Richmond Hill to Acquire Bartlett Mining Claims Adjacent to Martello Project

Rogue Baron Plc ( (GB:RHR) ) has provided an update.

Richmond Hill Resources has agreed to acquire 100% of the Bartlett Mining Claims in Ontario, a 29-claim, 871.5-hectare package directly adjacent to its Martello Gold Project. The asset lies in a well-established mining district with good access and infrastructure, and all claims are in good standing, though they are subject to existing net smelter return royalties.

The consideration totals CAD$675,000, comprising CAD$125,000 in cash at completion and CAD$550,000 in new shares issued at 1.75 pence each to a third party, subject to a multi-stage lock-in through 2027. As the seller is controlled by substantial shareholder James Ikin, the deal is a related-party transaction, which independent directors, advised by Cairn Financial Advisers, have deemed fair and reasonable, pending due diligence and regulatory approvals.

More about Rogue Baron Plc

Richmond Hill Resources Plc is an AIM-listed mining company focused on gold exploration in Ontario, Canada. Its primary asset is the Martello Gold Project, situated in a well-established mining district with favourable infrastructure and established claim positions that support ongoing exploration activities.

Average Trading Volume: 1,670,856

Technical Sentiment Signal: Hold

Current Market Cap: £14.37M

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