Centerra Gold (CGAU) signed a definitive earn-in agreement with Headwater Gold for a Centerra unit to earn up to a 70% stake in Headwater's Crane Creek project in Idaho, according to a Wednesday statement.
Headwater said the Centerra unit will earn up to a 60% interest in the project after spending $25 million in staged exploration expenditures and an additional 10% stake after completing a preliminary economic assessment report.
Phase one drilling at the Crane Creek project is targeted to start as early as spring 2026, Headwater said.
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