Northwire Canada EditionFriday, July 10, 2026
Northwire
TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +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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