Ridgeline Minerals Corp. (TSX-Venture: RDG) (OTCQB: RDGMF) has entered into an agreement to sell its Swift, Black Ridge, Bell Creek, and Atlas gold exploration projects to Nevada Gold Mines, a joint venture between Barrick Mining (NYSE: B) (TSX: ABX) and Newmont (NYSE: NEM), in an all-cash transaction valued at approximately C$32.7 million (US$23.15 million). Effective August 3, 2026, Nevada Gold Mines acquired a 100% interest in the projects, marking a significant milestone for Ridgeline as it monetizes its exploration success while substantially strengthening its balance sheet.
Following the sale, Ridgeline retains several key assets, including its interest in the Selena project under an earn-in agreement with South32, highlighted by the 2025 Chinchilla Sulfide CRD discovery. The company also retains approximately C$32.7 million in cash, C$3.0 million in Spartan Metals Corp. (TSX-Venture: W) (OTCQB: SPRMF) shares, the Big Blue copper-CRD project, the Coyote gold project adjacent to Black Ridge, and a 1% net smelter royalty on Spartan Metals' Eagle tungsten project, providing a strong foundation for future exploration and growth.
Chad Peters, Ridgeline's President, CEO & Director commented, "I'm very proud to announce today's transaction with our longtime partners at Nevada Gold Mines, which crystallizes significant value for Ridgeline shareholders. This deal further validates our hybrid prospect generator business model, representing a 26% premium to our 20-day VWAP and a more than 350% return on invested capital across the four transacted Projects."
Shares of RDG are currently up 32.35% at $0.225, while U.S. listed shares (RDGMF) are up 21.32% at $0.1605 in late-morning trading.
Copyright © 2026 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
View more of this article on AllPennyStocks.com.
About AllPennyStocks.com Media, Inc.:
Founded in 1999, AllPennyStocks.com Media, Inc. is North America's largest and longest running website dedicated exclusively to micro-cap and small-cap insights.
Catering to both Canadian and U.S. markets, AllPennyStocks.com provides a wealth of resources and expert content designed for everyone, from beginner investors to seasoned traders.
AllPennyStocks.com's content is prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.
Contact:
AllPennyStocks.com Media, Inc.
Email: ads@allpennystocks.com
Phone: (800) 558-4560 Ext: 101
]]>