Northwire Canada EditionMonday, September 14, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4324.30 −1.9% SILVER 63.70 −2.3% COPPER 6.39 −2.4% OIL 102.47 +2.4% PALLADIUM 1304.00 −1.5% EVI 0.420 +0.0% CTV 0.115 +0.0% ECOR 3.09 −4.3% TLG 2.17 −1.6% UCU 2.59 +2.8% LME 0.140 −6.7% MKO 13.80 −1.1% VOXR 7.87 −1.5% ETL 1.01 −1.9% FISH 5.79 +0.0% VRB 0.080 −5.9% DCOP 0.105 +10.5% RYR 0.200 +5.3% BRC 1.17 −0.8% PMET 4.12 −1.1% CRG 0.275 +10.0% GOLD 4324.30 −1.9% SILVER 63.70 −2.3% COPPER 6.39 −2.4% OIL 102.47 +2.4% PALLADIUM 1304.00 −1.5% EVI 0.420 +0.0% CTV 0.115 +0.0% ECOR 3.09 −4.3% TLG 2.17 −1.6% UCU 2.59 +2.8% LME 0.140 −6.7% MKO 13.80 −1.1% VOXR 7.87 −1.5% ETL 1.01 −1.9% FISH 5.79 +0.0% VRB 0.080 −5.9% DCOP 0.105 +10.5% RYR 0.200 +5.3% BRC 1.17 −0.8% PMET 4.12 −1.1% CRG 0.275 +10.0%
Other

Avanti Gold Announces Settlement of Historic Liability

By The Northwire Desk — AI Analysis Nov 03, 2025 · 08:31 AGC · 0.455 Avanti Gold Corp.
AGC · Price

Executive Summary

  • Avanti Gold Corp. settled a historic US$1,250,000 liability on the Misisi Gold project for a reduced cash payment of US$625,000, paid in full during October 2025.
  • The settlement closes the legacy obligation with Arc Minerals Ltd., improving Avanti’s balance sheet and freeing management to focus on advancing the Misisi Project.
  • Incoming CEO Martin Pawlitshek highlighted that the resolution strengthens financial position and supports upcoming strategic and technical initiatives at Misisi.

Key Details

  • Original Liability: US$1,250,000 payable to Arc Minerals Ltd. for the Misisi Gold project.
  • Settlement Agreement (announced 11 July 2025): Reduced cash payment of US$625,000 if paid by 31 Oct 2025.
  • Payment Made: Full settlement amount of US$625,000 transferred in October 2025, closing the historic liability.
  • Impact on Balance Sheet: Removal of a US$1.25 M liability; net cash outflow of US$0.625 M improves equity position.
  • Management Commentary: Incoming CEO Martin Pawlitshek stated the settlement allows refocusing on unlocking value at Misisi and positions the company for upcoming strategic and technical incentives.
  • Project Context: Misisi Project hosts the Akyanga gold deposit with an Inferred Mineral Resource of 44.3 Mt at 2.37 g/t Au (≈3.1 Moz).

Notable Quotes

“We are pleased to have resolved these legacy issues with Avanti's outstanding accounts with Arc Minerals, through a negotiated settlement agreement, allowing us to refocus management's time onto unlocking value at the Misisi Project… This milestone strengthens the company's balance sheet and positions Avanti to pursue upcoming strategic and technical incentives at Misisi.” – Martin Pawlitshek, Incoming CEO

Qualified Person: Ephraim Masibhera (NI 43‑101) reviewed scientific/technical information; historical data not verified.

Contact: Swapan Kakumanu, Interim CEO – [email protected] – +1 403 681 2549

Read the original news release →

More from Avanti Gold Corp.

Jun 30, 2026 · 00:04

Strategic cross-border investment validates DRC asset, but dilution and execution risks in emerging jurisdiction remain.

M&A / Property Apr 23, 2026 · 03:01

Avanti Gold Commences 42,000m Drill Program at Misisi as Stock Consolidates Below Key Resistance

Drill Results Mar 17, 2026 · 20:48

Avanti Gold appoints Cisse as CEO

Drill Results Mar 02, 2026 · 03:01

Avanti Gold Reports Assay Results from Historical Drilling Highlighting High-Grade near Surface Mineralisation at the Akyanga Deposit Including 4.60 g/t over 12.7m

Drill Results Feb 17, 2026 · 15:05

Avanti Gold moving four drill rigs to Misisi

Drill Results Feb 17, 2026 · 06:01

Avanti Gold Announces Mobilisation of Drill Rigs to the Misisi Project in the DRC

Drill Results