I-ON Digital Corp Acquires 21 Gold Mining Claims for $25M

I-ON Digital Corp. has entered into an Assignment of Mineral Property Purchase Agreement to acquire rights to 21 Bureau of Land Management (BLM) gold mining claims in the southwestern United States for $25 million. The claims, estimated to contain 1 to 1.5 million ounces of in situ gold reserves, were assigned from Tall Ship Resource Development LLC, an entity controlled by the company's CEO. The acquisition, which includes a phased transfer of claims and a cooperative agreement for a mineral processing mill, is expected to close in Q3 2026 and will be funded through a combination of cash, seller finance, treasury-held IONau assets, and I-ON common stock. The company also secured a joint venture operating option on additional mineral claims.