Condor Resources restructures Lucero project payment terms with Element79 Gold, targets US$ 1 million closing balance Aug. 25

• Condor restructured payment terms with Element79 for the Lucero project sale in Peru under a fourth amendment.
• Element79 to cure an overdue US$1.1 million payment via US$100,000 deposit, then US$1 million at closing targeted for Aug. 25, 2026.
• Remaining consideration: Plan A pays US$4.05 million by July 31, 2027, or Plan B defaults to milestone-linked US$6 million through 2033.
• Condor’s share pledge security over the Peruvian project company remains in place until all obligations are fully paid.

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