ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Romios Gold Resources Inc. Announces Sale of Select Golden Triangle British Columbia Claim Blocks to Galore Creek Mining Corporation

By: Newsfile

Toronto, Ontario--(Newsfile Corp. - July 10, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC PINK: RMIOF) (FSE: D4R) ("Romios Gold") is pleased to announce that it has sold five claim blocks from its land package in the Golden Triangle region of northern British Columbia to Galore Creek Mining Corporation ("GCMC").

The transaction comprises the following five claim blocks: the Boulder, JW West, Porc, North East, and North West Claim Blocks (see Map #1 below). As consideration for the sale, Romios Gold will receive $100,000 CAD and a Net Smelter Return (NSR) royalty of up to 2% on each individual claim block.

Under the terms of the agreement, GCMC, the operator of a 50:50 joint venture between Newmont Corporation and Teck Resources Limited, retains the right to purchase portions of the NSR as follows:

  1. First Royalty Buy-Back: 0.5% of the NSR for $1,000,000, reducing the NSR to 1.5%;
  2. Second Royalty Buy-Back: An additional 0.5% for $1,000,000, reducing the NSR to 1.0%;
  3. Third Royalty Buy-Back: A final 0.5% for $3,000,000, reducing the NSR to 0.5% (the "Remaining NSR").

"Romios is currently undergoing an internal review to prioritize our core assets for future exploration, with renewed emphasis on advancing our Trek Project and in particular the large-scale Trek South Prospect in the Golden Triangle," said Kevin M. Keough, CEO of Romios Gold. "As part of this process, we identified these claim blocks as non-core and negotiated their sale with the GCMC team. We look forward to sharing further details on our strategic plans as they are finalized."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5376/258327_52f2a30ec400db3a_002.jpg

Map #1 - Location of the 5 claim blocks included in the transaction with GCMC

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/258327_52f2a30ec400db3a_002full.jpg

About Romios Gold Resources Inc.:
Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane Trend covering numerous Au-Ag-Cu workings, and the Scossa mine property in the Sleeper Trend which is a former high-grade gold producer. The Company retains an ongoing interest in several properties including a 2% NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios' Red Line Property in BC.

For more information, please click here for Romios' website.

This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Kevin Keough, CEO - (613) 219-9317 or kkeough@romios.com

Stephen Burega, President - (647) 515-3734 or sburega@romios.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258327

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.