Condor Resources restructures Lucero project payment terms with Element79 Gold, targets US$ 1 million closing balance Aug. 25

Reuters2026/08/10 22:24

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Condor restructured payment terms with Element79 for the Lucero project sale in Peru under a fourth amendment.
Element79 to cure an overdue US$1.1 million payment via US$100,000 deposit, then US$1 million at closing targeted for Aug. 25, 2026.
Remaining consideration: Plan A pays US$4.05 million by July 31, 2027, or Plan B defaults to milestone-linked US$6 million through 2033.
Condor’s share pledge security over the Peruvian project company remains in place until all obligations are fully paid.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Condor Resources Inc. published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Condor Resources restructures Lucero project payment terms with Element79 Gold, targets US$ 1 million closing balance Aug. 25

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