Brookmount Gold Shares Update on Progress Towards North American Asset Spinoff and Share Distribution
Rhea-AI Summary
Brookmount Gold (CSE:BMXI) announced completion of an agreement to transfer ownership of its three North American properties to a newly formed company, North America Gold, and to distribute shares in that company to Brookmount shareholders by way of a special share dividend. The company said details on the dividend amount and settlement date will be provided shortly.
The Board retained Stantec to update and revalidate the NI 43-101 technical report for the Canadian property and BDO Consulting to complete audit reviews for the two Alaskan properties. These reports are expected largely complete before year end to support an SEC registration statement, engagement of underwriter(s), and a planned NYSE American listing of North America Gold in Q1 2026.
Positive
- Transfer of three North American properties to North America Gold
- Special share dividend planned for Brookmount shareholders
- Stantec retained to revalidate NI 43-101 for Canadian property
- BDO retained to perform audit reviews for two Alaskan properties
- Targeting SEC registration and NYSE American listing in Q1 2026
Negative
- Special dividend amount and settlement date not yet announced
- Listing and offering contingent on SEC registration and underwriters
- Completion of technical and audit reports pending before year end
RENO, NV / ACCESS Newswire / December 3, 2025 / The Board of Directors of Brookmount Gold is pleased to confirm the following initiatives on the restructuring of the North American assets and special share dividend. The Company has now formalized the agreement pursuant to which ownership of the three North American properties will be transferred from Brookmount to North America Gold. Following settlement of the transfer, new shares in North America Gold will be issued to existing shareholders of Brookmount by way of a special dividend. A further update on amount and settlement date for the special dividend shares will be issued shortly.
The Board has now appointed Stantec Consulting Ltd. to update and revalidate their NI 43-101 technical report on the Canadian property, which was originally completed in 2018, and has also retained BDO Consulting to complete audit review for the remaining 2 Alaskan properties. Completion of these reports should be largely completed before year end and will facilitate management finalising an SEC registration statement and proceeding with securing underwriter(s) for the public offering and listing of North America Gold shares on the NYSE Amex exchange to be undertaken in Q1 2026.
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 December 3, 2025 about North America Gold?
When will Brookmount (BMXI) shareholders receive North America Gold shares?
What technical and audit work did Brookmount (BMXI) appoint for the spin‑off?
What is the timeline for North America Gold’s planned listing from Brookmount (BMXI)?
Does the Brookmount (BMXI) announcement guarantee a public offering of North America Gold?
