On February 25, 2025, Allied Gold (TSX: AAUC) partnered with UAE-based Ambrosia Investment Holding, selling 50% of its Mali operations for $375 million USD (~$538 million CAD), including $145 million USD upfront and a $230 million USD deferred payment. Allied will remain the operator of the Sadiola mine. As part of the deal, Ambrosia also invested C$156.6 million in a private placement, acquiring a 12% stake with the option to increase to 19% through market purchases. The partnership includes a renewable energy initiative aimed at reducing operational costs and improving environmental sustainability at Sadiola.

Advisors to Allied included Stifel Nicolaus Canada Inc. and National Bank Financial Inc., with legal counsel from Cassels Brock & Blackwell LLP and Hogan Lovells International LLP. Ambrosia was advised by SCP Resource Finance LP, with legal counsel from A&O Shearman and McCarthy Tétrault LLP. The transaction strengthens Allied’s financial position, supporting the expansion of Sadiola and the development of its Kurmuk project in Ethiopia.