalty, under a royalty purchase agreement. The royalty had included a 0.5% buyback right for $500,000.
Where is the Rockstar Gold Project located and how large is it?
The Rockstar Gold Project covers 27 square kilometres of mineral exploration claims in Jacobson and Riggs Townships, Ontario, approximately 15 kilometres south-southeast of the Island Gold Mine owned and operated by Alamos Gold.
On which exchanges is Argo Gold currently listed?
Argo Gold is listed on the Canadian Securities Exchange under CSE: ARQ, on the OTC Pink market under ARBTF, and on German exchanges under symbol A2ASDS (XFRA, XSTU, XBER).