Brookmount Gold Completes Acquisition of Talawaan Mining Operation
Brookmount Gold (OTC: BMXI) has completed the acquisition of the Mining Operations in Talawaan, Indonesia, with full operational control starting December 2. The acquisition was partially funded by strategic Australian investors who are shareholders in a major Australian listed gold mining company. This investor group will assist in the development and expansion of the Talawaan operation. The company plans to initiate a comprehensive review and upgrade of site systems, focusing on ore extraction, transport logistics, security protocols, and worker safety measures. The acquisition represents a strategic step toward senior exchange listing and will provide 100% control of cash generated from operations, reducing the need for external financing and note conversion dilution.
Brookmount Gold (OTC: BMXI) ha completato l'acquisizione delle Operazioni Minerarie a Talawaan, Indonesia, con pieno controllo operativo a partire dal 2 dicembre. L'acquisizione è stata parzialmente finanziata da investitori strategici australiani che sono azionisti di una importante azienda mineraria australiana quotata in borsa. Questo gruppo di investitori assisterà nello sviluppo e nell'espansione dell'operazione di Talawaan. L'azienda prevede di avviare una revisione completa e un aggiornamento dei sistemi del sito, concentrandosi sull'estrazione del minerale, sulla logistica dei trasporti, sui protocolli di sicurezza e sulle misure di sicurezza per i lavoratori. L'acquisizione rappresenta un passo strategico verso la quotazione in borsa senior e garantirà il 100% del controllo sui flussi di cassa generati dalle operazioni, riducendo la necessità di finanziamenti esterni e la diluizione da conversione di obbligazioni.
Brookmount Gold (OTC: BMXI) ha completado la adquisición de las Operaciones Mineras en Talawaan, Indonesia, con pleno control operativo a partir del 2 de diciembre. La adquisición fue parcialmente financiada por inversores estratégicos australianos que son accionistas de una importante empresa minera australiana que cotiza en bolsa. Este grupo de inversores ayudará en el desarrollo y expansión de la operación en Talawaan. La empresa planea iniciar una revisión exhaustiva y una actualización de los sistemas del sitio, centrando su atención en la extracción de mineral, la logística de transporte, los protocolos de seguridad y las medidas de seguridad para los trabajadores. La adquisición representa un paso estratégico hacia la cotización en bolsa de mayores dimensiones y proporcionará un control del 100% del efectivo generado por las operaciones, reduciendo la necesidad de financiamiento externo y la dilución por conversión de notas.
브룩몬트 골드 (OTC: BMXI)는 인도네시아 탈라완의 광산 운영을 인수하였으며, 12월 2일부터 완전한 운영 통제를 시작합니다. 이번 인수는 호주에 있는 전략적 투자자들에 의해 부분적으로 자금이 지원되었으며, 이들은 주요 호주 상장 금광 기업의 주주들입니다. 이 투자자 그룹은 탈라완 운영의 개발 및 확장을 지원할 것입니다. 회사는 광물 추출, 운송 물류, 보안 프로토콜 및 근로자 안전 대책에 중점을 두고 현장 시스템의 포괄적인 검토와 업그레이드를 시작할 계획입니다. 이번 인수는 상장 시장에의 전략적 접근을 나타내며 운영에서 발생한 현금의 100%를 통제할 수 있게 함으로써 외부 자금 조달의 필요성을 줄이고, 노트 전환에 따른 희석을 줄일 것입니다.
Brookmount Gold (OTC: BMXI) a terminé l'acquisition des opérations minières à Talawaan, en Indonésie, avec un contrôle opérationnel complet à partir du 2 décembre. L'acquisition a été partiellement financée par des investisseurs stratégiques australiens qui sont actionnaires d'une grande entreprise minière australienne cotée. Ce groupe d'investisseurs assistera dans le développement et l'expansion de l'opération de Talawaan. L'entreprise prévoit de lancer un examen complet et une mise à niveau des systèmes sur site, en se concentrant sur l'extraction de minerai, la logistique de transport, les protocoles de sécurité et les mesures de sécurité pour les travailleurs. L'acquisition représente une étape stratégique vers une cotation sur un marché supérieur et permettra de contrôler 100 % des liquidités générées par les opérations, réduisant ainsi le besoin de financement externe et la dilution de la conversion des notes.
