Nevada King Gold Corp (CVE: NKG) (OTCMKTS: NKGFF) has closed its purchase of the Silver Park claims after meeting the final conditions of an option agreement signed in September 2024.
The company said last week that it paid Ofor Silver LLC USD$75,000 and previously issued 100,000 common shares to secure the three patented lode mining claims. The claims span roughly 24 hectares and sit about two kilometres from the firm’s Atlanta Resource Zone in Nevada.
Nevada King completed the transaction as its Phase III regional exploration program continues to advance. The company has already confirmed gold and silver mineralization across a 450-metre by 300-metre area at Silver Park. The results have encouraged the exploration team to prepare for further drilling and mapping. In addition, management believes the patented nature of the claims could simplify future permitting.
Chief executive John Sclodnick said the newly acquired ground adds strategic value. He noted that Silver Park has become a central target within the current exploration campaign. He also said the patented claims give Nevada King more freedom when planning potential development work.
The company also clarified details of its agreement with Atrium Research Corporation, a company-sponsored research firm based in Toronto. Nevada King originally disclosed the arrangement on October 21, 2025. Atrium will produce research reports based on public filings, industry data, and discussions with Nevada King’s management. Atrium will also record three interviews with senior leaders.
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The research partnership designed to increase investor transparency
Nevada King is paying Atrium an upfront fee of USD$40,000 for the service. The arrangement runs from October 22, 2025, to October 22, 2026. At the end of that period, the agreement will shift to a month-to-month basis at $3,500 per month unless both sides agree otherwise. Additionally, either party may end the agreement under the terms that follow the initial period.
Atrium and Nevada King operate at arm’s length. Neither Atrium nor any of its insiders owns Nevada King shares or securities convertible into shares. Furthermore, the company said the research partnership is designed to increase transparency for investors while keeping external analysis independent.
Nevada King plans to continue exploration at Silver Park through 2026. The company intends to build on the growing body of geological data and prepare for broader development options as results warrant.
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