05:20 PM EDT, 04/03/2025 (MT Newswires) -- Alamos Gold ( AGI ) said Thursday it entered into a binding agreement to sell its non-core Quartz Mountain Gold Project in Oregon, to Q-Gold Resources ( QGLDF ) .

The total consideration for the deal is up to US$21 million and a 9.9% equity interest in Q-Gold. The transaction includes US$2.85 million in cash and a 9.9% stake in Q-Gold when the deal closes, US$8.15 million in guaranteed payments, payable over three years, and US$10 million in milestone payments.

"The sale of Quartz Mountain is consistent with our strategy of monetizing non-core assets as we develop our portfolio of high-return growth projects, including the phase 3+ Expansion at Island Gold, Lynn Lake, and PDA," Chief Executive John McCluskey said.

The transaction is set to close in the second quarter, subject to customary closing conditions.