Freeport-McMoRan has agreed to acquire a 51% interest in TDG Gold's Aurora West property in northern British Columbia for C$110m in cash, TDG said on 12 November 2026.
Why Freeport-McMoRan Mineral Properties Canada Inc. (Freeport-McMoRan) is buying Aurora West Property, British Columbia (51% interest, from TDG Gold Corp.)
TDG said the transaction validates its exploration strategy and gives shareholders continued exposure to Aurora West while Freeport funds further work. The property adjoins the Aurora copper-gold discovery held by Freeport and Amarc Resources.
“The Aurora discovery has demonstrated the exploration potential of the Toodoggone.”
Deal terms and financing
Before closing, TDG will transfer its Aurora West rights into two new companies, of which Freeport will buy 51% each. Freeport can lift its holdings to 75% and 100% respectively by sole-funding C$80m of exploration and paying C$40m. TDG has no funding obligation during the option period and keeps its Shasta and Baker properties.
Regulatory approvals and timing
Closing is subject to customary conditions including TSX Venture Exchange approval, with possible Investment Canada Act clearance; shareholder approval is not expected to be required. The reorganisation is expected to be completed in December 2026.
Market context
Aurora West adjoins the Aurora copper-gold discovery, which Freeport holds with Amarc Resources; TDG retains its Shasta and Baker properties in the Toodoggone district.
