Carlin Gold Proposes Royalty-Focused Spinout Company

08:21 AM EDT, 10/23/2026 (MT Newswires) -- Carlin Gold (CGD.V) plans to create a spinoff company to hold its royalties on the Cortez Summit property in Nevada and on mineral claims in Yukon's Mayo mining district. The transaction will allow Carlin Gold to focus on advancing the Cortez Summit project, the company said Friday. Shareholders will receive one half of a share in the spin out for each share held. Upon completion, Carlin Gold will continue to trade on the TSX Venture Exchange, OTCQB Market and Frankfurt Stock Exchange. The spinout company, Carlin Gold Royalty, will be a reporting issuer in British Columbia and Alberta, but its shares will not be immediately listed for trading on any stock exchange following completion. The arrangement is expected to take effect in January 2027. Carlin shares, up 110% over the past 12 months, closed unchanged at CA$1.30 Thursday on the Toronto Stock Exchange.