Centra Mining Ltd. entered into non-binding letters of intent to acquire The Long Peak Project and The Stargo Project from Element79 Gold Corp. (CNSX:ELEM) for CAD 1 million on November 17, 2022. As on May 25, 2023, Centra mining entered into Asset Purchase Agreement to acquire The Long Peak Project and The Stargo Project from Element79 Gold Corp. (CNSX:ELEM). Under the terms of the transaction, Centra Mining Ltd. will issue an aggregate of 2,500,000 common shares of Centra at a deemed price of CAD 0.40 per share. The transaction is subject to regulatory approval and is expected to close on or before June 30, 2023.

Centra Mining Ltd. completed the acquisition of The Long Peak Project and The Stargo Project from Element79 Gold Corp. (CNSX:ELEM) on July 13, 2023.