Mako Mining Corp. Acquires Mt. Hamilton Gold-Silver Project from Sailfish Royalty

Mako Mining Corp. has announced a definitive agreement to acquire the Mt. Hamilton Gold-Silver Project in Nevada from Sailfish Royalty Corp. This acquisition will be executed through Mako US Corp., involving a total takeover of Mt. Hamilton LLC, the project's direct owner.

The agreement includes a US$40 million purchase funded through arrangements for a five-year gold stream and a 2% net smelter return royalty granted to Sailfish. Sailfish will continue to hold registered legal title until the acquisition is complete. Once finalized, Mako will commence gold deliveries to Sailfish under agreed terms.

The acquisition is subject to shareholder and regulatory approvals. Given the intertwined control with Wexford Capital, Mako has appointed a special committee to evaluate the transaction, ensuring independent oversight.