Headwater Gold and OceanaGold Sign Letter of Intent to Explore Three Projects in Nevada
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 21 2025
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Source: Globenewswire
Partnership Announcement: Headwater Gold Inc. has signed a non-binding Letter of Intent with OceanaGold Corporation for OceanaGold to acquire an option to earn up to a 75% interest in Headwater's TJ, Jake Creek, and Hot Creek projects in Nevada through staged exploration expenditures totaling up to $65 million.
Exploration Commitment: OceanaGold will initially commit to funding at least $2.5 million in exploration across the three projects within two years, with further options to increase its stake by completing Pre-Feasibility Studies and additional exploration investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
