Minera Alamos Announces Acquisition of Producing GOLD Complex from Equinox and Appoints Jason Kosec as Part of Leadership Group to Direct Strategic Growth Initiatives /This News Release is Intended FOR Distribution IN Canada
MINERA ALAMOS ANNOUNCES ACQUISITION
OF PRODUCING GOLD COMPLEX FROM
EQUINOX AND APPOINTS JASON KOSEC AS
PART OF LEADERSHIP GROUP TO DIRECT
STRATEGIC GROWTH INITIATIVES
/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN
CANADA
ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
BOUGHT DEAL PRIVATE PLACEMENT FINANCING OF SUBSCRIPTION RECEIPTS IN
CONNECTION WITH THE TRANSACTION
TORONTO
,
Aug. 7, 2025
/CNW/ - Minera Alamos Inc. ("
Minera Alamos
" or the "
Company
")
(TSXV: MAI) is pleased to announce that it has entered into a definitive agreement (the "
Purchase
Agreement
") on
August 7, 2025
to acquire Calibre
USA
Holdings Ltd. ("
Calibre
USA
") from Equinox
Gold Corp. ("
Equinox
") for total consideration of
US$115 million
(the "
Transaction
"), subject to
adjustment. Calibre
USA
holds a 100% economic interest in the producing Pan Gold Mine ("
Pan
"),
Gold Rock Project ("
Gold Rock
") and Illipah Project ("
Illipah
" and together with Pan and Gold Rock,
the "
Nevada Assets
") located in
Nevada
, U.S. .
All dollar amounts are in US dollars unless otherwise specified.
Concurrent with the closing of the Transaction,
Jason Kosec
will join the leadership team of Minera
Alamos as chairman with a mandate to lead the Company's strategic growth initiatives and capital
markets presence. Mr. Kosec is an experienced mining professional having spent over 15 years in
the mining sector in various executive roles and has spearheaded numerous capital markets
transactions that have resulted in significant value creation for shareholders. Mr. Kosec intends to
subscribe for approximately
C$1 million
of the Offering (as outlined below).
The Transaction creates a growing, diversified, Americas-focused precious metals producer with
immediate production and cash flow and a suite of low-capital intensity, quick-build, high-return, gold
projects to drive production growth and take advantage of the record-high gold price environment.
Pan is a heap leach gold operation producing approximately 40 koz, generating strong cash flow
given the current record gold price environment. Post-Transaction, the Company's asset base when
fully developed will hold the potential to produce, in aggregate, over 175 koz gold annually based on
the current development plans for Copperstone, Cerro de
Oro
and Gold Rock (as outlined in their
respective preliminary economic assessment ("
PEA
") reports).
The consideration to Equinox for the Transaction consists of
$90 million
in cash (the "
Cash
Consideration
") and
$25 million
payable in common shares of Minera Alamos (the "
Equity
Consideration
"), both of which are payable upon closing of the Transaction (the "
Closing Date
")
and subject to adjustment pursuant to the terms and conditions of the Purchase Agreement.
In connection with the Transaction, Minera Alamos announces a concurrent bought deal private
placement financing of Subscription Receipts (as defined below) led by Stifel Canada for gross
proceeds of approximately
C$110 million
, which is subject to increase by up to
C$25 million
in
certain circumstances (the "
Offering
"). With the entering into of the bought deal agreement for the
Offering, the Company has secured committed financing to fully fund the Cash Consideration. The
final financing package is expected to consist of the Offering, or a combination of the Offering and a
gold pre-pay arrangement with respect to Pan. The net proceeds from such financing package will
be used to pay the Cash Consideration, with any remainder to be used for working capital required
to support operations at Pan.
Darren Koningen
,
Minera Alamos'
CEO, commented: "This acquisition unlocks significant value in our
late-stage project development pipeline and allows the Company to leverage internal cash flow to
significantly grow the Company's production profile over the next few years. Furthermore, the cash
generated will provide our exploration team with the resources they require to demonstrate the true
size potential of all the existing projects including Cerro De Oro, Copperstone and the newly
acquired Pan complex. I would like to also welcome
Jason Kosec
to the leadership team at Minera
Alamos and look forward to working with him growing the Company over the coming years as we
seek to unlock strong share price appreciation."
