09:13 AM EDT, 10/22/2025 (MT Newswires) -- Alamos Gold ( AGI ) was at last look down more than 2% in US premarket trade as it announced Wednesday closing of the previously announced transaction to sell its option to earn 100% interest in the Quartz Mountain Gold Project to Q-Gold Resources Ltd. ( QGLDF ) for total consideration of up to US$21 million (in cash and/or common shares of Q-Gold), as well as an equity interest in Q-Gold.

On closing, Alamos received $2.85 million in cash and was issued 13,924,702 common shares of Q-Gold, representing 9.99% of the issued and outstanding common shares of Q-Gold. The remaining consideration of up to $18.15 million will be payable in cash or common shares of Q-Gold, at Alamos' election, and is comprised of $8.15 million of guaranteed payments to be paid over three years, and $10 million of milestone payments.