Ridgeline Minerals has completed the sale of its interests in the Swift, Black Ridge, Bell Creek, and Atlas gold projects to Nevada Gold Mines for a total cash payment of US$23.15 million (C$32.7 million). The transaction, which became effective on August 3, 2026, grants the buyer 100% ownership of the four projects. The deal remains subject to final approval by the TSX Venture Exchange.

The company's stock is currently trading up 35.29%.

“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.”

— Chad Peters, President, CEO & Director

Following the divestment, Ridgeline holds a cash treasury of C$33 million and C$3 million in marketable securities. The company intends to continue executing its hybrid exploration business model by evaluating new acquisition and M&A opportunities, as well as staking additional precious and base metal exploration projects within Nevada.

Read the full announcement: Ridgeline Minerals Converts Exploration Success into All-Cash C$32.7 Million Sale of Carlin & Cortez Trend Gold Portfolio to Nevada Gold Mines