Almadex Minerals talks North American royalty holdings

Executive Summary

• Almadex Minerals Ltd. provided a comprehensive overview of its diversified portfolio of net smelter return (NSR) royalties across North America, highlighting exposure to precious and base metal projects in Canada, the United States, and Mexico.
• The portfolio consists of numerous NSR royalties ranging from 0.5% to 2.0%, generated through the company's long-standing prospect generator model, offering shareholders exposure to potential future discoveries while eliminating capital and operating risk.
• The release details specific royalty interests, including key partnerships with operators such as Kodiak Copper, Coeur Mining, Silver North Resources, Westhaven Ventures, Endeavour Silver, and McEwen Mining, among others.

Key Details

• Royalty Structure: The portfolio comprises net smelter return (NSR) royalties ranging from 0.5% to 2.0%.
• Canada Interests:
  • Dillard (BC): 2.0% NSR; operator Kodiak Copper Corp. Covers the Dillard zone, part of the MPD initial resource estimate released Aug. 12, 2025.
  • Tim (Yukon): 2.0% NSR; operator Silver North Resources Ltd. (partnered with Coeur Mining Inc.). Located 72km west of Watson Lake; Coeur can earn up to 80% interest via staged expenditures and a feasibility study.
  • Ponderosa (BC): 2.0% NSR; operator AuGold Corp. Gold-silver mineralization in the Spences Bridge gold belt.
  • Prospect Valley (BC): 2.0% NSR; operator Westhaven Ventures Inc. Proximal to Westhaven's Shovelnose discovery.
  • Skoonka Creek (BC): 2.0% NSR; operator Westhaven Ventures Inc. Epithermal gold discoveries.
  • Goz (Yukon): 2.0% NSR; operator Silver North Resources. Polymetallic (Zn-Ag-Cu-Au-Pb) mineralization.
  • Mor (Yukon): 2.0% NSR; operator Silver North Resources Ltd. Strata-bound base metal mineralization in the Finlayson Lake district.
  • Ram (Yukon): 2.0% NSR; operator Long & Associates. Early-stage gold-silver exploration.
• United States Interests:
  • Willow (Nevada): 2.0% NSR; operator Abacus Mining & Exploration Corp. Copper-gold porphyry target west of the Yerington district.
• Mexico Interests:
  • La Bufa (Chihuahua): 2.0% NSR; operator Endeavour Silver Corp. Gold-silver mineralization in a prolific silver belt.
  • Caballo Blanco (Veracruz): 1.5% NSR; operator Candelaria Mining. Near-surface oxide gold-silver deposit, originally discovered by Almadex.
  • El Cobre (Veracruz): 1.75% NSR; operator Azucar Minerals Ltd. Large copper-gold porphyry alteration system with a 4-5km trend.
  • Cerro Colorado (Oaxaca): 2.0% NSR; operator Gold Resource Corp. Near-surface oxide potential near producing operations.
  • El Encuentro (Sinaloa): 2.0% NSR; operator McEwen Mining Inc. Located 10km from McEwen's El Gallo mine; includes an annual advance royalty payment of $33,332 (U.S.).
  • El Fuego (Oaxaca): 2.0% NSR; operator Gold Resource. Prospective ground within the same structural trend as producing mines.
  • Los Venados (Sonora): 2.0% NSR; operator Alamos Mining Corp. Adjacent to operating mines in the Mulatos district. Purchased from Aloro Mining Corp. via agreement dated May 7, 2025 (closure pending).
• Strategic Outlook: The portfolio provides leverage to projects at varying stages of exploration and development, offering exposure to gold, silver, copper, zinc, and lead.

Notable Quotes

• "Our royalty portfolio captures two decades of exploration success and partnership creation," stated Dr. Morgan Poliquin, PhD, PEng, president and chief executive officer of Almadex. "From copper-gold porphyry systems like Kodiak's Dillard zone in British Columbia to silver-rich districts in Mexico and polymetallic projects in Yukon, Almadex is exposed to third party success while preserving the financial strength to advance our own generative work."