09:37 AM EDT, 10/22/2025 (MT Newswires) -- Alamos Gold ( AGI ) said Wednesday it completed the sale of its option to acquire full ownership of the Quartz Mountain gold project to Q-Gold Resources for up to $21 million in cash and shares.

The company said it received $2.85 million in cash and about 13.9 million Q-Gold shares, representing a 9.99% interest in the company.

The remaining $18.15 million will be paid in cash or shares, including $8.15 million in guaranteed payments over three years and $10 million tied to project milestones, Alamos said.

Shares of the company were down 1.1% in early Wednesday trading.

Price: 31.37, Change: -0.36, Percent Change: -1.12