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Torrent Gold Agrees to Acquire Tungsten Project in New Mexico

PUBT·11/06/2026 20:01:13
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Torrent Gold Agrees to Acquire Tungsten Project in New Mexico
  • Torrent Gold agreed on November 6, 2026, to acquire 19 mining claims comprising New Mexico's Sunrise Tungsten Project.
  • Lamina Minerals and Belle Morgan will receive CAD 100,000 in cash and 3,500,000 common shares.
  • The vendors will also receive a 1.5% net smelter returns royalty on commercial production from the project.
  • The buyer can repurchase 0.75% of the royalty for USD 1 million within 10 years of closing.
  • Closing requires Canadian Securities Exchange approval; the project is expected to comprise most operating assets in the 12 months following closing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Torrent Gold Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611061500NEWSFILECNPR____20261106_322906_1) on November 06, 2026, and is solely responsible for the information contained therein.