Golden Minerals (OTCQB:AUMN)(TSX:AUMN) sold its subsidiary for $1.2 million.
The company also raised $856,463 in a private placement.
Shares trade at $0.17, down 50% year-to-date.
Subsidiary Minera William S.A. de C.V. was sold to Streamline Metals Capital and Horizon Silver Resources.
Minera William held tax losses and a royalty interest in the San Diego project in Mexico.
Golden Minerals entered a subscription agreement with Streamline for 3,740,000 common shares at $0.229 per share.
The deal is expected to close around May 20, 2026. Streamline will hold about 19.9% of shares.
Proceeds will fund Nevada and Argentina projects.
CEO Pablo Castanos: "This transaction is a key milestone in our strategic repositioning."
