GoldMining Acquires Existing NSR Royalty on Its Yarumalito Project, Colombia
VANCOUVER, BC, March 14, 2022 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX:GOLD) (NYSE:GLDG) is pleased to announce that it has acquired an existing 1% net smelter return ("NSR") royalty on the Company's Yarumalito Project in Colombia from Newrange Gold Corp. ("Newrange"). Pursuant to the agreement, the Company paid Newrange CAD$100,000 in cash and delivered 10,000 common shares of the Company.
Alastair Still, CEO of GoldMining, commented, "Yarumalito was acquired by the Company in 2019 as part of a strategic consolidation of three projects in the Mid Cauca Belt of Colombia that form a district-scale property package in one of the underexplored gold-copper belts in the
