GreenLight Metals signs staged earn-in joint venture deal with Barrick for Nevada Kalium Canyon project

Reuters2026/08/04 11:36

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GreenLight Metals entered a staged earn-in joint venture with Barrick for the Kalium Canyon gold project in Nevada’s Walker Lane.
Barrick can earn 60% by spending US$7.5 million on work and paying US$1 million cash over six years.
Option to lift its stake to 70% with US$12 million additional work over four years, then to 80% by completing a pre-feasibility study.
Barrick to pay an initial US$250,000 within three business days of the agreement’s effective date.
Joint venture forms at 60%/40%; Barrick funds further earn-in work without diluting GreenLight until pro rata funding starts post-earn-in.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenlight Metals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608040730NEWSFILECNPR____20260804_307852_1) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GreenLight Metals signs staged earn-in joint venture deal with Barrick for Nevada Kalium Canyon project

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