“`html
Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX, NYSE: B) are mutually terminating their strategic alliance, effective October 31, 2025, after more than five years and C$23 million ($17 million) in spending. This partnership, initiated in February 2020, focused on exploring and developing mineral properties in Japan with potential for Tier 1 or 2 gold deposits.
Barrick’s investments created a geochemical and geophysical database covering 3,000 sq. km of Japan Gold’s rights, identifying three projects: Hakuryu, Togi, and Ebino. Following the termination announcement, Japan Gold’s shares fell 40% to C$0.14, lowering its market capitalization to C$40.3 million ($29 million).
The company has indicated it will continue advancing its projects in Kyushu and Hokkaido, either independently or through new partnerships, while having recently completed a diamond drill program at the Ebino project, which confirmed extensions of a regional alteration system associated with multiple historical gold mines.
“`
