Crossroads Gold Announces Definitive Agreement to Acquire Rox-ex and its Pambula and Club Terrace Projects in Australia
Crossroads Gold agreed to acquire 100% of Rox‑ex, adding the Pambula (NSW) and Club Terrace (Victoria) gold projects to its Australian portfolio. The transaction (definitive agreement dated April 23, 2026) includes C$50,000 cash on signing, 2,000,000 Crossroads common shares on closing, and two further C$100,000 cash payments at 12 and 24 months, plus a 2.0% NSR (repurchasable for C$2,000,000). Both projects show historic production and high‑grade drill intercepts (e.g., 2 m @ 33.05 g/t Au; 4 m @ 11.82 g/t Au), and Crossroads plans follow‑up drilling and systematic exploration after closing (expected May 2026, subject to TSXV approval). Market impact: the deal materially expands Crossroads’ gold exposure in a Tier‑1 jurisdiction and creates near‑term drill catalysts that are likely positive for the company’s equity and its tied exposure to gold (XAUUSD), though share issuance and the NSR are dilution/royalty considerations.