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NewmontAsset sale

StrikePoint Announces Agreement to Purchase the Northumberland Project, a Gold Deposit in Nevada’s Walker Lane, from Newmont Corporation

What happened

Newmont Corporation has agreed to sell the Northumberland Gold Project in Nevada to StrikePoint Gold Inc. for US$70 million in upfront cash, plus up to US$50 million in contingent payments.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

Initial Mineral Resource Estimate: Ind. 2.86 Moz AuEq* and Inf. 1.57 Moz AuEq* Bought Deal Financing of C$140 Million Led by Canaccord Genuity **Not for distribution in the United States of America or to U.S. Newswire services ** VANCOUVER, British Columbia, Aug. 18, 2026 (GLOBE NEWSWIRE) -- (SKP: TSX.V) (STKXF: OTCQB) StrikePoint Gold Inc. (" StrikePoint " or the " Company ") is pleased to announce it has entered into a definitive purchase agreement (the " Agreement ") to acquire the Northumberland Gold Project (" Northumberland " or the " Project ") located in Nevada's Walker Lane, from subsidiaries of Newmont Corporation (" Newmont ") for upfront cash consideration of US$70 million (the " Transaction "). Northumberland is a substantial, past producing gold deposit largely located on private land. StrikePoint 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 and the second within 120 days after achievement of certain commercial production milestones at Northumberland. Key Transaction Highlights * For grades by individual metals, see Table 1 below, which includes the basis of the AuEq calculation. Michael G. Allen, President and CEO of StrikePoint said: "Acquiring Northumberland is a transformational step for StrikePoint. We will be focused on unlocking the...

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Extracted by Autobound

From the Signal API record
Event
Asset sale

What this signalsSelling part of the business often leads to a new focus and new budgets.

Amount named
$70M
Location
Nevada, United States

Companies

  • StrikePoint Gold Inc.Acquirerstrikepointgold.com

The full record

From the Signal API record

Numbers

Amount named in the story
$70M

Details

Assets
gold deposit

Extraction

Confidence
95%
Detected
Aug 18, 2026
signal_type
news
signal_subtype
sells_assets_to

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/abdb4dca-5349-096d-9f84-b12556ea037d returns this record as JSON. POST /v1/companies/enrich returns every signal for newmont.com.

{
  "signal_id": "abdb4dca-5349-096d-9f84-b12556ea037d",
  "signal_type": "news",
  "signal_subtype": "sells_assets_to",
  "detected_at": "2026-08-18T20:17:00+00:00",
  "company": {
    "name": "Newmont",
    "domain": "newmont.com"
  },
  "data": {
    "url": "https://www.globenewswire.com/news-release/2026/08/18/3347243/0/en/strikepoint-announces-agreement-to-purchase-the-northumberland-project-a-gold-deposit-in-nevada-s-walker-lane-from-newmont-corporation.html",
    "title": "StrikePoint Announces Agreement to Purchase the Northumberland Project, a Gold Deposit in Nevada’s Walker Lane, from Newmont Corporation",
    "assets": "gold deposit",
    "excerpt": "Initial Mineral Resource Estimate: Ind. 2.86 Moz AuEq* and Inf. 1.57 Moz AuEq* Bought Deal Financing of C$140 Million Led by Canaccord Genuity **Not for distribution in the United States of America or to U.S. Newswire services ** VANCOUVER, British Columbia, Aug. 18, 2026 (GLOBE NEWSWIRE) -- (SKP: TSX.V) (STKXF: OTCQB) StrikePoint Gold Inc. (“ StrikePoint ” or the “ Company ”) is pleased to announce it has entered into a definitive purchase agreement (the “ Agreement ”) to acquire the Northumberland Gold Project (“ Northumberland ” or the “ Project ”) located in Nevada’s Walker Lane, from subsidiaries of Newmont Corporation (“ Newmont ”) for upfront cash consideration of US$70 million (the “ Transaction ”). Northumberland is a substantial, past producing gold deposit largely located on private land. StrikePoint 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 and the second within 120 days after achievement of certain commercial production milestones at Northumberland. Key Transaction Highlights * For grades by individual metals, see Table 1 below, which includes the basis of the AuEq calculation. Michael G. Allen, President and CEO of StrikePoint said: “Acquiring Northumberland is a transformational step for StrikePoint. We will be focused on unlocking the...",
    "summary": "Newmont Corporation has agreed to sell the Northumberland Gold Project in Nevada to StrikePoint Gold Inc. for US$70 million in upfront cash, plus up to US$50 million in contingent payments.",
    "location": "Nevada, USA",
    "planning": true,
    "image_url": "https://ml.globenewswire.com/Resource/Download/fd9d5df2-a42d-435c-bccc-bcf2ffa3e3fd",
    "confidence": 0.95,
    "published_at": "2026-08-18T20:17:00Z",
    "location_data": [
      {
        "state": "Nevada",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "StrikePoint Gold Inc. (“ StrikePoint ” or the “ Company ”) is pleased to announce it has entered into a definitive purchase agreement (the “ Agreement ”) to acquire the Northumberland Gold Project (“ Northumberland ” or the “ Project ”) located in Nevada’s Walker Lane, from subsidiaries of Newmont Corporation (“ Newmont ”) for upfront cash consideration of US$70 million (the “ Transaction ”).",
    "amount_normalized": 70000000,
    "related_company_name": "StrikePoint Gold Inc.",
    "related_company_domain": "strikepointgold.com"
  }
}

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