Jason Kosec
, incoming chair of the Company added "I am very excited to be joining Minera Alamos
to lead strategic growth initiatives. To have the ability to surround myself with talented mine building
and operating teams, it will allow Minera Alamos to grow production and shareholder value quickly
with increased capital markets exposure, trading liquidity, and significant cash flow. The acquisition
of Pan and Gold Rock is a significant step for Minera Alamos as the cash flow generation is
expected to fully fund the Company's growth pipeline."
TRANSACTION HIGHLIGHTS & RATIONALE
Establishes Minera Alamos as a growing precious metals producer
with immediate
production and cash flow from Pan and Santana to take advantage of strong metal price
environments:
Pan Mine
is a producing gold operation in east-central
Nevada
, located about 28 km
southeast of Eureka along the Battle Mountain–Eureka trend. It is a Carlin-style deposit
mined using conventional open-pit methods, with gold recovered through heap leaching.
Acquired by Equinox in 2025 via its merger with Calibre Mining Corp. ("
Calibre
"), Pan has
been in continuous production since 2017 and has produced over 335,000 ounces to date.
The mine holds 288,000 ounces of measured and indicated resources at 0.36 g/t (inclusive
of reserves) outlined in Calibre's Annual Information Form for the year ended
December 31,
2024
. Recent leach pad expansions have added stacking capacity and support ongoing
production and future growth through exploration.
Minera Alamos management has identified a number of areas for optimization that can
increase production and extend life of mine while reducing the unit cost.
Robust organic growth pipeline funded primarily from Pan cash flows
Low-capital intensive gold projects
in
Mexico
and the U.S. enhancing near-term
shareholder returns as Minera Alamos executes on its growth strategy.
Copperstone
is a fully permitted brownfield project located in
La Paz County, Arizona
,
roughly 19 miles north of the town of Quartzite. The 2025 PEA for Copperstone
demonstrated an approximate 6-year underground mine life, producing on average 40-50
koz gold per year with initial capex of
$36 million
returning an after-tax NPV 5% of
$227
million
and IRR of 171% at
$3,000
/oz gold price. Minera Alamos expects a relatively short
build-period upon final investment decision.
Cerro de
Oro
is a heap-leach project located in Zacatecas State,
Mexico
, approximately
242 km northeast of the
City of Monterrey
. Permits to develop and operate Cerro de
Oro
are pending. The 2023 PEA for Cerro de
Oro
demonstrated an 8.2-year open pit mine life,
producing on approximately 60 koz gold per year with initial capex of
$28 million
returning
an after-tax NPV 5% of
$151 million
and IRR of 111% at
$1,600
/oz gold price.
Gold Rock
is an open-pit, heap-leach gold development project located approximately 8
km from the Pan mining operations. A 2021 PEA outlines a 6.5-year mine life with average
annual production of approximately 56 koz. The project contains 403 koz of measured and
indicated resources at 0.66 g/t and 84 koz of inferred resources at 0.87 g/t. It offers strong
development potential with low projected operating costs and room for resource expansion
through exploration.
Minera Alamos management expects to conduct near-mine and regional exploration
programs at Gold Rock, Copperstone and Cerro de
Oro
over the next two years to expand
resources and extend mine life at each asset.
Attractive Valuation
– Pan and Gold Rock have a combined consensus net asset value of
US$279 million
based on published analyst reports.
1
Technically focused management team
of mine and company builders with depth of
experience in
Mexico
and the Americas and track-record of project evaluation, execution and
operations.
Consolidation strategy
for Pro Forma Minera Alamos to create additional value through
accretive acquisitions.
1
Based on a review of 2025 consensus analyst estimates for the underlying assets.
BENEFITS TO MINERA ALAMOS SHAREHOLDERS
Transforms Minera Alamos into an Americas-focused precious metals producer with two
producing mines (Pan and Santana) and suite of quality gold assets.
Immediate production and cash flow to support growth in asset portfolio, minimizing future
equity dilution for shareholders for financing the Company's organic development pipeline and
exploration programs.
Near-term gold project development provides significant leverage to the gold price during period
of record-high gold prices.
Reorganized leadership team to have complementary skillsets in financing, mine building,
operations, exploration and capital markets.
