From Yahoo Finance: 2025-06-02 10:12:00

Australian exploration company Firetail Resources has secured two high-grade gold projects in the US through agreements with Athena Gold and Badlands Resources. The Excelsior project in Nevada has a history of producing over 40 million ounces of gold, while the Bella project in South Dakota is located in the Homestake Gold Belt, known for hosting 85 million ounces of gold.

Firetail Resources has committed to investing $5 million over five years to acquire 80% of the Excelsior project and 100% of the Bella project. The agreements include cash payments, share issuances, and royalties to the respective sellers, with completion expected by August 2025.

The acquisition of these gold assets will enhance Firetail’s portfolio and leverage the board’s strengths. The Excelsior project offers an advanced opportunity with open mineralization in all directions, while the Bella project shows promising signs of extensive mineralization in a historically productive district.

In addition to these acquisitions, Firetail previously met the conditions of an option agreement to earn interest in York Harbour Metals’ Newfoundland copper-zinc-silver project. The company’s strategic acquisitions aim to capitalize on the strong gold and copper market prices.

Overall, Firetail’s recent agreements highlight its commitment to expanding its presence in lucrative gold-producing regions while diversifying its exposure to valuable metals. The company’s focus on high-caliber assets and strategic investments positions it for future growth and success in the mining industry.

Read more: Firetail secures options to buy two gold projects in US