Evolution Mining terminates joint venture agreement with ONGold Resources Ltd.
1 report, 1 independent
Updated Oct 16
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What happened
Evolution Mining Exploration and Development announced it is terminating the earn-in and joint venture agreement with ONGold Resources Ltd. The termination, effective October 15, 2026, allows ONGold Resources Ltd. to retain 100% interest in the October Gold Project. Following the termination, ONGold Resources Ltd. will assume operatorship of the project.
From finanznachrichten.de
Why it matters
The termination shifts full ownership and operational control of the October Gold Project to ONGold Resources Ltd. The project is located in northeastern Ontario, near IAMGOLD Corporation's Côté Gold Mine.
From finanznachrichten.de
Who's involved
- EVOLUTIONWithdrew from and terminated the joint venture agreement for the October Gold Project.
- David WilcoxServes as the Executive Chairman of Evolution Mining Exploration and Development.
- ConwayHolds the leadership role as the head of Evolution Mining Exploration and Development.
- PhamServes as the Director of Operations and Engineering at Evolution Mining Exploration and Development.
- Western AustraliaJurisdiction where Evolution Mining Exploration and Development maintains operational presence.
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The entities involved
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EVOLUTION
legal entity in Latvia
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