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M&A / Property

Lighthouse Gold firms up option to acquire Aurora NW

By The Northwire Desk — AI Analysis Feb 04, 2026 · 01:14 LGHT · 0.095 Lighthouse Gold Inc
LGHT · Price

Executive Summary

  • Lighthouse Gold Inc. has entered into a definitive option agreement to acquire a 100% interest in the Aurora NW project, located in Guyana, which includes associated mineral rights, permits, and claims.
  • The acquisition consideration consists of cash payments totaling $100,000 USD, the issuance of 2 million common shares, and a Net Smelter Royalty (NSR) that can be repurchased for $500,000 USD.
  • The transaction is subject to customary conditions, including regulatory approvals and acceptance by the Canadian Securities Exchange, with no changes to the company's board or management.

Key Details

  • Target Asset: Aurora NW project, located in Guyana, comprising associated mineral rights, permits, and claims.
  • Cash Consideration: Total of $100,000 USD, structured as:
    • $10,000 USD paid upon signing the letter of intent.
    • Remaining $40,000 USD payable upon signing the definitive agreement.
    • Additional $50,000 USD payable within seven days of closing the previously announced financing.
  • Equity Consideration: 2,000,000 common shares in the capital of Lighthouse Gold Inc., payable on the effective date.
  • Net Smelter Royalty (NSR): Granted to the vendor based on annual production levels as defined under the Guyanese Mining Act:
    • 1.5% NSR on annual production conducted on a large-scale basis.
    • 5.0% NSR on annual production conducted on a medium-scale basis.
    • 5.0% NSR on annual production conducted on a small-scale basis.
  • NSR Repurchase Option: The company may repurchase the NSR for $500,000 USD (calculated as $125,000 USD per permit for a total of four permits).
  • Conditions Precedent: Receipt of all necessary corporate and regulatory approvals, including acceptance by the Canadian Securities Exchange.
  • Hold Period: All securities issued are subject to a hold period expiring on the later of four months from the date of issuance and 10 days following the filing of the company's Q2 financial statements reflecting the acquisition.
  • Corporate Changes: No changes to the company's board or management; no finders' fees will be paid.
  • Related Information: Refer to the company's news release dated Dec. 9, 2025, for additional information on the property.

Notable Quotes

  • None provided in the text.
Read the original news release →

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