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

News Market Reaction

+1.81%

1 alert

+1.81% News Effect

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.

Key Figures

North American properties: 3 properties Target listing window: Q1 2026 Technical report year: 2018 report

3 metrics

North American properties 3 properties Assets to be transferred to North America Gold

Target listing window Q1 2026 Planned NYSE Amex listing of North America Gold

Technical report year 2018 report Original NI 43-101 technical report on Canadian property

Market Reality Check

Price: $0.0378 Vol: Volume 2,295,975 is below...

normal vol

$0.0378 Last Close

Volume Volume 2,295,975 is below the 20-day average of 3,049,405 (relative volume 0.75). normal

Technical Price 0.0237 is trading below the 200-day MA at 0.03 ahead of the spinoff update.

Peers on Argus

Gold peers were mostly flat, with one name up 1.1%, while BMXI was down 3.6% pre...

Gold peers were mostly flat, with one name up 1.1%, while BMXI was down 3.6% pre-announcement, pointing to a stock-specific move rather than a sector-wide shift.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Spinoff progress update	Positive	+1.8%	Confirmed transfer of three North American assets and special share dividend plan.
Nov 24	Reg A termination	Positive	-2.6%	Ended Reg A after issuing 92.75M shares and using proceeds to cut debt.
Oct 29	Spinoff framework	Positive	+20.8%	Outlined Q1 2026 North America Gold spinoff and ~40% special dividend plan.
Oct 21	Website relaunch	Positive	-19.7%	Launched new corporate website and investor relations portal for transparency.
Oct 21	Q3 2025 earnings	Positive	-19.7%	Reported $5.04M revenue, $1.71M net income and stronger balance sheet metrics.

Pattern Detected

News reactions have been volatile and mixed, with several positive updates followed by sharp declines, but some spinoff headlines have triggered strong gains.

Recent Company History

This announcement continues Brookmount’s focus on spinning off its three North American properties into North America Gold and distributing shares via a special dividend. Prior spinoff updates on Oct 29, 2025 and Nov 24, 2025 outlined the planned Q1 2026 timeline, stock-based transfer and NI 43-101–linked valuation models above USD $100 million. Alongside this, Brookmount reported Q3 FY2025 revenue of $5.04M and net income of $1.71M, plus website and IR upgrades. Price reactions have ranged from gains above 20% to drops near 20% after news.

Market Pulse Summary

This announcement details concrete steps toward transferring three North American properties into No...

Analysis

This announcement details concrete steps toward transferring three North American properties into North America Gold, distributing shares via a special dividend, and targeting a NYSE Amex listing in Q1 2026. It emphasizes updated NI 43-101 work and audit reviews to support an SEC registration statement. In context of earlier spinoff communications and recent Form 4 disclosures, investors may track completion of the technical reports, final dividend terms, listing progress, and any further governance-related filings.

Key Terms

ni 43-101, sec registration statement, public offering, nyse amex

4 terms

ni 43-101 technical

"to update and revalidate their NI 43-101 technical report on the Canadian property"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

sec registration statement regulatory

"will facilitate management finalising an SEC registration statement and proceeding"

An SEC registration statement is a formal filing a company makes with the U.S. Securities and Exchange Commission that lays out its business, financial condition, ownership, legal issues and the risks of investing, often when offering new securities to the public. Investors use it like a detailed recipe or instruction manual to judge whether a company's claims hold up, because it provides standardized disclosures that help compare opportunities and spot potential red flags.

public offering financial

"securing underwriter(s) for the public offering and listing of North America Gold"

A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.

nyse amex regulatory

"listing of North America Gold shares on the NYSE Amex exchange"

A U.S. securities exchange that operates as a specialized marketplace for buying and selling stocks, options and other listed securities, with a focus on smaller and emerging companies. Think of it as a dedicated aisle inside a larger market where different rules, listing standards and trading practices can affect how easy it is to buy or sell a security and how transparent prices are. Investors care because the exchange influences liquidity, regulatory oversight and the pool of buyers and sellers, which can affect price volatility and ease of executing trades.

AI-generated analysis. Not financial advice.

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?

Brookmount confirmed transfer of three North American properties to North America Gold and a planned special share dividend to Brookmount shareholders.

When will Brookmount (BMXI) shareholders receive North America Gold shares?

A further update on the dividend amount and settlement date will be issued shortly; no date was provided.

What technical and audit work did Brookmount (BMXI) appoint for the spin‑off?

Brookmount appointed Stantec to revalidate the NI 43‑101 on the Canadian property and BDO Consulting for audit reviews of two Alaskan properties.

What is the timeline for North America Gold’s planned listing from Brookmount (BMXI)?

Reports are expected largely complete before year end to support an SEC registration and a planned NYSE American listing in Q1 2026.

Does the Brookmount (BMXI) announcement guarantee a public offering of North America Gold?

No; the company said the offering and listing depend on completing the SEC registration and securing underwriter(s).