Midland Signs Definitive Agreement With Barrick for the Lewis Gold Property [Canadian Business Journal (Canada)]
Iamgold Corporation Ordinary Shares (IAG)
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Source: Canadian Business Journal
MONTREAL, Nov. 17, 2025 (GLOBE NEWSWIRE) —Midland Exploration Inc.(“Midland”) (TSX-V: MD)“Barrick”PropertyTransactionOption AgreementPursuant to the Transaction, Barrick has the right to acquire up to a 75% interest in the Property in consideration for cash payments totaling $750,000 and exploration work totaling $12,000,000 on or prior to December 31, 2032. Barrick will be the operator of the work carried out under the Transaction.Barrick may earn an initial 51% interest in the Property by paying in cash $250,000 to Midland and funding exploration work of at least $3,000,000, including a guaranteed amount of $200,000 on or prior to December 31, 2028, at which point Barrick and Midland will form a joint venture (the “JVBarrick may earn an additional 9% in the JV, for a total 60% interest, by making cash payments totalling $200,000 and funding exploration work of at least $1,500,000 on or prior to December 31, 2030 (the “First JV Funding OptionFinally, Barrick may earn an additional 15
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IAG
Earnings
- 11/4/25 - Beat
IAG
Sec Filings
- 11/12/25 - Form SCHEDULE
- 11/5/25 - Form 6-K
- 11/4/25 - Form 6-K
- IAG's page on the SEC website