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M&A / Property

Aben receives first option payment from Kingfisher

By The Northwire Desk — AI Analysis Dec 30, 2025 · 12:25 ABM · 0.085 Aben Gold Corp.
ABM · Price

Executive Summary

  • Aben Gold Corp. has received the initial payment under an option agreement with Kingfisher Metals Corp. for the Forrest Kerr project.
  • The transaction closed on December 23, 2025, with Aben receiving $150,000 in cash and 1,886,792 Kingfisher shares.
  • Kingfisher holds a three-year option to earn a 100% interest in the project by fulfilling $2.7 million in combined cash and share issuance commitments.

Key Details

  • Transaction Closure Date: December 23, 2025
  • Initial Payment Received: $150,000 cash and 1,886,792 Kingfisher Metals Corp. shares
  • Option Structure: Three-year right to acquire a 100% interest in the Forrest Kerr project
  • Earn-in Commitments: $2.7 million in combined cash and share issuances over the three-year period
  • Project Location: Golden Triangle, British Columbia, Canada
  • Property Composition: 50 mineral claims comprising approximately 20,197 hectares
  • Project Operator: Kingfisher Metals Corp. will serve as the operator during the option period
  • Qualified Person: Cornell McDowell, PGeo, VP of Exploration for Aben Gold, reviewed and approved technical aspects per National Instrument 43-101
  • Company Share Count: 23.2 million shares outstanding
Read the original news release →

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