BLM Issues Final Environmental Impact Statement for Spring Valley
BLM Issues Final Environmental Impact
Statement for Spring Valley
Tortola, British Virgin Islands--(Newsfile Corp. - June 16, 2025) - Sailfish Royalty Corp. (TSXV: FISH)
(OTCQX: SROYF) (the "
Company
" or "
Sailfish
") is pleased to announce that on June 12, 2025, the
United States Bureau of Land Management ("
BLM
") issued the Final Environmental Impact Statement
("
EIS
") for the proposed Spring Valley Gold Mine ("
Spring Valley
") located in Pershing County,
Nevada.
Paolo Lostritto, CEO stated, "The Final EIS announcement by the BLM comes earlier than previous
guidance which is a positive surprise. Subsequent to a 30-day review period, we look forward to a
Record of Decision by August 11
th
, 2025. This would grant the operator the ability to start construction
on Spring Valley immediately thereafter with a view to generating the first gold production in 2028.
Sailfish has an up-to 3% net smelter return royalty ("
NSR
") on Spring Valley, and production on our
claims would generate a large increase in the Company's revenue. The positive permitting progress,
coupled with the momentum in the gold price appreciation has had a favourable impact on the value of
the Spring Valley royalty for the Company. We believe the project will need to be optimized for the
current gold price environment which is substantially more than the US$1,800/oz gold used in the 2025
feasibility study. A project optimization should result in more gold being produced over the life of mine."
If approved, Spring Valley would employ a contractor workforce of approximately 130 employees during
the initial two-year construction and approximately 250 full-time employees for the operations period.
The total life of the project would be 21 years, including two years of construction, 11 years of mining,
three additional years of ore processing, and 5 years of reclamation and closure activities.
A notice of availability has been published in the federal register to begin a 30-day review period that
ends on July 14, 2025.
The Company's current royalty portfolio on Spring Valley covers 100% of the open pit as outlined in the
PO, with the majority of the acres included in the proposed open pit covered by a 3% NSR at prevailing
gold prices. See Figure 1 below.
Sailfish holds the following Spring Valley royalty assets:
1
.
up to a 3% NSR
1
on a majority of the acres included in the proposed open pit at Spring Valley
(royalty boundary in blue);
2
.
a 1.5% NSR on a portion of the proposed open pit at Spring Valley (royalty boundary in pink); and
3
.
a 0.5% NSR on a portion of the proposed open pit at Spring Valley (royalty boundary in yellow
2
).
Figure 1 - Sailfish Royalty Corp.'s various Spring Valley royalty holdings (boundaries are approximate).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5699/255626_7529d0e50411e8bf_001full.jpg
1
For clarity, the up to 3% NSR owned by Sailfish is part of a total 7% NSR above $700/oz. Au. The
sliding scale NSR royalty is not payable on the first 500,000 ounces of gold recovered from any
commercial production.
2
Excluding the areas included in the blue and pink boundaries.
About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three main
assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq.
km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern
Nicaragua; an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County,
Nevada; and a 100% interest in the Gavilanes Silver Project located in Durango State, Mexico (currently
in the process of being converted into a 2% net smelter royalty).
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the
symbol "SROYF". Please visit the Company's website at
www.sailfishroyalty.com
for additional
information.
For further information:
Paolo Lostritto, CEO, tel. 416-602-2645 or Akiba Leisman, Executive
Chairman of the Board, tel. 917-558-5289.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary statement regarding forward-looking information
Certain disclosures in this release constitute "forward-looking information" within the meaning of
Canadian securities legislation. Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by words such as the following: expects, plans,
anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions.
Forward-looking statements also include reference to events or conditions that will, would, may, could
or should occur, including, without limitation, statements regarding: the expectation that Sailfish's
shareholders will be positively impacted by an increase in Sailfish's revenue as a result of the
construction/project optimization of Spring Valley and the expectation that production on Spring
Valley will start in 2028. In making the forward-looking statements in this news release, the Company
has applied certain factors and assumptions that the Company believes are reasonable, including,
without limitation: that Sailfish's shareholders will be positively impacted by an increase in Sailfish's
revenue as a result of the construction/project optimization of Spring Valley and the expectation that
production on Spring Valley will start in 2028. However, the forward-looking statements in this news
release are subject to numerous risks, uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such forward-looking statements, including without
limitation: that Sailfish's NSR on Spring Valley will not positively impact Sailfish's revenue as
expected by Sailfish's management; that Sailfish's shareholders will not be positively impacted by an
increase in Sailfish's revenue as a result of the construction/project optimization of Spring Valley and
the expectation that production on Spring Valley will start in 2028 as expected by management or at
all; and those applicable risks, uncertainties and factors set forth in the Company's disclosure record
under the Company's profile on SEDAR at
www.sedar.com
.There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Readers are cautioned that reliance on
such information may not be appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information or financial out-look that are
incorporated by reference herein, except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/255626