Goliath Resources Limited (TSX-V: GOT; OTCQX: GOTRF; Frankfurt: B4IF) has completed its move to 100% ownership of the Golddigger Property in British Columbia’s Golden Triangle, home to the company’s high-grade Surebet gold discovery.
The company said it received TSX Venture Exchange approval and issued 3,000,000 common shares to The J2 Syndicate and J2 Syndicate Holdings Ltd. under an amending agreement that updates its existing option terms. With the issuance, Goliath earned the remaining 51% interest in the property and now holds a full 100% stake.
In addition, Goliath announced it has bought down 1% of the property’s net smelter return royalty, reducing the burden from a 3% NSR to a 2% NSR held by the optionors.
Key changes under the amended terms include:
A requirement for Goliath to publish a mineral resource estimate (MRE) on or before June 1, 2030, and then on every three-year anniversary.
A revised “resource ounce” payment threshold to the optionors: US$1 per gold-equivalent ounce above 4,000,000 AuEq oz, replacing the previous 2,000,000 AuEq oz threshold.
A change-of-control provision under which an acquirer would assume Goliath’s obligations, with the MRE timing linked to the third anniversary of the transaction’s completion.
Separately, Goliath said it will not proceed with a previously disclosed plan to extend the expiry date of warrants held by McEwen Inc. after the TSXV did not approve the request. The company stated that 2,590,673 warrants with a $2.50 exercise price are set to expire at end of day March 10, 2026.
To learn more about this, please visit https://goliathresourcesltd.com/
For more articles like this, please visit https://www.theassay.com/
To meet with Goliath Resources at the upcoming 121 Mining Investment London Spring event on 11-12 May 2026, please register here: https://london.121mininginvestment.com/home
