Aben Gold Receives Second Payment of Option Agreement
Aben collected a second option payment to fund Yukon drilling, though dilution and execution risks limit potential upside.
Aben Gold Corp. received the second payment under its three-year option agreement with Kingfisher Metals Corp. for the Forrest Kerr Project in British Columbia. The payment, received on June 23, 2026, consists of $150,000 CAD in cash and 400,000 Kingfisher Metals shares.
Kingfisher holds a three-year option to earn a 100% interest in the ~20,197-hectare property through a total $2.7 million combined cash and share commitment schedule. Kingfisher serves as the project operator during the option period. All issued securities are subject to a four-month-and-one-day hold period under Canadian securities law.
This follows the initial closing on December 23, 2025, and the first payment received on December 30, 2025. The payment schedule dictates a third payment of $200,000 CAD plus $500,000 in shares at the 12-month milestone, and a final $700,000 cash payment at 36 months.
Aben Gold Corp. (ABM) received the second payment under its December 2025 option agreement, a milestone that does not introduce new or market-moving information. The cash infusion provides a slight improvement to liquidity, while the receipt of shares adds to the company’s balance sheet assets. However, the value of the Kingfisher shares remains subject to market volatility, and Aben already recognized an unrealized gain of $877,358 in the prior period from the first payment.
The transaction enables Aben to direct capital toward its flagship Justin Gold Project in the Yukon, aligning with management’s stated strategy to divest non-core or distant assets. Due to the predictable nature of the earn-in schedule and the absence of new operational or financial surprises, the market impact is limited to routine positive sentiment.
Aben Gold Corp. is a TSX Venture-listed junior exploration company focused on gold and tungsten assets in Canada. Its flagship asset is the Justin Gold Tungsten Project, located in the Tombstone Gold Belt of southeastern Yukon. The property covers approximately 7,400 hectares and is 100% owned, positioned strategically adjacent to Seabridge Gold's 3 Aces Project.
The project features multiple zones, including POW, Confluence, Main, Kangas, and Lost Ace. Historical drilling has identified significant gold and tungsten (scheelite) mineralization, with intercepts such as 60.00m @ 1.25 g/t Au in the POW zone and 20.8 g/t Au over 4.4m in the Lost Ace zone.
Aben Gold also holds the Forrest Kerr Project in the Golden Triangle of British Columbia, covering approximately 20,197 hectares. This secondary asset is now under a three-year earn-in option with Kingfisher Metals Corp. The company remains in the exploration stage, with no production or reserves defined.