Spanish Mountain Gold Signs Memorandum of Understanding With Metso, Canada Inc.

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentVANCOUVER, British Columbia — Spanish Mountain Gold Ltd. (the “Company” or “Spanish Mountain Gold“) (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce that it has signed a Memorandum of Understanding (“MoU”) with Metso Canada Inc. (“Metso”), as it moves closer to advancing its Spanish Mountain Gold (“SMG”) project towards feasibility and permitting. The SMG project is located in the Cariboo District corridor in British Columbia, Canada.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentPresident and CEO, Peter Mah stated:Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle content“Spanish Mountain Gold moves ahead with the signing of a MoU with Metso Canada Inc. regarding the collaboration and support for the proposed process plant and tailings dewatering facilities. This collaboration includes trade-off studies as well as support in equipment selection and supply of process solutions. Subject to the execution of definitive agreements, Metso may also provide customary performance commitments for its equipment solutions as SMG advances the project towards feasibility and ultimately a build decision. If SMG selects Metso’s equipment solutions during the anticipated feasibility phase towards a build decision, SMG would be targeting up to $50M of potential Original Equipment Manufacturer (OEM) financing which could be backed by a state export credit agency (ECA) subject to lender approvals and execution of definitive agreements. This marks a key milestone for the company as it prepares for the next stages of development.”Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentSpanish Mountain Gold’s sustainability strategy, “The Relentless Pursuit for Better Gold” aligns extremely well with Metso’s industry-leading portfolio of equipment and innovative technology under the Metso Plus offering which can viewed in the following link Our Metso Plus offering – Metso.Article contentAbout Spanish Mountain Gold Ltd.Article contentSpanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project (Project) towards its goal to build the next gold mine in the Cariboo Gold Corridor, British Columbia. On August 18, 2025, the Company filed an NI 43-101 Technical Report on SEDAR+ that sets out the Project’s de-risked and optimized Preliminary Economic Assessment (PEA), with an updated Mineral Resource Estimate (MRE). We will continue to advance the Project to position the Company to make a construction decision in 2027. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the ‘greenest’ gold mine in Canada.

The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on www.sedarplus.ca and on the Company’s website: www.spanishmountaingold.com.Article contentOn Behalf of the Board,Article content“Peter Mah” Article contentPresident, Chief Executive Officer and DirectorArticle contentArticle contentArticle contentSpanish Mountain Gold Ltd.Article contentNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Article contentFORWARD-LOOKING INFORMATION:Article contentCertain of the statements and information in this press release constitute “forward-looking information”. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company’s forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to statements with respect to, the potential for adding more higher-grade gold mineralization within the pit or outside the current pit design; and the receipt of further results from additional drilling under the 2025 Fall Drill Program, and the plan to make a construction decision in 2027. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20260227321972/en/Article contentContactsArticle contentFor more information, contact: Article contentArticle contentPeter MahArticle contentArticle content(604) 601-3651Article contentArticle contentinfo@spanishmountaingold.comArticle content#distroArticle contentTrending Texas Says Vanguard Settles Collusion Suit for $29.5 Million PMN Business Australia ships LNG 25,000 kilometres to Eastern Canada amid Asian slump Oil & Gas Canada's housing market suffers largest price decline among major economies, says BIS Real Estate Ryan Reynolds’ Wrexham faces financial hit from collapsed broker News The (high) opportunity cost of paying off your mortgage early Mortgages Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.

Texas Says Vanguard Settles Collusion Suit for $29.5 Million PMN Business Australia ships LNG 25,000 kilometres to Eastern Canada amid Asian slump Oil & Gas Canada's housing market suffers largest price decline among major economies, says BIS Real Estate Ryan Reynolds’ Wrexham faces financial hit from collapsed broker News The (high) opportunity cost of paying off your mortgage early Mortgages