From The Precious Metals Summit Beaver Creek, John Proust, Chairman and CEO of Japan Gold Corp. (TSXV: JG), joins us to break down the company’s new strategic alliance with $5.5 billion gold producer Solidcore Resources.
Solidcore has committed $35 million over three years to explore five of Japan Gold’s projects. The company also acquired nearly 19% of Japan Gold through an investment priced at a 50% premium to the market.
John explains why approximately 11 mining companies pursued the opportunity, why Solidcore ultimately became the chosen partner, and how the agreement can fund selected projects through exploration, prefeasibility and bankable feasibility studies. We also discuss the upcoming 35-hole, 18,000-metre drilling program scheduled to begin in November.
