TDG Gold Corp. has entered a binding agreement to sell a 51% interest in its Aurora West project to Freeport-McMoRan Mineral Properties Canada Inc. for C$110 million in cash. The deal, expected to close following a December 2026 reorganization, provides TDG with non-dilutive capital to advance its flagship Shasta project while retaining a minority stake and potential future earn-in payments.
Bullish
🤖 80%
TDG agreed to sell 51% of the Aurora West Property to Freeport-McMoRan Mineral Properties Canada for C$110 million in cash at closing, plus a further C$40 million cash and C$80 million sole-funded exploration if Freeport exercises its Earn-In Option. For a TSXV junior explorer, a binding, C$110 million non-dilutive cash inflow is a material monetization that strengthens the treasury and funds the retained Shasta project. Closing remains subject to TSX Venture Exchange approval, with the Reorganization expected in December 2026 and no shareholder vote required.
Catalysts
- ▲ Binding purchase agreement dated November 12, 2026: Freeport pays TDG C$110 million cash for 51% of the Aurora West JV Companies at closing
- ▲ Earn-In Option adds C$40 million cash plus C$80 million of Freeport-funded expenditures (C$30 million committed, minimum C$15 million within two years)
Risk Factors
- ▼ Closing is subject to TSX Venture Exchange approval and satisfaction or waiver of customary conditions
- ▼ TDG's interest in Aurora West JVCo falls to 25% if the Earn-In Option is exercised, and TDG exits ClaimsCo entirely, keeping only a 2.0% net smelter returns royalty on two claims