SQX Resources (ASX:SQX) has completed the acquisition of an 80% interest in AM6, securing control of the Williams Gold-Silver Project in Montana and the Red Bird Gold Project in Arizona, following satisfaction of all conditions precedent, including shareholder approval, regulatory consents, and due diligence.
Under the agreement, SQX acquired its stake for 20 million fully paid SQX shares, $250,000 in cash, and 30 million performance rights, which will vest upon achieving exploration and development milestones, including drilling programs, high-grade intercepts, and the definition of compliant mineral resources.
SQX Executive Chairman Patric Glovac described the acquisition as a "transformational milestone," noting that recent sampling at both projects confirmed the bonanza-grade potential of the systems and provides confidence as the company moves into drilling.