{"success":true,"data":{"pressRelease":{"id":"17717","rtpr_id":"nBw4hdhWPa","ticker":"SPA","exchange":"","all_tickers":["SPA"],"title":"Spanish Mountain Gold Announces Closing of First Tranche of Royalty Financing and Receipt of US$22.5 Million","author":"Business Wire","published_at":"2026-05-01T22:12:00.088Z","article_body":"Spanish Mountain Gold Announces Closing of First Tranche of Royalty Financing\nand Receipt of US$22.5 Million\n\nSpanish Mountain Gold Ltd. (the \"Company\" or \"Spanish Mountain Gold\") (TSX-V:\nSPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce that it has closed the\nfirst tranche of its previously announced royalty sale (the “Royalty\nFinancing”) to Wheaton Precious Metals Corp. (“Wheaton”). As part of the\nfirst tranche closing, the Company received US $22.5 million from Wheaton. A\nfurther US$32.5 million is available to the Company under the terms of the\nRoyalty Financing following the satisfaction of certain conditions precedent.\n\nAbout Spanish Mountain Gold Ltd.\n\nSpanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish\nMountain Gold Project towards its goal to build the next gold mine in the\nCariboo Gold Corridor, British Columbia. On August 18, 2025, the Company filed\nan NI 43-101 Technical Report on SEDAR+ that sets out the Project’s\nde-risked and optimized Preliminary Economic Assessment (PEA), with an updated\nMineral Resource Estimate (MRE). We will continue to advance the Project to\nposition the Company to make a construction decision in 2028. We are striving\nto be a leader in community and Indigenous relations by leveraging technology\nand innovation to build the 'greenest' gold mine in Canada. The Relentless\nPursuit for Better Gold means seeking new ways to achieve optimal financial\noutcomes that are safer, minimize environmental impact and create meaningful\nsustainability for communities. Details on the Company are available on\nwww.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54526912&newsitemid=20260501158104&lan=en-US&anchor=www.sedarplus.ca&index=1&md5=3947bd52bae79e50b87f19f5776b35b8)\nand on the Company's website: www.spanishmountaingold.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.spanishmountaingold.com&esheet=54526912&newsitemid=20260501158104&lan=en-US&anchor=www.spanishmountaingold.com&index=2&md5=9a82bb33447f556f3c3c6ff43aab4ef4)\n.\n\nOn Behalf of the Board,\n\n“Peter Mah”\n\nPresident, Chief Executive Officer and Director\n\nSpanish Mountain Gold Ltd.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nFORWARD-LOOKING INFORMATION:\n\nCertain of the statements and information in this press release constitute\n\"forward-looking information\". Any statements or information that express or\ninvolve discussions with respect to predictions, expectations, beliefs, plans,\nprojections, objectives, assumptions or future events or performance (often,\nbut not always, using words or phrases such as \"expects\", \"anticipates\",\n\"believes\", \"plans\", \"estimates\", \"intends\", \"targets\", \"goals\", \"forecasts\",\n\"objectives\", \"potential\" or variations thereof or stating that certain\nactions, events or results \"may\", \"could\", \"would\", \"might\" or \"will\" be\ntaken, occur or be achieved, or the negative of any of these terms and similar\nexpressions) are not statements of historical fact and may be considered\nforward-looking information. The Company's forward-looking information is\nbased on the assumptions, beliefs, expectations and opinions of management as\nof the date of this press release. Other than as required by applicable\nsecurities laws, the Company does not assume any obligation to update\nforward-looking information if circumstances or management's assumptions,\nbeliefs, expectations or opinions should change, or changes in any other\nevents affecting such statements or information. For the reasons set forth\nabove, investors should not place undue reliance on forward-looking\ninformation.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260501158104/en/\n(https://www.businesswire.com/news/home/20260501158104/en/)\n\nPeter Mah\n\n(604) 601-3651\n\ninfo@spanishmountaingold.com (mailto:info@spanishmountaingold.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw4hdhWPa","title":"Spanish Mountain Gold Announces Closing of First Tranche of Royalty Financing and Receipt of US$22.5 Million","author":"Business Wire","ticker":"SPA","created":"2026-05-01T22:12:00.088Z","tickers":["SPA"],"exchange":"","article_body":"Spanish Mountain Gold Announces Closing of First Tranche of Royalty Financing\nand Receipt of US$22.5 Million\n\nSpanish Mountain Gold Ltd. (the \"Company\" or \"Spanish Mountain Gold\") (TSX-V:\nSPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce that it has closed the\nfirst tranche of its previously announced royalty sale (the “Royalty\nFinancing”) to Wheaton Precious Metals Corp. (“Wheaton”). As part of the\nfirst tranche closing, the Company received US $22.5 million from Wheaton. A\nfurther US$32.5 million is available to the Company under the terms of the\nRoyalty Financing following the satisfaction of certain conditions precedent.\n\nAbout Spanish Mountain Gold Ltd.\n\nSpanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish\nMountain Gold Project towards its goal to build the next gold mine in the\nCariboo Gold Corridor, British Columbia. On August 18, 2025, the Company filed\nan NI 43-101 Technical Report on SEDAR+ that sets out the Project’s\nde-risked and optimized Preliminary Economic Assessment (PEA), with an updated\nMineral Resource Estimate (MRE). We will continue to advance the Project to\nposition the Company to make a construction decision in 2028. We are striving\nto be a leader in community and Indigenous relations by leveraging technology\nand innovation to build the 'greenest' gold mine in Canada. The Relentless\nPursuit for Better Gold means seeking new ways to achieve optimal financial\noutcomes that are safer, minimize environmental impact and create meaningful\nsustainability for communities. Details on the Company are available on\nwww.