10:55 AM EDT, 05/29/2025 (MT Newswires) -- Ridgeline Minerals ( RDGMF ) was edging up on Thursday after it agreed to buy 100% interest in the Trench oxide gold project located near 30 kilometers southwest of the town of Carlin, Nevada, from Bronco Creek Exploration, a wholly-owned unit of EMX Royalty ( EMX ) , which was down 1.5%.

Ridgeline said it may earn full interest in the project by making the initial execution payment of 250,000 Ridgeline common shares within five days of TSX Venture Exchange approval, all option payments totaling US$650,000 over a five-year period and by completing $500,000 in exploration expenditures before the fifth anniversary of the agreement.

On commercial terms, upon closing of the exploration earn-in option agreement, EMX will retain a 3% net smelter return (NSR) royalty on the project upon closing of the exploration earn-in option agreement. Ridgeline can reduce the NSR royalty to 2.0%.

In terms of surface sampling highlights, Ridgeline noted the current dataset at Trench is "encouraging but limited in size". The company plans to complete an expanded rock chip sampling and field mapping campaign in the second half of 2025 to supplement the existing surface geochemical database.

""This is a great acquisition for Ridgeline as we further consolidate our Atlas oxide gold project in advance of a maiden drill program this spring. The Trench claims are contiguous with the greater Atlas project and exhibit high-grade gold at surface but has seen limited modern exploration, said Ridgeline Minerals ( RDGMF ) Vice President, Exploration Mike Harp. "This consolidation expands the Atlas mineralized footprint to over four kilometers of combined strike and aligns with the Company's strategy of acquiring and systematically advancing underexplored projects in known gold districts."

Shares of Ridgeline were last seen up $0.0050 at $0.185 on the TSXV.

Price: 0.19, Change: +0.01, Percent Change: +2.78