Alamos Gold to Sell Quartz Mountain Gold Project to Q-Gold Resources

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Alamos Gold to Sell Quartz Mountain Gold Project to Q-Gold Resources

, MT Newswires - 5:25 PM ET 4/3/2025 default

05:25 PM EDT, 04/03/2025 (MT Newswires) -- Alamos Gold ( AGI ) said late Thursday it will sell its Quartz Mountain Gold Project in Oregon to Q-Gold Resources for up to $21 million and a 9.9% equity stake in the company.

The transaction will happen in tranches where Alamos Gold ( AGI ) will transfer $2.9 million in cash in exchange for a 9.9% equity share in Q-Gold Resource upon close.

The next $8.2 million is payable in cash or common shares over the three years after the deal is completed.

The remainder will depend on the completion of a feasibility study or a construction decision at the site and upon receiving key construction and operational permits.

The transaction is expected to be completed in Q2, subject to closing conditions.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.