Capricorn to Exit Nevada Gold Asset Through $26 Million Sale
Synopsis
The miner will sell the fully permitted Big Springs project to Sentinel Metals, with the transaction contingent on shareholder approvals and a capital raising.
Key Highlights
- Capricorn Metals will sell its Big Springs Gold Project in Nevada for up to $26 million.
- Sentinel Metals has entered a binding agreement to acquire the project.
- Big Springs hosts a 15.5-million-tonne resource.
- It is significantly permitted, for open-cut and underground mining.
- The deal is still subject to approvals from shareholders, regulators and funding.
Capricorn Metals has signed a binding agreement for Sentinel Metals to acquire Capricorn’s Big Springs Gold Project in Nevada, a deal worth up to $26 million.
The project has 15.5 million tonnes of existing mineral resource and is fully permitted for open-cut and underground mining Capricorn added Big Springs to its portfolio after in 2025 it bought Warriedar Resources.
Transaction is Subject to Funding and Regulatory Approvals
The deal is conditional on Sentinel Metals obtaining shareholder approval, regulatory approvals and completing a minimum $15 million capital raising. Capricorn Metals will put $3 million towards Sentinel’s capital raising as part of the funding deal.
Source: Capital Brief
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