Royalty Overview

The New Alger royalty was acquired in November 2021, through the acquisition of Abitibi Royalties & Golden Valley. The 1.0% NSR royalty covers a significant portion of the New Alger project, a large and prospective area to the west and south of the old O’Brien project. It adjoins Agnico Eagle’s LaRonde Mine to the southeast and contains the historic Thompson-Cadillac Mine.

Project Overview

The New Alger Gold-Silver project is located in the Abitibi region in Québec, Canada, midway between the towns of Rouyn-Noranda and Val-d’Or, near the center of one of the most productive gold zones in North America, the Bousquet-Cadillac Mining Camp, having produced historically over 21,000,000 ounces of gold over the last 100 years. The New Alger project was initially acquired by Renforth Resources Inc. (“Renforth”) in 2018 and was subsequently acquired by Radisson Mining Inc. (“Radisson”) in 2020 as an extension of their O’Brien project.

New Alger has seen vast exploration work with Renforth conducting a 2,057 m drilling program in 2019, followed by a 2,052 m program in 2020, and 1,782 m program in the same year. Radisson has also completed significant exploration work over the O’Brien project recently completing a 127,600 meter campaign initiated in late 2019.