Sailfish Royalty holders approve sale of Mt. Hamilton

Executive Summary

• Sailfish Royalty Corp. shareholders approved the disposition of its 100% interest in Mt. Hamilton LLC to Mako U.S. Corp. (an affiliate of Mako Mining Corp.) at the annual general and special meeting held on March 3, 2026.
• In exchange for the asset, Sailfish receives an amended gold stream with a total term of 132 months, secured against Mako's present and after-acquired property.
• The transaction is subject to final acceptance by the TSX Venture Exchange.

Key Details

• Transaction Structure: Disposition of 100% interest in Mt. Hamilton LLC to Mako U.S. Corp.
• Counterparty: Mako U.S. Corp., an affiliate of Mako Mining Corp.
• Stream Terms: Aggregate term of 132 months from the date of the second closing.
• Initial Phase (First 60 Months):
  • Monthly delivery of approximately 341.7 troy ounces of gold.
  • Purchase price: 20% of the LBMA PM Fix price.
  • Price Floor: $2,700 USD per ounce.
  • Price Ceiling: $3,700 USD per ounce.
• Final Phase (Last 72 Months):
  • Monthly delivery of approximately 100 troy ounces of gold.
  • Purchase price: 20% of the LBMA PM Fix price.
• Security/Collateral: The amended stream is secured against all present and after-acquired property of Mako, plus specific guarantees and pledges relating to an encumbrance by Sailfish over the Mt. Hamilton property.
• Regulatory Status: Approved by a majority of disinterested shareholders per Multilateral Instrument 61-101; completion remains subject to TSX Venture Exchange acceptance.
• Related Corporate Actions: Shareholders also approved all other items of business at the meeting.

Notable Quotes

• None provided in the text.