Saturday, May 31, 2025

Latest

Eclipse Gold, Northern Vertex Complete Merger

Eclipse Gold Mining (TSXV: EGLD) and Northern Vertex Mining (TSXV: NEE) have now officially seen the completion of their previously announced combination. With the merger now complete, the firm reports that a “well-funded, Western-US gold consolidator” has been established.

The newly established company will be lead by Northern Vertex CEO Kenneth Berry, while the former CEO of Eclipse, Mike Allen, has been labelled as being an executive vice president of corporate development. Doug Hurst, formerly a director at Eclipse Gold, will take on the role of Chairman of the company.

With the completion of the merger, the resulting entity is reportedly well funded, with a cash balance of US$18.7 million. Moving forward the company will focus on the continued development of operations at the producing Moss Mine in Arizona, as well as further development of the Hercules project in Nevada as the firm works towards establishing itself as a mid-tier producer.

Eclipse Gold shares are expected to be delisted from trading as of February 17, 2021.

Northern Vertex Mining last traded at $0.465 on the TSX Venture.


Information for this briefing was found via Sedar, and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Wallbridge Expands Land Package At Detour-Fenelon Trend

Wallbridge Mining (TSX: WM) announced a significant development this morning, with the firm entering into...

Thursday, June 18, 2020, 09:35:29 AM

Newmont Cuts Management Jobs, Merges Units After Newcrest Deal

Gold miner Newmont Corp (TSX: NGT) has dismissed nearly a dozen managers including one executive...

Sunday, December 15, 2024, 07:42:00 AM

Gold Mountain Mining Officially Begins Mining Operations At Elk Gold Project

Mining is officially underway over at Gold Mountain Mining (TSXV: GMTN) in just a week...

Tuesday, November 9, 2021, 08:07:47 AM

Gold Nears $3,300: So Where’s All the Money? | Luke Norman – US Gold Corp

Chairman Luke Norman of US Gold Corp (NASDAQ: USAU) delivers a compelling case for gold...

Sunday, May 25, 2025, 01:29:00 PM

iMetal Samples 69.7 G/T Gold At Gowganda

iMetal Resources, Inc. (TSXV: IMR) came forth today with the assay results from the April...

Thursday, June 10, 2021, 10:01:00 AM