Grafton Resources secures exclusive option to buy Newmont’s Chilean Poseidon and Jabali projects for US$2.54 million

Bitget2026/09/24 11:05

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Grafton Resources entered an exclusive option to acquire 100% of Newmont’s Poseidon gold-silver-copper project and Jabali gold project in Chile.
Total consideration set at USD 630,000 cash, USD 1.91 million in Grafton shares, staged over three years from Sept. 21, 2026.
Poseidon sits next to Grafton’s Alicahue project, creating 14,383 hectares of contiguous concessions targeted for epithermal mineralization.
Jabali covers 228.9 sq km in Aysén, remains undrilled, with drill-prep infrastructure largely completed.
Deal terms include NSR royalties of 1.5% at Poseidon, 1% at Jabali, with USD 2.5 million resource milestone, USD 3 million production milestone.

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. Grafton Resources Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202609240700TNWSWRCACNPR_____1BOxFO6ep) on September 24, 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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Grafton Resources secures exclusive option to buy Newmont’s Chilean Poseidon and Jabali projects for US$2.54 million

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