secwatch.observer — SEC 8-K summary
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Issuer:     Nevada Canyon Gold Corp. (NGLD)
CIK:        0001605481
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0001493152-21-026328
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.0, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nevada Canyon signs LOI to acquire 1% royalty on Olinghouse Project
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- Signed non-binding LOI with Target Minerals to acquire 1% production royalty on Olinghouse Project, Washoe County, Nevada.
- Consideration includes $200,000 cash upon definitive agreement plus $2,000,000 payable in cash or common stock.
- Olinghouse Project historic resource: 695,128 oz gold at 0.0381 oz/ton (1997 Alta Gold feasibility study).
- Option term of 1 year, subject to extension; definitive agreement to be negotiated within 60 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605481/000149315221026328/0001493152-21-026328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605481/000149315221026328/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-026328

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