Pro
Forma Minera Alamos
will benefit from enhanced scale, improved capital markets profile
and trading liquidity.
PAN & GOLD ROCK OVERVIEW
Pan Mine:
The Pan Mine, located in east-central
Nevada
along the Battle Mountain–Eureka gold trend, is an
open-pit, heap-leach gold operation acquired by Equinox through its 2025 acquisition of Calibre. It
produces gold from North and South pits using a conventional crush and heap-leach process. In
2024, it sold 35,228 ounces of gold at a cash cost of
$1,473
per ounce, with 2025 guidance
targeting 30,000–40,000 ounces at an all-in sustaining cost of
$1
,600–$1,700 per ounce. The mine
hosts 288,000 ounces of measured and indicated resources at 0.36 g/t (inclusive of reserves) as
outlined in Calibre's Annual Information Form for the year ended
December 31, 2024
. Gold
mineralization is structurally controlled and hosted in limestone-shale contacts, with exploration
potential remaining in underexplored zones. Recent leach pad expansions have extended operational
capacity by four years.
Gold Rock Project:
The Gold Rock Project is an open-pit, heap-leach gold development located approximately 8 km
southeast of Equinox's Pan Mine in east-central
Nevada
, along the Battle Mountain–Eureka gold
trend. It has measured and indicated resources of 403,000 ounces at 0.66 g/t and inferred
resources of 84,000 ounces at 0.87 g/t. A 2021 PEA outlined a 6.5-year mine life with average
annual production of 55,800 ounces, totaling 362,750 ounces, and projected cash costs of
$903
/oz
with an all-in sustaining cost of
$1,008
/oz. The project benefits from grades about 30% higher than
Pan and offers significant exploration upside within and beyond the defined resource areas.
TRANSACTION DETAILS
Under the Purchase Agreement, Minera Alamos will acquire all the issued and outstanding shares in
Equinox's wholly owned indirect subsidiary, Calibre
USA
from Equinox.
Total consideration for the Transaction is
$115 million
(the "
Total Consideration
"), subject to
adjustment, payable on the Closing Date. The Total Consideration includes
$90 million
of Cash
Consideration and
$25 million
in Equity Consideration, subject to adjustment. The Equity
Consideration will be paid through the issuance of an aggregate of 96,802,816 Minera Alamos
common shares to Equinox at a price of
C$0.355
per common share. Equinox will not hold more
than 9.99% of the issued and outstanding common shares of the Company upon completion of the
Transaction.
Based on internal unaudited consolidated financial statements, prepared on a carve-out basis of the
business to be acquired, the consolidated assets as at
December 31, 2024
were
$169.2 million
,
total liabilities of
$42.3 million
and revenues for the same period were
$81.1 million
with a
corresponding net income of
$12.0 million
.
The Purchase Agreement and the Transaction have been approved by the board of directors of
Minera Alamos and Equinox. Stifel Canada has provided a fairness opinion to the Board of Directors
of Minera Alamos, stating that, as of the date of its opinion, and based upon and subject to the
assumptions, limitations and qualifications stated in such opinion, the consideration to be paid under
the Transaction is fair, from a financial point of view, to Minera Alamos.
Minera Alamos anticipates that the Closing Date will occur in Q4 2025. The Transaction's closing is
subject to certain conditions, including, among other things, receipt of all required regulatory
approvals (including the approval of the TSXV), other consents and regulatory approvals and other
customary closing conditions for a transaction of this nature.
The transaction is arms length in nature and no finder's fees are to be paid.
BOUGHT DEAL PRIVATE PLACEMENT OFFERING OF SUBSCRIPTION RECEIPTS
Minera Alamos has entered into an agreement with Stifel Canada, as lead underwriter and sole
bookrunner (the "
Lead Underwriter
"), on behalf of a syndicate of underwriters (the
"
Underwriters
"), in connection with a bought deal private placement offering of 309,860,000
subscription receipts (the "
Subscription Receipts
") at a price of
C$0.355
per Subscription Receipt
(the "
Issue Price
") for gross proceeds of approximately
C$110 million
(the "
Offering
"). The size of
the Offering may be increased in certain circumstances by up to an additional
C$25 million
.
