Ely Gold & Minerals, through its 100% owned Nevada Select Royalty, Inc. (NSR), purchased the assets of Nevada Eagle LLC in May 2016. It currently owns a 100% interest in twenty highly prospective precious metals properties in Nevada. Seven of the properties are currently leased or optioned with retained royalties. NSR has a portfolio of six deeded royalties on Nevada assets currently being developed by other companies. Through its 100% owned exploration subsidiary, DHI Minerals (US) Ltd. (DHI), Ely Gold is developing the Green Springs Project in White Pine County, Nevada. Prior to acquiring 100% of Green Springs, DHI developed and sold its interest in the Mt. Hamilton project in 2015, for US$6,000,000. Ely Gold is well funded and receives cash flow from is option and royalty portfolios.
Ely Gold has a unique project generator business model focused on the sale of its properties with retained royalties combined with a proven track record for developing key properties.
August 26, 2016Ely Gold Increases Size of Previously Announced Private Placement to $1,400,000 (more)
August 19, 2016Ely Gold Announces Private Placement (more)
August 18, 2016Ely Gold Announces Grant of Stock Options (more)