Mako Mining Finalizes Agreements for Mt. Hamilton Acquisition

Mako Mining Corp. has announced amendments to the acquisition agreements for Mt. Hamilton LLC, the entity owning the Mt. Hamilton project in Nevada. Originally, a 2% net smelter returns royalty was proposed, granting this to Sailfish Royalty Corp., but the amended agreements remove this in favor of extending an existing gold stream arrangement.

The Amended Purchase Agreement now eliminates the proposed royalty, leveraging a 72-month secured corporate level gold stream instead. This change is designed to increase flexibility for Mako's development plans for the Mt. Hamilton Project. The strategic adjustments are supported by Mako’s board, aligning with recommendations from a special committee.

Mako Mining will provide shareholders with detailed amendments via a supplement to the management information circular urging support for the revised acquisition agreements during the upcoming shareholder meeting.