---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-000094"
form_type: "8-K"
ticker: "AHNRF"
cik: "0001304409"
company_name: "ATHENA GOLD CORP"
filed_at: "2022-01-06T23:59:59+00:00"
generated_at: "2026-06-27T20:07:36.630631+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Athena Gold acquires 100% of Excelsior Springs gold project; pays 50M shares plus 1% NSR royalty

## Summary
- Acquired remaining 90% of Excelsior Springs in Esmeralda County, Nevada via purchase of Nubian US subsidiary.
- Consideration: 50M restricted Athena common shares (including 5M previously issued) and a 1% net smelter returns royalty.
- Nubian holds ~41.7% of Athena (pro forma 119.9M shares outstanding); plans S-1 distribution to its shareholders.
- Nubian gets board nomination right and voting agreement to support Athena Board recommendations for 12 months.
- Athena plans aggressive 2022 exploration program at the Property; finalizing drill targets.

## SEC filing metadata
- accession: 0001683168-22-000094
- form_type: 8-K
- ticker: AHNRF
- cik: 0001304409
- company_name: ATHENA GOLD CORP
- filed_at: 2022-01-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 8.01, 7.01, 9.01, 9.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1304409/000168316822000094/0001683168-22-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1304409/000168316822000094/athenagold_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-000094
- JSON: https://secwatch.observer/filing/0001683168-22-000094.json
- Plain text: https://secwatch.observer/filing/0001683168-22-000094.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.