Each Subscription Receipt will entitle the holder to receive, upon satisfaction or waiver of certain
release conditions (including the satisfaction of all conditions precedent to the completion of the
Transaction) (the "
Escrow Release Conditions
"), without payment of additional consideration or
further action on the part of the holder, one unit consisting of one Minera Alamos common share and
one warrant, with each warrant exercisable to purchase one Minera Alamos common share at a
price of
C$0.705
for a period of 36 months following the completion of the Offering, subject to
adjustments and in accordance with the terms and conditions of a subscription receipt indenture to
be entered into upon closing of the Offering (the "
Subscription Receipt Indenture
").
The gross proceeds from the sale of Subscription Receipts will be deposited and held in escrow by
a subscription receipt agent pending the satisfaction or waiver of the Escrow Release Conditions.
Minera Alamos will pay the Underwriters a cash commission equal to 6% of the gross proceeds
raised, of which 25% will be paid from the proceeds of the Offering upon closing of the Offering and
75% will be paid upon the closing of the Transaction, as well as the expenses of the Underwriters
incurred in connection with the Offering.
The Offering is expected to close on or about
September 17, 2025
and is subject to TSXV and other
necessary regulatory approvals. Following completion of the Transaction, the net proceeds from the
financing package, including from the Offering, are expected to be used to pay the full amount of the
Cash Consideration, with any remainder to be used for working capital required to support
operations at Pan.
The Subscription Receipts will be offered by way of private placement: (a) in each of the provinces
of
Canada
pursuant to applicable prospectus exemptions under applicable Canadian securities laws;
(b) to investors in
the United States
pursuant to available exemptions from the registration
requirements of the United States Securities Act of 1933, as amended; (c) in jurisdictions outside of
Canada and the United States as are agreed to by Minera Alamos and the Underwriters on a private
placement equivalent basis.
The securities being offered pursuant to the Offering have not been, nor will they be, registered
under the U.S. Securities Act and may not be offered or sold in
the United States
or to, or for the
account or benefit of, U.S. persons absent registration or an applicable exemption from the
registration requirements. This news release shall not constitute an offer to sell or the solicitation
of an offer to buy securities in any jurisdiction, nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. "United States" and "U.S.
person" are as defined in Regulation S under the U.S. Securities Act.
ADVISORS & COUNSEL
Stifel Canada is acting as financial advisor to Minera Alamos, with Gowling WLG acting as legal
advisors to the Company in relation to the Transaction and the Offering, respectively.
TECHNICAL DISCLOSURE & QUALIFIED PERSONS
The full report, "NI 43-101 Updated Technical Report on Resources and Reserves Pan Gold Project
White Pine County, Nevada
", dated
March 16, 2023
and effective
December 31, 2022
, authored by
Justin Smith
, B.Sc., P.E., RM-SME et al (the "
Pan Report
") is available for download from Calibre's
SEDAR+ profile at
www.sedarplus.ca
.
The full report, "Amended Technical Report on the Preliminary Economic Assessment of the Gold
Rock Project,
White Pine County, Nevada
, USA", dated
April 30, 2020
, amended
September 3,
2021
and effective as of
March 31, 2020
, authored by
Michael B. Dufresne
, M.Sc., P. Geol., P.
Geo. et al (the "
Gold Rock Report
") is available for download from Fiore Gold Ltd.'s SEDAR+
profile at
www.sedarplus.ca
.
Darren Koningen
, P. Eng.,
Minera Alamos'
CEO, has reviewed the Pan Report and the Gold Rock
Report on behalf of the Company. To the best of
Minera Alamos'
knowledge, information, and belief,
there is no new material scientific or technical information that would make the disclosure of the
mineral resources, mineral reserves or results of the PEA included in such technical reports
inaccurate or misleading.
MINERAL RESERVES & RESOURCES INFORMATION FOR PAN AND GOLD ROCK
On
March 24, 2025
, Calibre filed on SEDAR+ (
www.sedarplus.ca
) an Annual Information Form for
the year ended
December 31, 2024
which included a NI 43-101 reserve and resource estimate for
its Pan Mine and Gold Rock Project. Excerpts from the report are noted below.
