Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“ Patagonia ” or the “ Company ”) (TSXV: PGDC) is pleased to announce that, further to its news release dated March 14, 2025, it has entered into an investment agreement (the “ Investment Agreement ”) with Black River Mine Inc. (the “ Investor ”) through its wholly-owned subsidiary, Patagonia Gold Canada Inc. (“ PG Canada ”), pursuant to which the Investor has agreed to invest up to US$40 million (the “ Financing ”) to support the development of Patagonia’s flagship Calcatreu Project (the “ Project ”) in Rio Negro, Argentina.
Under the terms of the Investment Agreement, the Investor will acquire up to 40 million preferred shares (“ Preferred Shares ”) of PG Canada, which holds the Project through Minera Calcatreu SAU (the “ Operator ”). The Preferred Shares will be issued at a price of US$1.00 per share, resulting in total gross proceeds of US$40 million.
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STAR NEWS -$Patagonia Gold Corp, HGLD formerly known as $Hunt Mining Corp., is a mineral exploration and production company. The Company’s activities include the exploration and production of minerals from properties in Argentina and Chile. It holds, directly or indirectly through its subsidiaries or under option agreements, the mineral rights and interests to over 350 properties in Argentina, Chile, and Uruguay . The Company is present in Santa Cruz province through the Martha mine. The Company also owns the Calcatreu Project in the Rio Negro province, which is a gold and silver project. The Company Management is based mainly in Buenos Aires, Argentina and the Company maintains offices and support facilities in Perito Moreno and Jacobacci and its operation sites
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STAR NEWS -$Patagonia Gold Corp, HGLD formerly known as $Hunt Mining Corp., is a mineral exploration and production company. The Company’s activities include the exploration and production of minerals from properties in Argentina and Chile. It holds, directly or indirectly through its subsidiaries or under option agreements, the mineral rights and interests to over 350 properties in Argentina, Chile, and Uruguay . The Company is present in Santa Cruz province through the Martha mine. The Company also owns the Calcatreu Project in the Rio Negro province, which is a gold and silver project. The Company Management is based mainly in Buenos Aires, Argentina and the Company maintains offices and support facilities in Perito Moreno and Jacobacci and its operation sites
$Patagonia Gold Corp, HGLD formerly known as Hunt Mining Corp. World’s highest grade silver mine resumes production ♥️
$ALBERTA, with something like two trillion barrels worth of conventional oil in its tar sands, ♥️ will supply and care for all North AMERICA'S oil energy needs for 200 years ♥️ and the United States with about a trillion barrels of shale oil, are the planet’s ♥️ new super giant energy powers. ♥️
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