Skeena Gold & Silver has acquired a 13% stake in Tahera Corp. through a transaction involving the sale of QuestEx's Sofia property and a direct payment by Skeena. The acquisition was made for investment purposes and Skeena may acquire additional securities, dispose of its holdings, or continue to hold its stake.
Skeena Gold & Silver ('Skeena' or the 'Company') has filed an early warning report under National Instrument 62-103. The report discloses Skeena's acquisition of a significant stake in Tahera Corp. (TDG), a Canadian mining company. The aggregate consideration paid by Skeena and QuestEx in respect of the Transaction was C$11,000,000, or C$0.50 per Share. This consisted of the sale by QuestEx of its Sofia property at a deemed price of C$4,000,000 and a payment by Skeena of C$7,000,000.
Immediately prior to the Transaction, Skeena owned and controlled a total of 1,000,000 Shares, representing approximately 0.65% of the issued and outstanding Shares of TDG. As a result of and immediately following the Transaction, Skeena owned and controlled a total of 23,000,000 Shares of TDG, representing approximately 13% of the issued and outstanding Shares of TDG. Skeena acquired the Shares for investment purposes and may, from time to time, acquire additional securities of TDG, dispose of some or all of the existing or additional securities, or may continue to hold its Shares. Skeena is a leading precious metals developer focused on advancing the Eskay Creek Gold-Silver Project, a past-producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest-cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders.
Skeena Gold & Silver Tahera Corp. Acquisition Investment Eskay Creek Gold-Silver Project Mining Canada Golden Triangle
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barton Gold Reports High-Grade Gold and Silver Intercepts at Tolmer ProspectBarton Gold Corporation has announced impressive drilling results from its Tolmer prospect, revealing a significant intersection of high-grade gold and silver mineralization. The assay results highlighted the presence of a substantial mineralized zone with multiple high-grade intervals.
Read more »
Arizona Gold & Silver Drills Hit High-Grade Gold at Rising Fawn TargetArizona Gold & Silver Inc. reported high-grade gold drill results from the Rising Fawn target on its Philadelphia Project in Arizona. Two new drill holes, GB-1 and GB-2, intersected significant widths of gold mineralization, including 62.18 meters at 1.27 gpt gold and 40.39 meters at 1.0 gpt gold. The company says these results are consistent with its goal of developing a large-scale heap leach operation.
Read more »
Golden Goliath Provides Update on McConnell Copper-Gold and Gold Point Gold ProjectsGolden Goliath Resources Ltd. (GGL) announces exciting developments for its two flagship projects: McConnell in British Columbia and Gold Point in Nevada. Situated in prime exploration districts, both projects hold significant potential for copper-gold and gold discoveries. The McConnell Project boasts a potentially large copper-gold porphyry target and a high-grade gold zone with untested depth potential. Meanwhile, the Gold Point Project encompasses a historical gold district with numerous unexplored mines and vein corridors.
Read more »
IMPACT Silver Intersects High-Grade Silver on Kena Vein South Discovery at Guadalupe MineIMPACT Silver Corp. announces significant drill results from the Kena Vein South discovery at its Guadalupe silver mine in Mexico. Drilling intersected high-grade silver mineralization, including 597 g/t silver over 2.77 meters and 1,460 g/t silver over 0.55 meters. The vein is located within 100-200 meters of active mine workings, allowing for rapid and low-cost mine development. The Company plans to begin mining from Kena South this month.
Read more »
Zacatecas Silver Announces Drill Program to Expand Silver Resources in Zacatecas, MexicoZacatecas Silver Corp. is advancing its silver projects in Zacatecas, Mexico, with a new drill program designed to expand existing resources and explore high-grade intercepts found outside known boundaries. The program will focus on veined systems at Panuco, El Cristo, and the South, North, and El Rosario veins.
Read more »
Apollo Silver Announces 2025 Work Program at Calico Silver Project and Update on Cinco de MayoApollo Silver Corp. has outlined its 2025 work program for the Calico Silver Project in California, emphasizing the potential of barite as a critical mineral and aiming to expand the existing mineral resource estimate. The program also includes mapping and sampling in the Burcham mine area to target gold mineralization. The company also provided an update on the recently optioned Cinco de Mayo Project in Mexico, noting positive developments in securing access for exploration.
Read more »