GoldMining Inc. (TSX: GOLD / NYSE American: GLDG)
Announced that it has acquired an existing 1% net smelter return (“NSR“) royalty on the Company’s Yarumalito Project in Colombia from Newrange Gold Corp. […]
|GoldMining Inc.||TSX : GOLD|
|Market cap||C$322 m @ C$2.14|
|Location||Various Latin American countries|
GoldMining Inc. Acquires Existing NSR Royalty On Its Yarumalito Project, Colombia
Vancouver, British Columbia– March 14, 2022 – GoldMining Inc. (the “Company” or “GoldMining“) (TSX: GOLD; NYSE American: GLDG) is pleased to announce that it has acquired an existing 1% net smelter return (“NSR“) royalty on the Company’s Yarumalito Project in Colombia from Newrange Gold Corp. (“Newrange”).
Pursuant to the agreement, the Company paid Newrange CAD$100,000 in cash and delivered 10,000 common shares of the Company.
GoldMining Inc. management comments
“Yarumalito was acquired by the Company in 2019 as part of a strategic consolidation of three projects in the Mid Cauca Belt of Colombia that form a district-scale property package in one of the underexplored gold-copper belts in the world.
“By acquiring this royalty, GoldMining provides additional optionality for future exploration, joint ventures or value-enhancing transactions as we continue our disciplined approach of unlocking value from our portfolio of gold and gold-copper projects located throughout the Americas.”
Alastair Still, CEO of GoldMining Inc.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas.
Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia, and Peru.
The Company also owns 20 million shares of Gold Royalty Corp. (NYSE American: GROY).
The Yarumalito property details can be viewed HERE
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