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ANTLER GOLD INC - ALRGF STOCK NEWS

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Antler Gold Inc. (TSXV: ANTL) is a Canadian mineral exploration company focused on creating organic royalties in Africa's top jurisdictions, particularly in Namibia. The company's flagship project, the Paresis Gold Project, located in north central Namibia, aims to find a suitable partner to maximize shareholder benefits through future discoveries. Antler Gold continues to expand its land holdings in Namibia, with recent grants and renewals of exploration licenses. The company's partnership with Fortress Asset Management LLC for the Erongo Central Gold Project demonstrates its commitment to strategic alliances and exploration efforts.

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Antler Gold Inc. (TSXV: ANTL) has finalized a definitive agreement with Fortress Asset Management for the Erongo Central Gold Project in Namibia. Under the agreement, Fortress can acquire up to 100% interest in the project for US$5.5 million, with an additional US$6.0 million for exploration expenditures. Antler will retain a 2% net smelter return royalty on the entire project.

The Erongo Central Gold Project comprises four active Exclusive Prospecting Licenses and one application, totaling 19,514.44 hectares in the Damara Belt. It is strategically located near the 3.2 Moz Twin Hills Gold Project and QKR's Navachab Gold Mine. Initial exploration has confirmed high potential for a structurally controlled, metasediment-hosted hydrothermal gold system, with best historical rock chip assays including 80 g/t Au.

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Antler Gold Inc. (TSXV: ANTL) has provided an update on the option agreement with Fortress Asset Management for the Erongo Central Gold Project in Namibia. The execution date for the definitive option agreement has been extended from July 24, 2024, to September 16, 2024. This agreement allows Fortress to acquire up to 100% interest in the project for US$5.5 million and US$6.0 million in exploration expenditures. Antler will retain a 2% net smelter return royalty and act as the project operator during the three option periods. The company has already secured shareholder approval for the transaction at its Annual and Special Meeting on July 15, 2024, and is currently finalizing the agreement with Fortress.

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Antler Gold has announced an option agreement for the Erongo Gold Project in Namibia, pending TSX-V and shareholder approval. The agreement follows a Letter of Intent with Fortress Asset Management.

Details and historical context can be found in prior news releases from April 22, 2020, to May 23, 2024. The project aims to expand Antler Gold's exploration activities in Namibia.

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Antler Gold has announced a binding LOI with Fortress Asset Management for the Erongo Gold Project in Namibia. The agreement allows Fortress to acquire up to 100% interest in Erongo over three years for US$ 5.5 million, US$ 6 million in exploration expenditures, and issuing a 2% net smelter return (NSR) to Antler.

The Erongo Project spans 19,514.44 hectares and includes multiple Exclusive Prospecting Licenses (EPLs). Initial Antler exploration from 2021 identified significant gold potential, including high-grade rock chip assays and promising geophysical survey results. The project is strategically located near major gold projects like Twin Hills and Navachab Gold Mine.

Key terms include systematic cash payments, share issuance, and staged exploration expenditure commitments. Antler will act as the operator during the option period, earning a management fee. A Special Purpose Vehicle will be formed, and a Definitive Agreement will be prepared within 30 days.

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Antler Gold Inc. expands its land holding in Namibia with two new exploration licenses and the renewal of Exclusive Prospecting Licenses. The company aims to explore the highly prospective 'gold corridor' of Namibia, targeting gold deposits similar to established mines and recent discoveries. Antler's commitment to maximizing shareholder value through strategic partnerships and exploration efforts is evident in its recent developments.
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Antler Gold Inc. announces the commencement of exploration work at the Paresis Gold Project in Namibia, covering 21,000 ha in the 'gold corridor' of Namibia. The project has potential for both intrusion-related and orogenic-style gold deposits. The company is seeking a partner to maximize future discovery benefits for shareholders. The exploration program includes geological mapping, grab rock chip sampling, and geochemical sampling. The project is located in a mineral-rich area in north central Namibia, with significant geological potential.
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Antler Gold Inc. (TSXV: ANTL) has closed a brokered private placement financing, raising $500,000 from the sale of 10 million units priced at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. The financing was unanimously approved by the board of directors and remains subject to final approval of the TSX Venture Exchange. The net proceeds will be used for the continued development of exploration activities in Namibia and Zambia, as well as for general corporate purposes and operational efficiencies.
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Antler Gold Inc. (TSXV: ANTL) plans a private placement financing of up to $500,000 by selling 10,000,000 units at $0.05 per Unit. The financing is facilitated by Numus Capital Corp. and is subject to TSX Venture Exchange approval. The net proceeds will fund exploration activities in Namibia and Zambia, as well as new regional opportunities in southern Africa, aiming to enhance short and long-term revenue and ensure operational efficiencies.
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Antler Gold Inc. announces exploration work at Ufipa Gold Project and collaboration with University of Zambia School of Mines and RES PRIME
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Antler Gold Inc. provides corporate update on new licenses and projects in Namibia, emphasizing commitment to diversification and future exploration partnerships.
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FAQ

What is the market cap of ANTLER GOLD (ALRGF)?

The market cap of ANTLER GOLD (ALRGF) is approximately 8.8M.

Where is Antler Gold Inc. focused on mineral exploration?

Antler Gold Inc. is focused on mineral exploration in Africa's top-ranked jurisdictions, with a particular focus on Namibia.

What is the flagship project of Antler Gold Inc.?

The flagship project of Antler Gold Inc. is the Paresis Gold Project, located in north central Namibia.

What is the recent partnership announced by Antler Gold Inc.?

Antler Gold Inc. has signed a binding Letter Of Intent with Fortress Asset Management LLC for the Erongo Central Gold Project, demonstrating its commitment to strategic partnerships.

How is Antler Gold Inc. expanding its land holdings in Namibia?

Antler Gold Inc. has been granted new exploration licenses and renewals, strengthening its presence in Namibia's emerging Damara Gold Province.

What is the exploration strategy of Antler Gold Inc. for its projects?

Antler Gold Inc. plans to explore potential mineral deposits utilizing phased geological mapping, rock chip sampling, and geochemical sampling programs to maximize discovery benefits.

Who is the CEO of Antler Gold Inc.?

Christopher Drysdale is the CEO of Antler Gold Inc., leading the company's exploration initiatives and strategic partnerships.

What is the focus of Antler Gold Inc.'s business model?

Antler Gold Inc. aims to build a risk-diversified business model that generates short and long-term income while providing stakeholders with exposure to potential returns from discovery processes.

What are the key terms of the recent agreement signed by Antler Gold Inc.?

The recent agreement grants the Optionee the right to acquire up to 100% interest in the Erongo Central Gold Project over a three-year period, with considerations including cash payments, share issuances, and exploration expenditures.

Who is the Qualified Person overseeing the technical and scientific information of Antler Gold Inc.?

Mr. Oliver Tors, Exploration Manager of the Company, is a registered Professional Natural Scientist and Qualified Person responsible for technical and scientific information.

What is the primary goal of Antler Gold Inc. in its exploration projects?

The primary goal of Antler Gold Inc. is to create organic royalties through strategic exploration efforts in Africa, emphasizing shareholder value and potential discovery benefits.

ANTLER GOLD INC

OTC:ALRGF

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ALRGF Stock Data

8.79M
60.75M
31.88%
Gold
Basic Materials
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United States of America
Halifax