$SPA.V

Spanish Mountain Gold Reports Results From 21 Drill Holes at Its Cariboo Project

Spanish Mountain Gold (SPA.V) on Tuesday reported assay results from 21 diamond drill holes completed at its Spanish Mountain Gold project in British Columbia's Cariboo Gold Corridor.The company said it has completed about 25,588 meters of drilling so far under its 2025-2026 drilling program, including 11,600 metres of a planned 60,000-metre feasibility study drilling program launched in March 2026. Assay results from 23 additional drill holes are still pending.Several drill holes reported intersected visible gold in quartz veins. Hole 26-DH-1338 returned 21.53 grams per tonne (gp/t) of gold over 0.5 meters within a broader interval of 116 meters grading 0.44 g/t gold "confirming that the Orca Fault Corridor is the primary control of higher-grade intervals within the near-surface deposit", the company said."Crews have been mobilized to site with two diamond drill rigs focused on infill drilling on the Main deposit and one sonic rig dedicated to groundwater and geotechnical drilling. Additional diamond drill rigs will be mobilized to site in the coming months that will result in regular news flow as assay results are received and reported," Chief Executive Peter Mah said.The company's shares closed up $0.005 to $0.35 on the TSX Venture Exchange.Price: $0.35, Change: $+0.01, Percent Change: +1.45%

Spanish Mountain Gold Closed First Tranche Of Royalty Financing And Receipt Of US$22.5M

Spanish Mountain Gold (SPA.V) closed the first tranche of its previously announced royalty sale to Wheaton Precious Metals Corp. (WPM.TO, WPM), the company said over the weekend.As part of the first tranche closing, the company received US $22.5 million from Wheaton. A further US$32.5 million is available to the company under the terms of the Royalty Financing following the satisfaction of certain conditions precedent, it added.Shares in SPA were up 5% and nearer to 52 week highs in Canada last Friday.

Spanish Mountain Gold Sells 1.5% Royalty to Wheaton Precious Metals for US$55 Million

Spanish Mountain Gold (SPA.V) on Tuesday said it has entered into a royalty agreement with Wheaton Precious Metals (WPM.TO) on the Spanish Mountain Gold project for total cash proceeds of US$55 million.Under the agreement, Wheaton will acquire a 1.5% net smelter returns royalty on gold and silver production from the Spanish Mountain Gold project in British Columbia.The proceeds will be paid in three installments. The first installment of $22.5 million will be received in the next few weeks. The second installment of $12.5 million is payable following the completion of 60,000 meters of drilling. The third installment of $20 million is payable on the receipt of approvals for the construction, development and operation of a mine at the project.Spanish Mountain Gold may buy back one-third of the NSR if it undergoes a change of control prior to Dec. 31, 2030, or the achievement of a completion test based on actual throughput at the mine compared to the target, whichever comes earlier.If the company has not fully achieved the completion test on or before April 1, 2030, the percentage of the NSR will increase up to 0.15%, unless the company chooses to pay Wheaton $16 million.

Spanish Mountain Gold Announced Sale of a 1.5% Royalty to Wheaton Precious Metals for US$55M