Alamos Gold Inc. acquired Mineral Royalties on the Young-Davidson Mine located in Matachewan, Ontario from Matachewan Consolidated Mines, Limited (TSXV:MCM.A) for CAD 2.7 million.
Published on 22/05/2025 at 03:30
Share
Alamos Gold Inc. (TSX:AGI) acquired Mineral Royalties on the Young-Davidson Mine located in Matachewan, Ontario from Matachewan Consolidated Mines, Limited (TSXV:MCM.A) for CAD 2.7 million on May 21, 2025. Pursuant to the Agreement, Matachewan Consolidated Mines sold all of its rights and interests in any and all present and future royalties generated from the 24 mining claims for a final consideration of CAD 2.7 million, which was payable on May 21, 2025, fully satisfying all conditions precedent to closing.
Alamos Gold Inc. (TSX:AGI) completed the acquisition of Mineral Royalties on the Young-Davidson Mine located in Matachewan, Ontario from Matachewan Consolidated Mines, Limited (TSXV:MCM.A) for CAD 2.7 million on May 21, 2025.
Matachewan Consolidated Mines, Limited is a Canada-based company, which is engaged in the natural resource industry. The Company has investments in petroleum interests, as well as mineral resource properties, all of which are located in Canada. It is indirectly exposed to other natural resource opportunities by investing in marketable securities and investment in other companies listed on recognized exchanges that are natural resource based. The Company has a royalty interest in the Matachewan property consisting of 24 mining claims that forms part of the Young Davidson Mine operated by Alamos Gold Inc. The Company does not operate any of the interests it has in oil and natural gas.
Alamos Gold Inc. acquired Mineral Royalties on the Young-Davidson Mine located in Matachewan, Ontario from Matachewan Consolidated Mines, Limited (TSXV: MCM.A) for CAD 2.7 million.