Pan Mine - Mineral Resources
Tonnes (Mt)
Au Grade (g/t)
Contained Au (koz)
Measured
0.1
0.47
1
Indicated
22.6
0.35
257
Total Resources
22.7
0.35
258
Inferred
1.1
0.34
12
Leach Pad Inventory
-
-
30
Notes:
1.
CIM (2014. 2019) guidelines, standards and definitions were followed for estimation and classification of mineral resources.
2.
The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing or other relevant issues.
3.
Resources are stated as contained within a constrained pit shell; pit optimization was based on an assumed gold price of US$1,800/oz, Silicic (hard) ore recoveries of 62%
for Au and an Argillic (soft) ore recovery of 85% for Au, an ore mining cost of US$2.41/st, a waste mining cost of $2.22/st, an ore processing and G&A cost of US$3.41/st,
and pit slopes between 45-50 degrees;
4.
Resources are domain edge diluted and reported using a minimum internal gold cutoff grade of 0.003 oz/st Au (0.10 g/t Au).
5.
Measured and Indicated Mineral Resources presented are inclusive of Mineral Reserves. Inferred Mineral Resources are not included in Mineral Reserves.
6.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resources
tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to
Indicated Mineral Resources with continued exploration. There is no certainty that any part of the Mineral Resources estimated will be converted into Mineral Reserves;
7.
Numbers in the table have been rounded to reflect the accuracy of the estimate and may not sum due to rounding.
8.
Mr. Benjamin Harwood, M.Sc., P. Geo. of Calibre is responsible for reviewing and approving the Pan mine open pit Mineral Resource Estimate. Mr. Harwood is a Qualified
Person ("QP") as set out in NI 43-101.
9.
The QP is not aware of any environmental, permitting, legal, title, taxation, socioeconomic, marketing, political, or other relevant factors that could materially affect the Mineral
Resource estimate.
Gold Rock Project - Mineral Resources
Tonnes (Mt)
Au Grade (g/t)
Contained Au (koz)
Measured
-
-
-
Indicated
19.0
0.66
403
Total Resources
19.0
0.66
403
Inferred
3.0
0.87
84
Notes:
1.
The effective date of the Mineral Resource is Mar 31, 2020.
2.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that any part of the Mineral Resources estimated will be
converted into Mineral Reserves;
3.
The preliminary economic assessment for Gold Rock is preliminary in nature and includes Inferred Mineral Resources that are too speculative geologically to have the
economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the preliminary economic assessment
will be realized;
4.
In the table above and subsequent text, the abbreviation "st" denotes US short tons;
5.
Mineral resources stated as contained within a constrained pit shell; pit optimization was based on an assumed gold price of US$1,700/oz, an ore mining cost of
US$2.09/st, a waste mining cost of $1.97/st, an ore processing and G&A cost of US$3.13/st, and pit slopes between 45-50 degrees;
6.
Mineral resources are reported using an internal gold cut off grade of 0.003 oz/st Au for blocks flagged as Argillic altered or as unaltered and a cutoff of 0.004 oz/st Au for
blocks flagged as Silicic altered.; and,
7.
Numbers in the table have been rounded to reflect the accuracy of the estimate and may not sum due to rounding.
QUALIFIED PERSONS
Darren Koningen
, P. Eng.,
Minera Alamos'
CEO, has reviewed and approved the scientific and
technical information contained in this news release.
Darren Koningen
is a Qualified Person within
the meaning of Canadian Securities Administrator's National Instrument 43-101 ("
NI 43-101
").
ABOUT MINERA ALAMOS
Minera Alamos is a gold production and development Company. The Company has a portfolio of
high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in
Sonora
that is currently going through the start-up of operations at the new
Nicho Main
deposit. The 100%-
owned Cerro de
Oro
oxide gold project in northern
Zacatecas
has considerable past drilling and
metallurgical work completed and the proposed mining project is currently being guided through the
permitting process by the Company's permitting consultants. The
La Fortuna
open pit gold project in
Durango (100%-owned) has a positive, robust PEA completed, and the main Federal permits are in
place. Minera Alamos is built around its operating team that together brought three open pit heap
leach gold mines into successful production in
Mexico
over the last 14 years.
The Company's strategy is to develop very low capex assets while expanding the projects'
resources and continuing to pursue complementary strategic acquisitions.
