I-ON Digital Corp. (IONI) Form 8-K — Jun 5, 2026
I-ON Digital Corp. (OTCQB: IONI) announced the entry into a binding agreement to acquire rights to 21 unpatented placer mining claims in California, known as the Blythe Project, for a total purchase price of $25 million. The acquisition is structured as an assignment from Tall Ship Resource Development LLC, an entity controlled by I-ON’s CEO Carlos Montoya, meaning the company assumed existing obligations rather than paying new consideration to the assignor. The project comprises approximately 440 acres with an estimated 1 to 1.5 million ounces of in-situ gold reserves, along with potential for rare earth elements and platinum group metals.
Key figures
- Deal Value Usd
- 25000000
- Project acres
- 440
- Seller reimbursement
- 75000
- Initial escrow deposit
- 500000
- Mining claims acquired
- 21
- Estimated gold reserves oz
- 1,000,000 - 1,500,000
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