The company disclosed that it has already paid US$500,000 in 2024 and US$230,000 to date in 2025.
“To maintain its rights under all of the agreements and be entitled to exercise the various options, the Company will have to make additional payments of US$675,000 in 2025, US$1,055,000 in 2026, US$1,380,000 in 2027 and US$80,000 annually for the following seven years,” Greenheart Gold stated. Some agreements also include contingent payments based on future reserve estimates and production.
Tamakay is Greenheart Gold’s second gold project in Guyana and the fifth early-stage exploration project in Greenheart Gold’s exploration pipeline, which to date consists of three projects in Suriname, including Majorodam, Igab, and Tosso Creek….