Spanish Mountain Gold sells 1.5% NSR royalty to Wheaton for US$55 million

• Spanish Mountain Gold agreed to sell Wheaton Precious Metals a 1.5% net smelter returns royalty on gold and silver from Spanish Mountain Gold Project for US$ 55 million.
• Proceeds will be paid in three installments, starting with US$ 22.5 million expected within weeks.
• Second payment of US$ 12.5 million is tied to completion of 60,000 meters of drilling at project.
• Final US$ 20 million tranche depends on receipt of British Columbia Environmental Assessment Act approvals for mine construction and operation.
• Funding is intended to advance feasibility study targeted for completion within 18 months, supporting a build decision in 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spanish Mountain Gold Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260420860122) on April 21, 2026, and is solely responsible for the information contained therein.