Barrick will own 15.9% and Augusta will own 31.9% of Bullfrog’s shares outstanding after closing of the transaction.
Shares of the company jumped 6.1% on the latest drill results.
The project is located immediately south of the Red Chris mine, which is viewed by the company as a potential tier 1 asset.
China’s second-largest gold producer increased its offer price for Cardinal from 70c a share to A$1 a share, outbidding Nordgold.
The market analyst believes that adding lithium, titanium, bauxite and strontium to its list of critical materials brings the EU one step closer to its goal.
Spot gold fell to a near one-week low and on pace for a weekly loss of 2.2%.
The companies want to create a 50/50 JV at the Quesnel porphyry copper project.
The virtual event was titled One Lifetime, One Encounter, making reference to the closure of the Argyle mine at the end of 2020, after almost four decades of production.
He will replace Kelvin Dushnisky, who was appointed chair earlier this year.