NEVADA CANYON COMPLETES SALE OF SWALES PROPERTY
MWN-AI** Summary
Nevada Canyon Gold Corp. (OTCQX: NGLD) announced on June 17, 2025, that it has successfully executed an Asset Purchase Agreement (APA) with Metals One Nevada Inc., a wholly-owned subsidiary of Metals One Plc., regarding the Swales Gold Property located in Elko County, Nevada. The transaction involves the acquisition of the Swales exploration lease, which initially included 40 unpatented mining claims. Metals One has expanded this to encompass a total of 139 unpatented mining claims, covering an area of approximately 2,780 acres.
The financial terms of the agreement include a cash payment of US$100,000 and the issuance of a 2% net smelter royalty to Nevada Canyon on the combined claims. The Swales Property is situated within the renowned Carlin Trend, known for being one of the richest gold mining areas globally. It is strategically located near major gold mining operations, including Nevada Gold Mine's Gold Quarry and Goldstrike mines, both of which are among the largest producers in the U.S. Collectively, producing mines within the Carlin Trend have generated over 100 million ounces of gold and retain significant reserves.
Nevada Canyon Gold Corp. maintains a strategic land position and engages in multiple projects across high-grade historical mining districts, leveraging strong infrastructure and access. The company operates a three-fold business model that focuses on mineral royalty creation, precious metals exploration and financing, and project acceleration.
The release includes forward-looking statements concerning mineral potential and project outcomes, cautioning that actual results may vary significantly due to various factors. Investors are encouraged to review the company's filings with the SEC for deeper insights into its operations and financial status.
MWN-AI** Analysis
Nevada Canyon Gold Corp. (OTCQX: NGLD) has recently completed the sale of the Swales Property lease to Metals One Nevada Inc., entailing a cash payment of $100,000 and a 2% net smelter royalty. This strategic transaction should be viewed positively by investors, particularly given the Swales Property's location within the prolific Carlin Trend, known for its rich gold deposits and significant infrastructure.
The Carlin Trend is home to several major gold mines and has historically produced over 100 million ounces of gold, with current reserves exceeding 21 million ounces. The addition of 99 new mining claims by Metals One, bringing the total to 139, enhances its exploration potential and positions Nevada Canyon to benefit from any successful find via the smelter royalty.
Investors should consider the implications of this transaction on Nevada Canyon’s future revenue streams. The net smelter royalty could provide a steady income source as Metals One advances exploration efforts. Additionally, Nevada Canyon’s diversified business model—incorporating mineral royalty creation, precious-metals financing, and exploration project acceleration—enhances its resilience against market fluctuations.
However, new entrants in the mining sector must also weigh potential risks, including regulatory changes, exploration uncertainties, and geopolitical factors impacting commodity prices. Given the company's strategic land holdings and focus on active mining districts in Nevada, its outlook remains promising, especially in a gold market increasingly characterized by uncertainty and demand for safe-haven assets.
In conclusion, current investors should maintain a long-term perspective on Nevada Canyon, as the Swales transaction could catalyze further growth. New investors might find it an opportune time to assess entry, particularly with gold prices trending upward amid broader economic concerns. As always, diversification and careful consideration of market trends are recommended.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Reno, Nevada, June 17, 2025 (GLOBE NEWSWIRE) -- Nevada Canyon Gold Corp. (OTCQX Markets: NGLD) (The “Company” or “Nevada Canyon”) is pleased to announce the execution of an Asset Purchase Agreement ("APA") with Metals One Nevada Inc., a wholly owned subsidiary of Metals One Plc. (“ Metals One ”) for the Swales Gold Property Exploration Lease and Option to Purchase Agreement (the " Swales Lease "), located in Elko County, Nevada.
Pursuant to the APA between Nevada Canyon and Metals One, Metals One has acquired the Swales lease, originally consisting of 40 unpatented mining claims. An additional 99 unpatented mining claims have been added to the Swales Lease by Metals One, for a total combined area of approximately 2780 acres and 139 unpatented mining claims. Total consideration for the APA of the Swales Lease comprised of a US$100,000 cash payment (paid) and the grant of a 2% net smelter royalty to Nevada Canyon on the combined 139 unpatented mining claims.
The Swales Property is located within the Carlin Trend, one of the richest mining trends in the world, and home to some of the largest gold mines in the US. The property is approximately 13 miles northeast of Nevada Gold Mine’s Gold Quarry Mine and 16 miles east southeast of Nevada Gold Mine’s Goldstrike Mine, all of which are located along the gold rich Carlin Trend. There are currently eight producing gold mines within the Carlin Trend. Collectively, these mines have to date produced over 100 million ounces of gold (Nevada Bureau of Mines 2019) and still contain more than 21 million ounces of gold reserves. (Nevada Gold Mines, LLC Carlin Complex 2020) The project has excellent year-round access and infrastructure within Elko County, one of the most pro-mining County’s and gold trends of Nevada.
About Nevada Canyon Gold Corp.
Nevada Canyon Gold Corp. is a US-based natural resource company headquartered in Reno, Nevada. The Company has a large, strategic land position and royalties in multiple projects, within some of Nevada’s highest-grade historical mining districts, offering year-round access and good infrastructure in proven and active mining districts. The Company has a three-fold business model; i) mineral royalty creation and acquisition; ii) precious-metals and exploration streaming & financing; and iii) exploration project accelerator.
For further information please contact:
Corporate Communications
Larry Heuchert
Tel: 1-888-909-5548 Ext. 2
Email: ir@nevadacanyongold.com
Web: www.nevadacanyongold.com
Forward-Looking Statements
The information posted in this release may contain forward-looking statements. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of exploration, delays in completing various engineering and exploration programs, and any potential results from such programs. Specifically, forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company properties, its royalties owned on properties and various other factors beyond the Nevada Canyon Gold Corp.'s control. The Company's actual results could differ materially from those discussed in this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation. Investors are advised to carefully review the reports and documents that Nevada Canyon Gold Corp. files from time to time with the SEC, including its Annual Form 10K for the fiscal year ended December 31, 2024, Quarterly Reports and Current Reports.
FAQ**
How will the acquisition of the Swales Gold Property by Nevada Canyon Gold Corp NGLD impact its overall business strategy and financial performance moving forward?
What specific geological assessments have been conducted on the Swales Gold Property by Nevada Canyon Gold Corp NGLD to justify the potential mineralization of the area?
Given the strategic location of the Swales Lease, how does Nevada Canyon Gold Corp NGLD plan to leverage the existing gold mines in the Carlin Trend to enhance its exploration efforts?
What does the 2% net smelter royalty granted to Nevada Canyon Gold Corp NGLD from Metals One indicate about the potential revenue generation from the Swales Gold Property in the future?
**MWN-AI FAQ is based on asking OpenAI questions about Nevada Canyon Gold Corp (OTC: NGLD).
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