BARU:CC - Baru Gold US$100 Million Funding Relationship Strengthed by QXA Rebranding
(TheNewswire)
September 23, 2025 - TheNewswire - VANCOUVER, B.C. - Baru Gold Corp. (BARU: TSX.V | BARUF:OTCQB) ( “Baru”) is pleased to provideshareholders with an update on its previously announced US$100 millionfunding partnership.
As previously announced on May 15, 2025, Baru secureda binding preliminaryagreement for up to a US$100million funding arrangement . Baru ispleased to report that Quantum Metal Thailand has rebrandedto Quantum X A urum Group (“QXA”) as part of their broader corporate strategy to align withBaru’s operations and to support QXA’s long-term growth strategyand vision.
This rebranding reflects the strength, scale, and synergy betweenthe two organizations as we prepare to advance Baru’s Sangihe GoldProject into production.
“ Quantum X AurumGroup views its relationship with Baru Gold as a long-termpartnership . We remaincommitted to collaborating closely with our stakeholders, partners andinvestors to ensure that each step we take delivers mutual benefit.This approach aligns with our vision of creating enduring value withinthe international digital gold sector,” saidJonathan Seow, Chief Executive Officer and Managing Director ofQuantum X Aurum Group.
QXA has indicated that it will make furtherannouncements in due course that are separate from this news release.Importantly, there have been no materialchanges to the bindingpreliminary agreement by and between Baru and QXA .
Mr. Terrence Filbert, CEO of Baru Gold,commented, “ I am excitedto continue this collaboration with QXA. With the US$100 millionfunding arrangement intact and progressing, Baru Gold iswell-positioned to accelerate its path to production. We value thestrong working relationship with QXA and are excited about theopportunities this collaboration will create for our shareholders andthe communities on Sangihe Island.”
Baru and QXA remain in regular constructive discussions and are lookingforward to executing the definitive partnership agreement.
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“Sangihe”) is located onthe Indonesian island of Sangihe, off the northern coast of Sulawesiwith a gold bearing area of approximately 25,000 ha. Sangihe has anexisting National Instrument 43-101 report suitable for miningplanning and production schedules for an area within the 65-ha area targeted for initial production. See theCompany’s “ Independent Technical Report onthe Updated Mineral Resource Estimates of the Binebase and BawoneDeposits, Sangihe Project, North Sulawesi, Indonesia ” ( Mining Associates PtyLtd , February 1st, 2025). Only 10% of the gold bearing area has been explored.
Readers are cautioned that mineralresources that are not mineral reserves do not have demonstratedeconomic viability. The Company intends to proceed to productionwithout the benefit of first establishing mineral reserves supportedby a feasibility study. The Company cautions readers that the anyproduction decision made by the Company will not be based on a NI43-101 feasibility study of mineral reserves that demonstrateseconomic and technical viability and as such, there may be involvedincreased uncertainty and various technological and economicrisks
The Company's 70-percent interest in theSangihe-mineral-tenement Contract of Work (“CoW”) is held throughPT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interestin TMS is held by other Indonesian corporations. The term of theSangihe CoW agreement is 30 years upon commencement of the productionphase of the project. Baru has met all the requirements of theIndonesian government and has been granted its environmentalpermit.
ABOUT BARU GOLD CORP.
Baru Gold Corporation is a dynamic junior golddeveloper with NI 43-101 gold resources in Indonesia, one of the topten gold producing countries in the world. Based in Indonesia andNorth America, Baru’s team boasts extensive experience in startingand operating small-scale gold assets.
On behalf of the Board of Directors
BARU GOLD CORP.
“Terry Filbert”
Terry Filbert
Chairman and Chief Executive Officer
info@barugold.com
604-684-2183
For investor contacts more information, pleasecontact:
Kevin Shum
Investor Relations
kevin@jeminicapital.com
647-725-3888 ext. 702
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are nothistorical in nature, constitute “forward looking statements”within the meaning of that phrase under applicable Canadian securitieslaw. These statements include, but are not limited to, statements orinformation concerning future work programs, results and timing of anywork programs, the Company’s performance or events as of the datehereof. These statements reflect management’s current assumptionsand expectations and by their nature are subject to certain underlyingassumptions, known and unknown risks and uncertainties and otherfactors which may cause actual results, performance or events to bematerially different from those expressed or implied by such forwardlooking statements. Those risks include the interpretation of drillresults; the geology, grade and continuity of mineral deposits; thepossibility that future exploration, development or mining resultswill not be consistent with our expectations; commodity and currencyprice fluctuation; failure to obtain adequate financing; regulatory,recovery rates, refinery costs, and other relevant conversion factors,permitting and licensing risks; general market and mining explorationrisks and production and economic risks related to design andengineering, manufacturing, technological processes and testprocedures and the risk that the project’s output will not besalable at a price that will cover the project’s operating andmaintenance costs. Forward-looking statements should not be construedas investment advice. Readers should perform a detailed, independentinvestigation and analysis of the Company and are encouraged to seekindependent professional advice before making any investment decision.Accordingly, readers should not place undue reliance on anyforward-looking statement. Except as required by applicable securitieslaws, the Company disclaims any obligation to update or revise anyforward looking statements to reflect events or changes incircumstances that occur after the date hereof.
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