I-ON Digital acquires rights to 21 BLM gold mining claims via assignment from CEO's entity

I-ON Digital Corp.

Assignment agreement with Tall Ship (owned by CEO) transfers Purchase Agreement rights for 21 BLM mining claims in southwestern US.
Purchase price $25M; initial escrow deposit $500k; phased transfer of 11 claims at initial closing, 10 after fourth installment.
In situ gold reserves estimated at 1-1.5M ounces; project also includes PGMs, rare earth elements.
Company assumes all obligations under Purchase Agreement; no consideration paid to Tall Ship for assignment.
Closing and digitization of claims targeted for Q3 2026; financing secured via cash, seller finance, IONau, and I-ON common stock.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

I-ON Digital Corp. entered into Assignment of Mineral Property Purchase Agreement with Tall Ship Resource Development LLC (effective 2026-06-01).

Action: entry
Agreement: asset purchase
Counterparty: Tall Ship Resource Development LLC
Effective: 2026-06-01

Exact text from the filing

On June 1, 2026 (the “Assignment Effective Date”), I-ON Digital Corp., a Delaware corporation (the “Company”), entered into an Assignment of Mineral Property Purchase Agreement (the “Assignment Agreement”) with Tall Ship Resource Development LLC

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I-ON Digital Corp. filing history →

Source: SEC EDGAR

accession 0001493152-26-027501

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