Allied Energy signs option deal to acquire 100% of Puma Gold property in California

Reuters2026/07/29 12:45

By:Reuters

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Allied Energy signed a definitive three-phase option agreement to acquire 100% of the Puma Gold Property in San Bernardino County, California.
Phase 1 targets a 40% stake over 6-8 months for US$100,000 cash, US$100,000 stock, US$50,000 work.
Phase 2 would lift ownership to 75% with US$200,000 cash, US$200,000 stock, about US$2 million work over 18 months.
Phase 3 would bring ownership to 100% with US$1 million cash, 1,500,000 shares, about US$2 million work.
Puma Gold retains a 2.5% net smelter return royalty once the option is exercised and commercial production begins.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allied Energy Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290845PRIMZONEFULLFEED9799813) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Allied Energy signs option deal to acquire 100% of Puma Gold property in California

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