An unknown buyer entered into an agreement to acquire Makapela Property in Democratic Republic of the Congo from Loncor Gold Inc. (TSX:LN) for CAD 13.5 million on December 13, 2023. The agreement calls for the sale price to be paid in a series of progress payments beginning with a deposit of CAD 2 million. The balance of the progress payments, totaling CAD 11.5 million, will be paid upon completion of the transfer of title to Makapela, which is expected to occur before the end of February 2024.

As of April 30, 2024 completion of the transfer of title to Makapela is expected to occur during the second quarter of 2024. As of June 10, 2024, the sale is expected to be completed during the third quarter of 2024.