Brookmount Gold Completes Asset Transfer and Recapitalisation for North American Gold Spinoff and Share Distribution Transaction:
Rhea-AI Summary
Brookmount Gold (OTC:BMXI) confirmed completion of the transfer of its Canadian and Alaskan gold properties into newly formed North America Gold (NAG). Brookmount shareholders will receive a 35% interest in NAG, which the company intends to list separately on a U.S. exchange. This month Brookmount will issue shares to founding shareholders and commence a share buyback program. NAG is being redomiciled to an offshore jurisdiction to facilitate listing; an updated NI 43-101 for the Moosehorn property and an investor deck will be posted shortly.
Positive
- 35% interest in new North America Gold allocated to Brookmount shareholders
- Transfer of Canadian and Alaskan properties to NAG completed
- Company to commence share buyback program this month
- Updated NI 43-101 for Moosehorn and investor deck to be published soon
Negative
- Listing of NAG is contingent on redomicile and regulatory approvals, timing uncertain
- Issuance of shares to founding shareholders could affect shareholder dilution dynamics
News Market Reaction
On the day this news was published, BMXI gained 1.81%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
RENO, NEVADA / ACCESS Newswire / January 14, 2026 / The Board of Directors of Brookmount Gold is pleased to confirm that the transfer process for the Canadian and Alaskan gold properties to its newly formed subsidiary North America Gold, Inc. has now been completed. This transfer process represents an integral component of the restructuring and recapitalization process that will result in Brookmount shareholders receiving a
Management has now completed a comprehensive "investor deck" on the operations and financing of NAG and this, together with a recently "refreshed" edition of the NI43-101 report on the estimated resource of its Canadian gold property, "Moosehorn", will shortly be made available on the Company's website and OTC Markets page.
We will continue to update shareholders as further progress on this significant transaction for the Company unfolds.
About Brookmount Gold:
Founded in 2018, Brookmount Gold is a high-growth gold-producing Company incorporated and listed on OTCMarkets in the United States (OTC:BMXI) (BMXI.US) with operating gold mines in Southeast Asia and exploration and production assets in North America. The Company is actively looking to secure additional high-quality gold assets with JORC/NI 43-101 verified resources.
Safe Harbor Statements:
Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.
Brookmount Gold Corp (Brookmount Explorations, Inc.)
Investor Relations Contact: info@chesapeakegp.com
or 410 825 3930
Website: https://www.brookmountgold.com
Corporate Contact:
corporate@brookmountAu.com
Social Links: BrookmountAu X (Formerly Twitter);
https://BrookmountAu.com (@BrookmountAu)
SOURCE: Brookmount Explorations, Inc.
View the original press release on ACCESS Newswire
FAQ
What did Brookmount Gold (BMXI) announce on January 14, 2026 about North America Gold?
How will the Brookmount (BMXI) shareholder distribution of 35% in NAG be delivered?
When will Brookmount (BMXI) start its share buyback program?
Will North America Gold (NAG) be listed and where, according to Brookmount (BMXI)?
What technical information will Brookmount (BMXI) release about its Canada asset Moosehorn?
