Goldsky Resources Corp (TSXV: GSKR) is excited to announce the successful completion of its acquisition of the Nordic business unit ("NBU Acquisition") from Elemental Royalty Corporation, previously known as EMX Royalty Corporation. This strategic move enhances Goldsky’s position in the region, building on its strong technical partnership with Elemental on various key assets.
The NBU Acquisition involves Goldsky taking over Elemental's regional infrastructure in northern Sweden, which includes an exploration camp, as well as a comprehensive inventory of exploration equipment and the expertise of Elemental's experienced Nordic technical team.
According to the acquisition agreement dated May 30, 2025, Goldsky will make staged payments totaling 3,247,000 SEK (approximately US$360,000), with each payment consisting of half cash and half in Goldsky common shares ("Shares"). The deemed issue price of the Shares will be the higher of: (i) C$1.26, or (ii) the volume-weighted average price of the Shares on the TSXV for the ten trading days leading up to their issuance.
Elemental will retain a 1% net smelter return (NSR) royalty on any new projects that Goldsky generates organically in Sweden and Finland within five years from the effective date of the agreement.
At the time the NBU Acquisition was initiated, Goldsky (formerly First Nordic Metals Corp.) and Elemental were regarded as non-arms' length parties due to having a director in common. However, since Elemental's acquisition of EMX Royalty Corporation, the two entities no longer share any directors and are now considered arms' length. All Shares issued in connection with the NBU Acquisition will be subject to a statutory hold period of four months and one day, in accordance with Canadian securities laws. Notably, no finder's fees were incurred during this acquisition.
For more information regarding the NBU Acquisition, please refer to Goldsky's press releases dated June 2, 2025, and September 10, 2025.
Goldsky Resources is a publicly-traded exploration company focused on gold, consolidating assets across Sweden and Finland. Its flagship asset, the Barsele gold project in central Sweden, is set to transition to 100% ownership from Agnico Eagle, boasting an Indicated Mineral Resource of 7.88 Mt at 1.27 g/t Au, equating to 320,781 oz Au, alongside an Inferred Mineral Resource of 28.75 Mt at 1.98 g/t Au, totaling 1.83 Moz Au.
The company also holds a significant license position surrounding Barsele, approximately 80,000 hectares located in Sweden's Gold Line greenstone belt, which includes two additional projects: Paubäcken and Storjuktan.
In central Finland, Goldsky Resources owns a district-scale area covering the Oijärvi greenstone belt, which includes the Kylmäkangas deposit, the largest known gold occurrence on this belt. Additionally, Goldsky is the 100% owner of the Rajapalot gold-cobalt project in northern Finland, featuring an Inferred Resource of 9,780kt containing 867 koz Au at 2.8 g/t Au and 4.3 kt Co at 441 ppm Co, as detailed in the NI 43-101 Technical Report.
For further inquiries, please contact Neil MacRae, SVP of Corporate Development, at ir@goldskyresources.com. Media inquiries can be directed to Jos Simson or Saskia Sizen at goldskyresources@tavistock.co.uk.
Goldsky Resources is represented by Augment Partners AB on the Nasdaq First North Growth Market. Follow Goldsky Resources on social media for the latest updates: X, YouTube, LinkedIn, Facebook, Instagram.
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