Headwater Gold, Newmont sign Spring Peak joint venture agreement in Nevada
NEM•Planning for 2027 exploration
Planning is underway for a 2027 Stage 2 exploration program, subject to permitting.
Future earn-in terms and royalty
Newmont can lift its interest to 65% by spending an additional USD 40 million on exploration over 3 years once key permits clear.
Newmont can later earn 75% by delivering a pre-feasibility study, with Headwater to receive a 1%-2% NSR royalty.
Joint venture agreement signed for Spring Peak
Headwater Gold signed a definitive joint venture agreement with Newmont for the Spring Peak project in Nevada.
The deal formalizes Newmont’s 51% stake, with Headwater retaining 49% following Stage 1 of the earn-in.
