secwatch.observer — SEC 8-K summary
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Issuer:     Nevada Canyon Gold Corp. (NGLD)
CIK:        0001605481
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001493152-21-032186
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nevada Canyon Gold signs option to acquire 1% royalty on Olinghouse Project for up to $2M
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- Initial $200,000 cash option payment made; $2M purchase price in cash or 2M shares based on VWAP above/below $1.25.
- Olinghouse Project has historic resource of 695,128 oz gold (0.0381 oz/ton) from 1997 Alta Gold feasibility study.
- Option term is 1 year, extendable; current owner Lake Mountain Mining LLC plans to review financing for restart.
- CEO Jeffrey Cocks says this royalty is a significant milestone for building Nevada Canyon's royalty inventory.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605481/000149315221032186/0001493152-21-032186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605481/000149315221032186/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-032186

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