Antler Gold Inc. has finalized a definitive agreement with Fortress Asset Management LLC for the acquisition of up to 100% interest in the Erongo Central Gold Project in Namibia, involving a total investment of US$11.5 million.

Information on the Target

Antler Gold Inc. (TSX-V:ANTL) is a Canadian mining company based in Halifax, Nova Scotia, focusing primarily on the exploration and development of gold resources. The company is recognized for its commitment to creating value through systematic exploration and has made significant strides in its operational areas, particularly in Namibia with its Erongo Central Gold Project.

The Erongo Central Gold Project represents a strategic asset for Antler, with promising prospects for gold mining and extraction. This project encompasses a vast area with potential for substantial mineral resources, making it an attractive target for investment and development in the gold mining sector.

Industry Overview in Namibia

Namibia's mining industry plays a critical role in its economy, accounting for a considerable share of the country’s exports and GDP. The nation is rich in mineral resources, including gold, ur