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54526912&newsitemid=20260501158104&lan=en-US&anchor=www.sedarplus.ca&index=1&md5=3947bd52bae79e50b87f19f5776b35b8)\nand on the Company's website: www.spanishmountaingold.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.spanishmountaingold.com&esheet=54526912&newsitemid=20260501158104&lan=en-US&anchor=www.spanishmountaingold.com&index=2&md5=9a82bb33447f556f3c3c6ff43aab4ef4)\n.\n\nOn Behalf of the Board,\n\n“Peter Mah”\n\nPresident, Chief Executive Officer and Director\n\nSpanish Mountain Gold Ltd.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nFORWARD-LOOKING INFORMATION:\n\nCertain of the statements and information in this press release constitute\n\"forward-looking information\". Any statements or information that express or\ninvolve discussions with respect to predictions, expectations, beliefs, plans,\nprojections, objectives, assumptions or future events or performance (often,\nbut not always, using words or phrases such as \"expects\", \"anticipates\",\n\"believes\", \"plans\", \"estimates\", \"intends\", \"targets\", \"goals\", \"forecasts\",\n\"objectives\", \"potential\" or variations thereof or stating that certain\nactions, events or results \"may\", \"could\", \"would\", \"might\" or \"will\" be\ntaken, occur or be achieved, or the negative of any of these terms and similar\nexpressions) are not statements of historical fact and may be considered\nforward-looking information. The Company's forward-looking information is\nbased on the assumptions, beliefs, expectations and opinions of management as\nof the date of this press release. Other than as required by applicable\nsecurities laws, the Company does not assume any obligation to update\nforward-looking information if circumstances or management's assumptions,\nbeliefs, expectations or opinions should change, or changes in any other\nevents affecting such statements or information. For the reasons set forth\nabove, investors should not place undue reliance on forward-looking\ninformation.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260501158104/en/\n(https://www.businesswire.com/news/home/20260501158104/en/)\n\nPeter Mah\n\n(604) 601-3651\n\ninfo@spanishmountaingold.com (mailto:info@spanishmountaingold.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-01T22:12:00.156832752Z","server_sent_at_ms":1777673520156},"received_at":"2026-05-01T22:12:00.209Z","source_url":"https://www.businesswire.com/news/home/20260501158104/en/"},"analysis":{"id":"12973","press_release_id":"17717","analysis_json":{"industry":{"label":"Materials","sector":"Materials"},"redFlags":["Second tranche of US$32.5 million is contingent on the satisfaction of certain conditions precedent"],"eventType":"offering","narrative":"Spanish Mountain Gold closed the first tranche of a royalty financing with Wheaton Precious Metals, securing US$22.5 million in gross proceeds.\n\nThe agreement includes a conditional second tranche of US$32.5 million, with funds intended to advance the Spanish Mountain Gold Project in British Columbia.\n\nManagement targets a construction decision in 2028, aiming to establish the 'greenest' gold mine in Canada's Cariboo Gold Corridor.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Royalty financing de-risks development path for Spanish Mountain project."},"keyFigures":{},"quotedText":"","namedEntities":{"people":[{"name":"Peter Mah","role":"President, Chief Executive Officer and Director"}],"products":["Spanish Mountain Gold Project"],"companies":[{"name":"Spanish Mountain Gold Ltd.","ticker":"SPA"},{"name":"Wheaton Precious Metals Corp.","relationship":"partner / financing counterparty"}],"dollarAmounts":[{"amount":"US$22.5 million","context":"first tranche closing proceeds"},{"amount":"US$32.5 million","context":"second tranche available subject to conditions"}]},"materialImpact":{"score":3,"reasoning":"Closing of a significant non-dilutive royalty financing tranche provides immediate liquidity to de-risk the project, though the second tranche remains conditional."},"tickerRelevance":{"others":[],"primary":"SPA"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"micro_cap","eventGravity":"financing_closing"}},"event_type":"offering","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":3,"narrative":"Spanish Mountain Gold closed the first tranche of a royalty financing with Wheaton Precious Metals, securing US$22.5 million in gross proceeds.\n\nThe agreement includes a conditional second tranche of US$32.5 million, with funds intended to advance the Spanish Mountain Gold Project in British Columbia.\n\nManagement targets a construction decision in 2028, aiming to establish the 'greenest' gold mine in Canada's Cariboo Gold Corridor.","key_figures":{},"named_entities":{"people":[{"name":"Peter Mah","role":"President, Chief Executive Officer and Director"}],"products":["Spanish Mountain Gold Project"],"companies":[{"name":"Spanish Mountain Gold Ltd.","ticker":"SPA"},{"name":"Wheaton Precious Metals Corp.","relationship":"partner / financing counterparty"}],"dollarAmounts":[{"amount":"US$22.5 million","context":"first tranche closing proceeds"},{"amount":"US$32.5 million","context":"second tranche available subject to conditions"}]},"model_name":"glm-4.7","prompt_hash":"sha256:a2703c5a1b5285fe","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-05-01T22:29:40.385Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"micro_cap","eventGravity":"financing_closing"}},"durationMs":183239,"modelName":"glm-4.7"}}