Sunday, September 7, 2025

New Found Gold Plans To Repurchase 0.6% Royalty Interests From Its Linear, JBP Linear Properties

New Found Gold Corp. (TSXV: NFG) reported this morning that it has entered into three royalty purchase agreements from its Linear and JBP Linear properties. The mining firm is repurchasing 0.2% net return from each of the vendors who were previously granted the royalty interests in July 2016.

Under the terms of the agreement, the firm is purchasing an aggregate of 0.6% net returns for a total consideration of $3.9 million in cash and 458,823 in common shares. Each vendor will get $1.3 million and 152,941 common shares.

The properties cover key target areas in the company’s 100%-owned Queensway Project, including the Keats, Golden Joint, and Lotto discoveries.

Once the transaction is completed, the firm said there will remain a “low royalty burden of just 0.4%” on the ground covering the Keats-Golden Joint-Lotto-Big Dave corridor. The transactions are subject to customary closing conditions and the approval of the TSX Venture Exchange.

New Found Gold last traded at $7.78 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.

Video Articles

Endeavour Silver Q2 Earnings: Growth Isn’t Always Pretty

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

New Found Gold Hits 72 g/t Gold Over 9.7 Metres At New Discovery

New Found Gold (TSXV: NFG) has reportedly discovered yet another zone of mineralization at its...

Wednesday, March 1, 2023, 09:02:35 AM

New Found Gold Intersects 300.36 g/t Gold Over 5.1 Metres

New Found Gold (TSXV: NFG) has released the first assay results from a trenching program...

Monday, September 23, 2024, 09:00:19 AM

New Found Gold To Deliver Maiden Resource, PEA In Q2 2025

New Found Gold (TSXV: NFG) is finally moving the development of its Queensway Project forward,...

Thursday, November 7, 2024, 07:39:49 AM

New Found Gold Invests US$2.0 Million To Secure MOU For Use Of Mill In Newfoundland

New Found Gold (TSXV: NFG) is investing funds into another junior mining corporation in an...

Monday, August 14, 2023, 09:56:04 AM

New Found Gold Disappoints With Just 2.0 Million Ounces In Initial Resource Estimate

New Found Gold (TSXV: NFG) has released it’s much anticipated initial mineral resource estimate for...

Tuesday, March 25, 2025, 08:04:46 AM