Alamos Gold Announces Closing of Quartz Mountain Project Sale

Alamos Gold Inc. has completed the sale of its option to earn 100% interest in the Quartz Mountain Gold Project to Q-Gold Resources Ltd. The total consideration for the transaction is up to $21 million, which includes $2.85 million in cash and 13,924,702 common shares of Q-Gold, representing 9.99% of its issued and outstanding shares. The remaining $18.15 million will be payable in cash or Q-Gold shares, at Alamos' election, and includes $8.15 million in guaranteed payments over three years and $10 million in milestone payments. This transaction aligns with Alamos' strategy to focus on its core operations and growth projects.