Mako Mining Concludes Acquisition of Mt. Hamilton Project

Mako Mining Corp. has finalized the acquisition of Mt. Hamilton LLC, located in Nevada, USA, from Sailfish Royalty Corp. The completion follows the company's shareholder approval on March 3, 2026. The acquisition aligns with the amended purchase and gold agreements dated February 14, 2026. Mako will fulfill the $40 million purchase price via a gold streaming agreement with Sailfish.

Under the agreement, Mako will provide Sailfish approximately 341.7 troy ounces of gold monthly for the first 60 months, followed by 100 ounces for the subsequent 72 months. The gold price is pegged at 20% of the London Bullion Market Association PM Fix, capped and floored.

The acquisition is deemed a related party transaction as Mako and Sailfish are under Wexford Capital LP's control, but it did not require formal valuation due to its market value being under 25% of Mako's capitalization.