Golden Minerals signs letter agreement to sell El Quevar silver project to Butte Energy for $3.5M cash

Golden Minerals Co

Purchase price $3.5M cash: $500K non-refundable deposit paid Sep 3, $500K on definitive agreement, $2.5M at closing by Oct 31.
Cash and cash equivalents ~$0.9M as of Aug 30; $2.8M from Velardeña sale overdue; sale addresses immediate liquidity needs.
Also sold Minera Labri for ~$445,500 (net operating losses/CUCAs); Desierto I mining concession restored by Salta Appeals Court.
Going concern warning: if unable to obtain additional financing, may cease operations and liquidate.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.