On July 4, 2025, Rocky Shore Gold Ltd., together with a subsidiary of Barrick Mining Corporation, has closed the sale of its Hemlo-area mineral claims near Marathon, Ontario for cash consideration of $975,000. The agreement included all Ontario claims owned by the Rocky Shore, including the claims subject to an earlier option agreement, which was terminated on closing of the transaction.
Rocky Shore will retain a variable-rate royalty of up to 0.5% Net Smelter Returns on the claims; the rate per claim will depend on the preexisting royalty burden on such claim, and Barrick will have the right to buy back 50% of the royalty by making a one-time cash payment of $500,000.
Cassels acted for Rocky Shore.