StrikePoint Completes Acquisition of the Northumberland Gold Project from Newmont Corporation
Key Highlights
- ➤StrikePoint completed Northumberland acquisition, paying US$70 million upfront.
- ➤Northumberland resource totals 2.86 Moz indicated and 1.57 Moz inferred AuEq.
- ➤C$190 million bought deal financing released after escrow conditions were satisfied.
- ➤StrikePoint will make two contingent US$25 million payments tied to milestones.
- ➤StrikePoint expects to commence Northumberland drilling within a month.
Expert Statements
Michael G. Allen, President and CEO of StrikePoint
“We are pleased to finalize the acquisition of Northumberland a transformational acquisition for StrikePoint. We anticipate commencing drilling within a month at the project with the goals of expanding and infilling the existing resource. Our geological team will also be evaluating several greenfields targets that we have identified, potentially for drilling in 2027. I would like to thank Tembo Capital, Canaccord Genuity and others for their support through this acquisition process. I look forward to working with incoming Chairman Alan Pangbourne as we collaborate to advance the Northumberland Gold Project.”
Alan Pangbourne, Chairman of StrikePoint
“I'm delighted to join StrikePoint as Chairman at such a pivotal moment. Northumberland gives us a significant resource in one of the world's best mining jurisdictions. The Board's priority is to support Mike and his team in advancing it with discipline: high-quality technical work, careful capital allocation and strong governance, so that every dollar spent builds value for shareholders.”
Shawn Khunkhun, Executive Director of StrikePoint
“We are thrilled to complete the acquisition of the Northumberland Gold Project, a significant milestone that positions StrikePoint as an exciting emerging gold explorer and developer in Nevada. Northumberland offers tremendous exploration and development potential in one of the world's premier gold jurisdictions. I look forward to working with the team to aggressively advance the Project and unlock significant value for our shareholders.”
Escrow Release Conditions Satisfied for C$190 Million Bought Deal Financing Led by Canaccord Genuity
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2026) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce that it has completed its previously announced acquisition (the "Transaction") of the Northumberland Gold Project ("Northumberland" or the "Project") located in Nevada's Walker Lane, from subsidiaries of Newmont Corporation ("Newmont") (NYSE: NEM), pursuant to the definitive purchase agreement (the "Agreement") described in the Company's news releases dated August 18, 2026, August 20, 2026, September 9, 2026 and September 29, 2026. The Transaction closed on October 6, 2026, and StrikePoint paid the upfront cash consideration of US$70 million at closing. Northumberland is a past-producing gold deposit, largely located on private land, that houses a significant mineral resource defined by more than 1,500 drill holes. StrikePoint has also agreed to make two additional contingent cash payments of US$25 million each in the future, the first within 120 days after completion of a feasibility study (the "Feasibility Study") and the second within 120 days after achievement of certain commercial production milestones at Northumberland.
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