Sailfish Closes Its Previously Announced Transaction to Acquire the Permitted Mt. Hamilton Gold-Silver Project in Nevada and Enters into Definitive Agreement for the Acquisition of a Five-Year Gold Stream and Subsequent 2% NSR

The most recent news, dated November 26, 2025, announces that Sailfish Royalty Corp. ("Sailfish") has closed its acquisition of the Mt. Hamilton Gold-Silver Project in Nevada. Concurrently, the company has entered into a definitive agreement with Mako Mining Corp. ("Mako") to exchange the Mt. Hamilton project for a five-year gold stream, followed by a 2% Net Smelter Return (NSR) royalty for the life of the mine. The acquisition was funded by a US$40 million senior secured bridge loan from Wexford Capital LP. The transaction with Mako is subject to shareholder approval at a meeting scheduled for February 1, 2026.

This news confirms the execution of the transaction first announced on September 30, 2025, which is intended to provide Sailfish with significant near-term cash flow, acting as a bridge until its flagship Spring Valley royalty begins production.

The transaction is a game-changer for Sailfish, fundamentally altering its scale and financial profile.

Sailfish Royalty Corp. is a precious metals-focused royalty and streaming company. Its portfolio includes assets in North and Central America.

• Flagship Asset (Long-Term): The Spring Valley royalty portfolio. This is a sliding-scale NSR of up to 3% on the fully permitted Spring Valley gold project in Pershing County, Nevada, operated by Solidus Resources LLC. This project is the cornerstone of the company's long-term value proposition and is expected to provide a "material step change" in cash flow upon entering production around 2028.
• Flagship Asset (Near-Term): The newly acquired Mt. Hamilton gold stream and royalty in White Pine County, Nevada. This asset is fully permitted and is expected to provide substantial cash flow from 2026-2030, bridging the financial gap until Spring Valley is operational.