StrikePoint Gold Acquires Nevada's Past Producing Como Mining District from Newmont Mining Corporation

On February 18, 2026, StrikePoint Gold announced the acquisition of 51 unpatented mining claims in the Como Mining District from Newmont Mining Corporation (through Fronteer Development). This acquisition consolidates the southern portion of StrikePoint’s flagship Hercules Gold Project. The deal is structured with $300,000 in staggered cash payments over 36 months ($25,000 paid at signing) and significant milestone payments tied to a Preliminary Economic Assessment (PEA) ($1.5M) and commercial production ($3.5M). Newmont retains a 1.5% NSR royalty (0.5% buyable for $1M). Historically, the claims have yielded high-grade intercepts, including 12.19 meters of 5 g/t Au.

• Strategic Consolidation: The acquisition is materially positive as it removes the "checkerboard" ownership issue in the southern Hercules area. It allows the company to explore the "Como Trend" as a continuous mineralized structure between the Hully-Logan and Pony Meadows mines.
• Financial Risk Mitigation: The deal is exceptionally "back-weighted." With only $25,000 due upfront and the largest payments tied to successful economic milestones (PEA and Production), StrikePoint has secured a Tier-1 land package without an immediate massive drain on its $3.1M treasury (raised in Nov 2025).
• Potential Grade Improvement: The historical intercept of 5 g/t Au over 12 meters is significantly higher than the average grade of the current Hercules Exploration Target (0.48–0.63 g/t Au). If verified, this could improve the overall grade profile of a future resource.
• Permit Readiness: Management plans to amend existing permits "shortly," suggesting a quick transition to drilling these new claims in the second half of 2026.

StrikePoint Gold is focused on gold exploration in Nevada's Walker Lane trend. - Flagship Project: Hercules Gold Project (Nevada). It is a large-scale low-sulphidation epithermal system covering 100 sq km. - Exploration Target: An NI 43-101 technical report (April 2025) established an exploration target of 819,000 to 1,018,000 ounces of gold at grades of 0.48 to 0.63 g/t Au. - Other Assets: The Cuprite Gold Project (Nevada), located near AngloGold Ashanti's Merlin/Silicon discoveries, and the Willoughby project (BC). The company recently divested its Porter Idaho silver asset to Dolly Varden Silver.