Brief: GFG And Barrick Sign Strategic Earn-In To Accelerate Exploration At The Pen Gold Project
25/08/2026 12:46
BRIEF-GFG And Barrick Sign Strategic Earn-In To Accelerate Exploration At The Pen Gold Project Aug 25 (Reuters) - GFG Resources Inc GFG.V:
GFG AND BARRICK SIGN STRATEGIC EARN-IN TO ACCELERATE EXPLORATION AT THE PEN GOLD PROJECT
GFG RESOURCES - BARRICK CAN EARN 60% OF PEN BY PAYING $1.20 MILLION, FUNDING $17.68 MILLION, AND DELIVERING NI 43-101 REPORT
GFG RESOURCES - BARRICK MAY INCREASE INTEREST TO 70% WITH PEA, 80% WITH FEASIBILITY STUDY
GFG RESOURCES - BARRICK COMMITS TO FUND AT LEAST $4 MILLION IN FIRST THREE YEARS
GFG RESOURCES - TO RETAIN 40% INTEREST IN PEN AFTER INITIAL EARN-IN
GFG RESOURCES - TO RECEIVE UP TO $1.20 MILLION OVER SIX YEARS, INCLUDING $420,000 UPON SIGNING
Source text: ID:nGNXccPr0y
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