Brookmount Gold (OTC: BMXI) hat die Übernahme der Bergbauoperationen in Talawaan, Indonesien, abgeschlossen, mit vollem operativen Zugriff ab dem 2. Dezember. Die Übernahme wurde teilweise von strategischen australischen Investoren finanziert, die Aktionäre eines großen an der australischen Börse notierten Goldbergbauunternehmens sind. Diese Investorengruppe wird bei der Entwicklung und Expansion der Talawaan-Operation helfen. Das Unternehmen plant, eine umfassende Überprüfung und Aktualisierung der Systems vor Ort einzuleiten, mit einem Fokus auf Erzforschung, Transportlogistik, Sicherheitsprotokolle und Sicherheitsmaßnahmen für Arbeiter. Die Übernahme stellt einen strategischen Schritt in Richtung einer Börsennotierung dar und wird 100% Kontrolle über die aus den Operationen generierten Mittel bieten, wodurch die Notwendigkeit externer Finanzierung und eine Verwässerung durch Notenkonversion verringert wird.
- Acquisition provides 100% control of cash flow from operations
- Strategic investment secured from Australian mining investors
- Favorable ore sample analysis results from SGS Group
- Reduced need for external debt financing and dilution
- Progress toward senior exchange listing
- Capital expenditure required for systems upgrade and equipment
- Temporary management relocation costs for transition period
- Integration and operational transition risks
RENO, Nev., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Brookmount Gold (Brookmount Explorations, Inc.) (OTC: BMXI). The Board of Directors of Brookmount Gold is pleased to confirm that the acquisition of the Mining Operations in Talawaan, Indonesia has now been completed, with The Company scheduled to take full operational control from next Monday December 2.
A portion of the investment capital deployed in the acquisition, was received from strategic investors, based in Australia, who are also significant shareholders in a major Australian listed gold mining company. This investor group will work closely in ongoing development and expansion of the Talawaan operation, including, where appropriate, arranging additional funds for capital equipment and drilling activities.
In announcing closing of the acquisition, CEO Nils Ollquist commented as follows: “Acquisition of full control of Talawaan has been a key element of our strategic focus over the past 2 years, as we move Brookmount closer to the goal of senior exchange listing. Securing control of
Mr Ollquist continued: “From 1 December, we will be initiating a review and upgrade of all systems utilized on site, prioritizing enhancements in ore extraction, transport logistics, security protocols and worker safety measures. Our objective is to align these processes with ISO or equivalent standards. Where necessary we will deploy funds from operations for this purpose, in addition to expanding and upgrading equipment. Errin Kimball, our Director and Chief Geologist, will be temporarily relocating to Manado to oversee the process and ensure a smooth transition as we integrate the operations within Brookmount.”
Mr Ollquist concluded: “The Board is very pleased that this key step in our journey towards Exchange listing is now complete. With the imminent completion of audit process confirmed, we are confident that 2025 will be a transformative and rewarding year for our shareholders.”
Founded in 2018, Brookmount Gold is a high-growth gold-producing Company incorporated and listed on OTCMarkets in the United States (OTC: BMXI) (BMXI.US) with operating gold mines in Southeast Asia and exploration and production assets in North America. The Company is actively looking to secure additional high-quality gold assets with JORC/NI 43-101 verified resources.
Safe Harbor Statements:
Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.
Investor Relations
Ioannis Petratos
Investor Relations Contact: ir@bmxigold.com
Website: https://www.brookmountgold.com/
Corporate Contact: corporate@brookmountgold.com
Social Links: Brookmount Gold X (Former Twitter): https://x.com/brookmountgold
FAQ
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