Athena Gold Completes Excelsior Springs Monetization

Athena Gold Corporation has announced the successful monetization of its Excelsior Springs project in Nevada. Mammoth Minerals Limited has exercised its option to earn an 80% interest in the project. In return, Athena received AUD$200,000 and 32 million Mammoth shares.

Mammoth plans to leverage a recent AUD$5 million financing to advance towards a maiden resource at Excelsior. Athena will maintain a 20% interest until a feasibility study is completed, along with royalty interests. This partnership aims to build upon previous high-grade gold discoveries.

Athena's strategy includes strengthening its financial position, with assets over CAD$3 million, and advancing its Ontario projects, including the Laird Lake project. Athena also terminated the acquisition agreement for the Crow Springs project, having resolved all MOU obligations.