Northwire Canada EditionTuesday, September 1, 2026
Northwire
GOLD 4413.40 −1.5% SILVER 65.63 −2.0% COPPER 6.61 −1.1% OIL 87.95 +2.5% PALLADIUM 1340.25 −2.8% PA 0.150 +0.0% NOBL 0.105 +0.0% RDS 1.23 +0.0% PTX 0.090 +0.0% DNO 0.300 +0.0% MTT 0.207 +0.0% HMR 0.570 +0.0% SGO 0.205 +0.0% GCN 0.030 +0.0% UGD 0.195 +0.0% NGC 0.110 +0.0% BCU 0.070 +0.0% OTMC 0.420 +0.0% TCO 0.055 +0.0% GPAC 0.310 +0.0% GGL 0.050 +0.0% GOLD 4413.40 −1.5% SILVER 65.63 −2.0% COPPER 6.61 −1.1% OIL 87.95 +2.5% PALLADIUM 1340.25 −2.8% PA 0.150 +0.0% NOBL 0.105 +0.0% RDS 1.23 +0.0% PTX 0.090 +0.0% DNO 0.300 +0.0% MTT 0.207 +0.0% HMR 0.570 +0.0% SGO 0.205 +0.0% GCN 0.030 +0.0% UGD 0.195 +0.0% NGC 0.110 +0.0% BCU 0.070 +0.0% OTMC 0.420 +0.0% TCO 0.055 +0.0% GPAC 0.310 +0.0% GGL 0.050 +0.0%
M&A / Property Routine +

Roxmore Makes Secondary Payment for Newton Gold Project

Executive Summary
  • Roxmore Resources Inc. completed the secondary milestone payment for the acquisition of the Newton Gold Project from Carlyle Commodities Corp.
  • The payment was settled via the issuance of 312,500 common shares valued at C$1.25 million, priced at C$4.00 per share based on the 20-day VWAP.
  • The issued shares carry a 4-month statutory hold period and a structured 7-month voluntary resale restriction schedule.
  • An additional 62,500 finder's shares were issued to an arm's length finder under a finder's fee agreement.
  • This transaction marks the 12-month anniversary of the initial acquisition closing and fulfills a previously announced contractual obligation.
Material Impact
  • The news is a routine follow-up to the Mineral Property Purchase Agreement dated May 23, 2025. The market was fully aware of this milestone payment, and its completion is expected.
  • The issuance of shares at C$4.00 represents a modest dilutive event (~1% of current outstanding shares) and does not alter the fundamental thesis or valuation drivers of the company.
  • The Newton project remains a secondary asset to the flagship Converse Gold Project, which recently delivered a highly attractive Preliminary Economic Assessment (PEA) in April 2026.
  • The completion of this payment removes a contractual overhang and demonstrates management's execution capability, but it does not constitute a market-moving catalyst.
RM · Price
Company Overview
  • Roxmore Resources Inc. is a Canadian gold exploration and development company, recently uplisted to the Toronto Stock Exchange (TSX) in February 2026.
  • Flagship Project: Converse Gold Project, located on the prolific Battle Mountain trend in Nevada. It is a 100%-owned, large-scale open pit heap leach project.
  • The April 2026 PEA highlighted an After-Tax NPV5% of US$2.7 Billion at a gold price of US$3,600/oz, with an IRR of 43% and a payback period of 2.2 years.
  • The project features a 14-year life of mine, producing an average of 267,000 oz/year over the first 8 years, with total payable gold of 3.5 million ounces.
  • Additional assets include the Newton Gold Project (acquired from Carlyle Commodities) and the Rattlesnake Hills project (acquired from GFG Resources).
Read the original news release →

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