Gold Candle Ltd. to Acquire Fokus Mining Corporation in All-Cash Deal

February 12, 2026

Gold Candle Ltd. has entered into a definitive arrangement agreement to acquire all issued and outstanding shares of Fokus Mining Corporation for CAD 0.26 per share in an all-cash transaction valued at approximately CAD 65 million. The deal is intended to expand Gold Candle’s Abitibi, Quebec gold portfolio by adding ~1.4 million ounces of inferred gold resources and more than 20,000 hectares of land.

Buyers
Gold Candle Ltd.
Targets
Fokus Mining Corporation
Industry
Energy
Location
Quebec, Canada
Transaction Type
Buyout

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