$BMXI Brookmount Shares Latest Update on North America Gold Transaction & Recapitalisation
https://www.accessnewswire.com/newsroom/en/me...is-1136667
RENO, NEVADA / ACCESS Newswire / February 12, 2026 / The Board of Directors of Brookmount Gold is pleased to provide this further update on progress of the North America Gold (NAG), spinoff and recapitalization.
In order to dramatically increase the resource profile of the NAG asset portfolio, currently comprising its two US and one Canadian property, the Board has, for some time, been actively assessing additional opportunities for high value targets in North America, including properties with an existing resource under NR 43-101 guidelines. The Board believes that additional project value, "out of the gate" for the public offering and listing of NAG will significantly enhance both the ultimate value of the special dividend shares being made available to Brookmount shareholders and the availability of financing to be deployed in development and ultimately production from these assets.
We are pleased to confirm that we have now identified and received preliminary commitments on an additional 3 high quality projects with significant gold mineralization in situ. One of the projects also has an existing (inactive) antimony mine on the property which can be reactivated in the short term. All three of the new projects are situated in Nevada, USA and have had extensive drilling and sampling undertaken over recent years, with one property having been partially assessed and evaluated pursuant to NI43-101 protocols.
These additions to the NAG resource portfolio will be expedited and an updated and expanded investor presentation is expected to be finalized within the month of February. It is anticipated that the special dividend date will also be finalized this month as NAG's management team moves forward with the practical requirements of the spinoff, including finalization of the asset acquisition documentation, completion of the asset portfolio audit and finalization of underwriting commitments for the public offering and an exchange listing of NAG shares.
As foreshadowed in earlier releases, in conjunction with the spinoff of NAG shares, Brookmount is undergoing a restructuring and recapitalization with shares issued in settlement of commitments, under dilution protection covenants, to the founding shareholders and certain shares being issued pursuant to ownership finalization of the project assets being acquired by NAG from Brookmount. Timely completion of this "housekeeping" process, together with the anticipated speedy closing of our new acquisitions will enable us to complete the NAG spinoff, and importantly the special dividend, at the earliest possible opportunity.
The Board looks forward to further updating our shareholders this month as this exciting transaction moves towards closure.
https://www.accessnewswire.com/newsroom/en/me...is-1136667
RENO, NEVADA / ACCESS Newswire / February 12, 2026 / The Board of Directors of Brookmount Gold is pleased to provide this further update on progress of the North America Gold (NAG), spinoff and recapitalization.
In order to dramatically increase the resource profile of the NAG asset portfolio, currently comprising its two US and one Canadian property, the Board has, for some time, been actively assessing additional opportunities for high value targets in North America, including properties with an existing resource under NR 43-101 guidelines. The Board believes that additional project value, "out of the gate" for the public offering and listing of NAG will significantly enhance both the ultimate value of the special dividend shares being made available to Brookmount shareholders and the availability of financing to be deployed in development and ultimately production from these assets.
We are pleased to confirm that we have now identified and received preliminary commitments on an additional 3 high quality projects with significant gold mineralization in situ. One of the projects also has an existing (inactive) antimony mine on the property which can be reactivated in the short term. All three of the new projects are situated in Nevada, USA and have had extensive drilling and sampling undertaken over recent years, with one property having been partially assessed and evaluated pursuant to NI43-101 protocols.
These additions to the NAG resource portfolio will be expedited and an updated and expanded investor presentation is expected to be finalized within the month of February. It is anticipated that the special dividend date will also be finalized this month as NAG's management team moves forward with the practical requirements of the spinoff, including finalization of the asset acquisition documentation, completion of the asset portfolio audit and finalization of underwriting commitments for the public offering and an exchange listing of NAG shares.
As foreshadowed in earlier releases, in conjunction with the spinoff of NAG shares, Brookmount is undergoing a restructuring and recapitalization with shares issued in settlement of commitments, under dilution protection covenants, to the founding shareholders and certain shares being issued pursuant to ownership finalization of the project assets being acquired by NAG from Brookmount. Timely completion of this "housekeeping" process, together with the anticipated speedy closing of our new acquisitions will enable us to complete the NAG spinoff, and importantly the special dividend, at the earliest possible opportunity.
The Board looks forward to further updating our shareholders this month as this exciting transaction moves towards closure.
