CopAur Minerals Sells Bolo Project Interest, Strengthening Focus on Flagship Kinsley Mountain
Rhea-AI Summary
CopAur Minerals (TSXV: CPAU) has announced the sale of its minority stake in the Bolo Gold Project to Allegiant Gold Ltd. The transaction aligns with CopAur's strategic focus on developing its 100%-owned Kinsley Mountain Oxide Gold Project in Nevada, a past-producing asset.
The deal terms include cash consideration and the forgiveness of certain debt obligations that CopAur owed to Allegiant, though specific financial details were not disclosed.
Positive
- Strategic divestment allows focus on 100%-owned Kinsley Mountain project
- Debt reduction through forgiveness of obligations to Allegiant
- Receipt of cash consideration strengthens balance sheet
Negative
- Loss of diversification through sale of minority interest in Bolo Gold Project
News Market Reaction 1 Alert
On the day this news was published, COPAF gained 0.69%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2025) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company" or "CopAur") announces that it has sold its minority interest in the Bolo Gold Project (the "Property") to Allegiant Gold Ltd. ("Allegiant").
This transaction is consistent with the Company's strategic decision to focus its attention and resources on advancing its
Under the terms of the agreement, CopAur will receive cash consideration and the forgiveness of certain debt obligations owed to Allegiant by CopAur.
About CopAur
CopAur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada with the flagship project being Kinsley Mountain Gold Project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).
On Behalf Of The Board Of CopAur Minerals Inc.
Conrad Swanson, Chairman
For more information, please contact ir@copaur.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
This news release contains forward-looking statements. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262631
FAQ
What assets did CopAur Minerals (COPAF) sell to Allegiant Gold?
What are the terms of CopAur Minerals' sale of Bolo Project to Allegiant Gold?
What is CopAur Minerals' (COPAF) main focus after selling Bolo Project?
Why did CopAur Minerals sell its Bolo Gold Project interest?
