StrikePoint acquires Northumberland gold project from Newmont in Nevada
Key facts
- C$140M Bought deal
StrikePoint Announces Agreement to Purchase the Northumberland Project, a Gold Deposit in Nevada’s Walker Lane, from Newmont Corporation
Initial Mineral Resource Estimate: Ind. 2.86 Moz AuEq* and Inf. 1.57 Moz AuEq* Bought Deal Financing of C$140 Million Led by Canaccord Genuity **Not for distribution in the United States of America or to U.S. Newswire services **
VANCOUVER, British Columbia, Aug. 18, 2026 (GLOBE NEWSWIRE) -- (SKP: TSX.V) (STKXF: OTCQB) StrikePoint Gold Inc. (“ StrikePoint ” or the “ Company ”) is pleased to announce it has entered into a definitive purchase agreement (the “ Agreement ”) to acquire the Northumberland Gold Project (“ Northumberland ” or the “ Project ”) located in Nevada’s Walker Lane, from subsidiaries of Newmont Corporation (“ Newmont ”) for upfront cash consideration of US$70 million (the “ Transaction ”). Northumberland is a substantial, past producing gold deposit largely located on private land. StrikePoint also agreed to make two additional contingent cash payments of US$25 million each in the future, the first within 120 days after completion of a Feasibility Study and the second within 120 days after achievement of certain commercial production milestones at Northumberland.
Key Transaction Highlights
Acquisition of a gold deposit in Nevada’s Walker Lane, a tier-one mining jurisdiction: Nevada is a top ranked mining jurisdiction with numerous operations in the state and an established, proven regulatory framework.
Independent mineral resource estimate (“MRE”) of 2.86 million oz ( “ Moz ” ) of gold equivalent ( “ AuEq ” ) in the indicated category and 1.57 Moz of AuEq* in the inferred category contained within 67 million tonnes (“Mt”) and 31 Mt, respectively.
* For grades by individual metals, see Table 1 below, which includes the basis of the AuEq calculation.
Brownfields site on private land potentially simplifies permitting: The current MRE at Northumberland is contained on private property which previously hos