Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0%
M&A / Property

Trifecta Gold grants option to acquire Yuge to Nortec

By The Northwire Desk — AI Analysis Feb 25, 2026 · 17:34 TG · 0.23 Trifecta Gold Ltd.
TG · Price

Executive Summary

  • Trifecta Gold Ltd. has granted Nortec Minerals Corp. an option to earn a 100% interest in the Yuge gold project located in northern Nevada.
  • Nortec can earn the full interest by making escalating annual payments totaling $2 million over five years, with an initial $25,000 payment to secure the option.
  • A portion of the payments can be satisfied via equity issuance, and the transaction remains subject to TSX Venture Exchange approval.

Key Details

  • Transaction Structure: Trifecta Gold grants Nortec Minerals an option to earn 100% of the Yuge gold project.
  • Earn-In Payments: Nortec must make escalating annual payments totaling $2 million over a five-year period.
  • Initial Payment: $25,000 required to secure the option.
  • Payment Method: The initial payment and up to 50% of the annual payments can be satisfied by issuing shares of Nortec to Trifecta, valued at the 10-day volume-weighted average price (VWAP).
  • Existing Encumbrances: The Yuge project remains subject to an existing underlying royalty and defined resource payments owed to Silver Range Resources Ltd. (previous property owner).
  • Regulatory Status: Transaction is subject to approval from the TSX Venture Exchange.
  • Strategic Context: Trifecta is monetizing a non-core asset to focus on its Yukon projects, specifically the Rye project in the Tombstone gold belt.
  • Rye Project Update: Trifecta reported drilling 1.02 g/t gold over 37 meters in its first drill hole at the Rye project in 2025. A follow-up program is planned for summer 2026.
  • Geological Context: Gold results at Rye correlate with bismuth, tellurium, and tungsten, suggesting a reduced intrusion-related gold system.

Notable Quotes

  • "Trifecta is pleased to monetize a non-core property holding while it focuses on discovering new gold deposits within the Yukon's Tombstone gold belt."
Read the original news release →

More from Trifecta Gold Ltd.

Oct 29, 2026 · 05:00

Trifecta’s Rye project confirms broad zones, though grades lagged the maiden program.

Drill Results Oct 13, 2026 · 07:00

Trifecta secured 100% of the Tombstone Belt assets ahead of schedule, targeting upcoming Rye assay results to drive future exploration.

M&A / Property Sep 15, 2026 · 07:30

Trifecta completes its Yukon drill program, with assays pending as the company expands its regional exploration footprint.

Drill Results Jul 28, 2026 · 08:45

Trifecta advances its Yukon project permits and options to support ongoing exploration activities despite lingering dilution risks.

Production / Operations Jul 21, 2026 · 07:30

Trifecta resumes drilling at its Rye Project following the acquisition of a new permit and fresh capital.

Drill Results Jul 03, 2026 · 15:28

Trifecta Gold raises $1.66m in a placement to extend its financial runway while addressing ongoing going concern warnings.

Financings