Caution Regarding Forward-Looking Information
This press release includes certain "forward-looking information" within the meaning of applicable
Canadian securities legislation. All information herein, other than information of historical fact,
constitutes forward-looking information. Forward-looking information is frequently, but not always,
identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential",
"possible", and similar expressions, or statements that events, conditions, or results "will", "may",
"could", or "should" occur or be achieved. This information is based on information currently available
to Minera Alamos and Minera Alamos provides no assurance that actual results will meet
management's expectations. Forward-looking information in this press release includes, but is not
limited to: statements with respect to the estimate and projections of Mineral Resources; the results
of metallurgical studies being conducted; the proposed use of proceeds of the Offering; statements
concerning future exploration plans at the Company's mineral projects; the Company's proposed
business strategy; and the development and condition of the Company's mining assets; the increase
of the Offering size; the completion of Transaction and the Offering; the consideration payable under
the Transaction; the expected closing dates of the Transaction and the Offering; the appointment of
Jason Kosec
to the chairmanship of the Company; the economic outlook of the Company as a result
of the Transaction; future production, operations and growth and a result of the Transaction; the
proceeds to be received from the Offering; the true size potential of the Company's existing projects;
future capital markets exposure, trading liquidity and cash flows; the ability of the Transaction to full
fund the growth pipeline of the Company with little to no additional equity dilution; the ability of the
Company to take advantage of strong metals pricing; the ability of the Company to increase
production and extend life of mine at Pan while reducing unit cost; the ability to enhance near-term
shareholder returns; the build-period at Copperstone; near-mine and regional exploration programs
at Copperstone and Cerro de
Oro
; development potential and operating costs at Gold Rock; the
Company's ability to expand Gold Rock and Pan; the upside potential of the Company's asset
portfolio and future asset portfolio; benefits from enhanced scale, improved capital markets profile
and trading liquidity of the Company; exploration upside at Gold Rock; entry into of the Subscription
Receipt Agreement; deposit of gross proceeds from the Offering into escrow; and the payment of a
cash commission to the Underwriters.
The forward-looking information is based on assumptions and addresses future events and
conditions that, by their very nature involve inherent risks and uncertainties. Actual results relating to,
among other things, results of exploration, production, the economics of processing methods, project
development, reclamation and capital costs of
Minera Alamos'
mineral properties, or the ability to
complete technical reports which support the technical and economic viability of mineral production
could differ materially from those currently anticipated in forward-looking information for many
reasons.
Minera Alamos'
financial condition and prospects could differ materially from those
currently anticipated in forward-looking information for many reasons such as: an inability to
complete the Transaction; and inability to complete the Offering; an inability to receive requisite
permits for mine operation, exploration or expansion; an inability to finance and/or complete updated
resource and reserve estimates and technical reports which support the technical and economic
viability of mineral production; changes in general economic conditions and conditions in the financial
markets; changes in demand and prices for minerals; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; technological and operational difficulties
encountered in connection with
Minera Alamos'
activities; and other matters discussed in this press
release and in filings made with securities regulators. This list is not exhaustive of the factors that
may affect any of
Minera Alamos'
forward- looking information. These and other factors should be
considered carefully, and readers should not place undue reliance on
Minera Alamos'
forward-
looking information. Minera Alamos does not undertake to update any forward-looking information
that may be made from time to time by Minera Alamos or on its behalf, except in accordance with
applicable securities laws.
The Company does not have a feasibility study of mineral reserves, demonstrating economic and
technical viability for the Santana project, and, as a result, there may be an increased uncertainty of
achieving any particular level of recovery of minerals or the cost of such recovery, including
increased risks associated with developing a commercially mineable deposit. Historically, such
projects have a much higher risk of economic and technical failure.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE
Minera Alamos Inc.
View original content:
http://www.newswire.ca/en/releases/archive/August2025/07/c5273.html
%SEDAR: 00009698E
For further information:
CONTACT INFORMATION: Jason Kosec, Incoming Chairman,
[email protected], 250-552-7424; Darren Koningen, CEO, [email protected], 416-
991-4941
CO: Minera Alamos Inc.
CNW 10:14e 07-AUG-25