The TSX Venture Exchange has accepted for filing documentation pertaining to an arm's-length royalty purchase agreement between Matachewan Consolidated Mines Ltd. and an arm's-length party, Alamos Gold Inc. Pursuant to the agreement, the purchaser acquired certain of the company's mineral royalties on the Young-Davidson mine, located in Matachewan in Ontario.

As consideration for the disposition, the purchaser paid $2.7-million to the company.

For further details, please refer to the company's news release dated May 22, 2025.