- Baru Gold (TSXV:BARU) entered exclusive negotiations to develop its 70-per-cent-owned Sangihe gold project in Indonesia alongside Quantum Metal Thailand, which will offer up to US$100 million in funding
- Baru Gold is a junior gold miner and developer active in Indonesia, one of the top-ten gold producing countries in the world
- The junior gold stock has added 375 per cent year-over-year and 137.5 per cent since announcing potential funding from Quantum Metal Thailand on May 15
Baru Gold (TSXV:BARU), market capitalization C$31.81 million, is actively advancing towards up to US$100 million in funding from Quantum Metal Thailand, as announced on May 15, 2025, to develop its flagship 70-per-cent-owned Sangihe gold project in Indonesia.
Quantum Metal Thailand is a gold e-commerce platform with more than 1 million users across 13 countries supplied by international offtake agreements, as well as major ownership in an operating gold mine in Malaysia.
This content has been prepared as part of a partnership with Baru Gold Corp., and is intended for informational purposes only.
According to Friday’s news release, the companies are now negotiating on an exclusive basis, following Baru’s raising of a minimum C$1 million through a recently closed private placement to keep it solvent as a definitive agreement is hashed out.
Such an agreement must be executed within 60 day’s following satisfactory due diligence, which would allow Baru to pursue resource expansion and construction activities at the 42,000-hectare Sangihe geared towards fostering shareholder value.
The Sangihe project features a 25,000-hectare gold-bearing area and an NI 43-101 resource estimated at more than 1 million ounces of gold and 16 million ounces of silver, both indicated and inferred, representing nearly US$4 billion in the ground at prices on July 25. Only 5 per cent of the project’s land package has been drilled to date.
Baru and Quantum Metal Thailand have held several rounds of productive negotiations, Friday’s news release goes on to state, and intend to notify investors upon the meeting of key milestones leading up to a definitive funding agreement.
Leadership insights
“This is the kind of strategic momentum we’ve been building towards,” Terrence Filbert, Baru Gold’s chief executive officer, said in a statement. “We are confident that with QMT, we can accelerate development at Sangihe and deliver on our vision of becoming Indonesia’s next gold producer. This partnership is a major step forward, and our shareholders should be encouraged by the strength of our progress and the opportunities ahead. This is a transformational moment for Baru.”
About Baru Gold
Baru Gold is a junior gold miner and developer active in Indonesia, one of the top-ten gold producing countries in the world.
The junior gold stock (TSXV:BARU) is down by 5 per cent on the news trading at C$0.095 as of 11:34 am ET. The stock has added 375 per cent year-over-year and 137.5 per cent since announcing potential funding from Quantum Metal Thailand on May 15.
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