Sailfish Announces Shareholder Approval of Disposition of Mt. Hamilton Interest
Sailfish Announces Shareholder Approval of
Disposition of Mt. Hamilton Interest
Tortola, British Virgin Islands--(Newsfile Corp. - March 3, 2026) - Sailfish Royalty Corp. (TSXV: FISH)
(OTCQB: SROYF) (the "
Company
" or "
Sailfish
") is pleased to announce that at its annual general and
special meeting of shareholders held on March 3, 2026 (the "
Meeting
"), shareholders approved the
previously announced disposition (the "
Disposition
") of the Company's 100% interest in Mt. Hamilton
LLC to Mako US Corp., an affiliate of Mako Mining Corp. ("
Mako
").
In connection with the Disposition, Sailfish will receive an amended stream (the "
Amended Stream
")
with an aggregate term of 132 months from the date of the second closing of the Disposition (the
"
Second Closing
"). Under the Amended Stream, Mako will provide Sailfish with: (i) during the initial 60
months, a monthly delivery of gold whereby Sailfish will purchase from Mako approximately 341.7 troy
ounces of gold at a price equal to 20% of the London Bullion Market Association PM Fix price, subject to
a floor of US$2,700 per ounce and a ceiling of US$3,700 per ounce; and (ii) during the final 72 months,
a monthly delivery of gold whereby Sailfish will purchase from Mako approximately 100 troy ounces of
gold at a price equal to 20% of the London Bullion Market Association PM Fix price. The Amended
Stream will be secured against all present and after-acquired property of Mako, in addition to specific
guarantees and pledges relating to an encumbrance by Sailfish over the Mt. Hamilton property.
The Disposition was approved by a majority of the votes cast by disinterested shareholders present or
represented by proxy at the Meeting, as required under Multilateral Instrument 61-101 -
Protection of
Minority Security Holders in Special Transactions
. Completion of the Disposition remains subject to
the acceptance of the TSX Venture Exchange.
In addition to the Disposition, shareholders approved all other items of business at the Meeting.
For further details regarding the Disposition, please refer to the management information circular dated
January 6, 2026 and the supplement thereto dated February 14, 2026, both of which are available on the
Company's website at
www.sailfishroyalty.com
and on the Company's profile on SEDAR+ at
www.sedarplus.ca
.
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; and a 2% NSR on the Gavilanes Silver Project located in Durango State, Mexico. The
Company is in the process of selling an up to 3% NSR on the fully permitted multi-million ounce Spring
Valley gold mine project in Pershing County, Nevada (see February 24, 2026 press release).
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQB 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, 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 Notes Regarding Forward-Looking Statements:
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, are forward-looking statements, including statements
regarding the completion of the Disposition, the receipt of TSX Venture Exchange acceptance, the
timing and terms of the Amended Stream, and the anticipated benefits of the Disposition to the
Company. Forward-looking statements are based on certain material assumptions and analysis
made by the Company and the opinions and estimates of management as of the date of this press
release, including that the TSX Venture Exchange will accept the Disposition. These forward-looking
statements are subject to known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking statements or forward-looking
information. Important factors that may cause actual results to vary include, without limitation, adverse
market conditions; general economic, market or business risks; unanticipated costs; Mako's failure to
obtain necessary approvals for the Disposition; and other factors beyond the control of the Company,
including those other risks more fully described in the Company's annual and quarterly
management's discussion and analysis and other filings made by the Company with Canadian
securities regulatory authorities under the Company's profile at
www.sedarplus.ca
. Although
management of the Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. 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 outlook 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/286109