Lahontan Announces Private Placement of Units

Lahontan Announces Private Placement of Units

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce a non-brokered private placement financing for gross proceeds of up to $2,000,000 through the issuance of up to 40,000,000 units (the "Units") at a price of $0.05 per Unit (the "Offering").

Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.08 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.12 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term

Gross proceeds raised from the Offering will be used for general working capital purposes and for exploration at the Company's Santa Fe Mine Project.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing*. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com.

* Please see the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project", Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company's website and SEDAR+.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400

Email: Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247764

News Provided by Newsfile via QuoteMedia

LG:CA
Lahontan Gold Corp.

Lahontan Gold Corp. Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Lahontan Gold Corp. (TSXV:LG)

Lahontan Gold Corp.


Keep reading...Show less

Near-term gold production pathway in the highly prolific Walker Lane district in Nevada

IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Kimberly Ann, CEO of Lahontan Gold Corp.

IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Kimberly Ann, CEO of Lahontan Gold Corp.

Via IBN IBN a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The MiningNewsWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels.

The MiningNewsWire Podcast features revealing sit-downs with executives who are shaping the future of the global mining industry. The latest episode features Kimberly Ann, Founder, CEO, President & Executive Chair of Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) , a Canadian mine development and exploration company advancing a portfolio of gold and silver assets in Nevada's Walker Lane, one of the world's most productive and mining-friendly regions.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
IBN Initiates Coverage of Lahontan Gold Corp.

IBN Initiates Coverage of Lahontan Gold Corp.

Via IBN Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) a Canadian mine development and exploration company, has selected IBN a multifaceted financial news and publishing company serving private and public entities, to spearhead its corporate communications efforts.

Lahontan is advancing a portfolio of gold and silver assets in Nevada's Walker Lane, one of the world's most productive and mining-friendly regions. Through its U.S. subsidiaries, the company controls four gold and silver properties in Nevada, three of which are 100%-owned and one controlled via a low-cost option to acquire full ownership. Lahontan is focused on unlocking oxide gold and silver value from past-producing, infrastructure-rich projects, with a clear near-term path to production.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lahontan Announces Closing of Upsized Private Placement of Units and Welcomes New Institutional Investor

Lahontan Announces Closing of Upsized Private Placement of Units and Welcomes New Institutional Investor

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce that, further to its press releases of April 8, 2025, and April 22, 2025, the Company successfully completed its non-brokered private placement financing through the issuance of 42,705,700 units (each, a "Unit") in the capital of the Company at a price of $0.05 per Unit for aggregate gross proceeds of $2,135,285 (the "Offering"). The Company is also pleased to announce that Mr. Larry Lepard, through Equity Management Associates, LLC ("EMA") provided the lead order for the financing and were major participants in the Offering. Lahontan is excited to welcome Mr. Lepard and EMA as shareholders.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lahontan Announces Upsize to Private Placement of Units

Lahontan Announces Upsize to Private Placement of Units

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce that, further to its press release of April 8, 2025, the Company has increased the size of its non-brokered private placement financing to up to 44,000,000 units (each, a "Unit") at a price of $0.05 per Unit for aggregate gross proceeds of up to $2,200,000 (the "Offering").

Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.08 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.12 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
VIDEO - CEO Clips - Lahontan Gold: Revitalizing a Proven Gold Asset in Nevada

VIDEO - CEO Clips - Lahontan Gold: Revitalizing a Proven Gold Asset in Nevada

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) Positioned in Nevada's prolific mining region, Lahontan Gold Corp. is advancing a proven gold asset with a strategy focused on near-term production and resource expansion. By fast-tracking development in a stable jurisdiction, the company aims to generate cash flow while continuing to grow its gold resource.

www.b-tv.com/post/ceo-clips---lahontan-gold-corp-revitalizing-a-proven-gold-asset-in-nevada-btv-60

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Stonegate Capital Partners Initiates Coverage on Heliostar Metals Ltd

Stonegate Capital Partners Initiates Coverage on Heliostar Metals Ltd

Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF): Stonegate Capital Partners initiates their coverage on Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF). The Company's flagship Ana Paula project in Guerrero is a high-grade underground development asset hosting approximately 1.2 million ounces grading 5.4 gt gold in the High-Grade Panel. Active drilling is extending the Parallel Panel and upgrading inferred ounces. A preliminary economic assessment is underway and will be followed by a feasibility study in mid-2026, with first production targeted in 2028. Ana Paula is fully permitted for open-pit mining, and the Company intends to submit an underground permit amendment in 2026. This expansion is expected to be primarily self-funded from the below mentioned producing assets.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • HSTR sold 8,556 GEOs at AISC US$1,541/oz, generating $27.9M in revenue with ~$30.0M in cash and no debt.
  • In 2Q25, La Colorada produced 3,464 oz at low costs, while San Agustin received approval to restart mining in 4Q25.
  • Ana Paula drilling advanced toward a 2026 PFS, targeting 2028 start at ~100koz/year.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/268117_heliostar_435.jpg

Click image above to view full announcement.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Harvest Gold Provides Update on its Ongoing Drill Program at Mosseau and Has Completed its High-Resolution Airborne Magnetic Survey of Mosseau and Labelle

Harvest Gold Provides Update on its Ongoing Drill Program at Mosseau and Has Completed its High-Resolution Airborne Magnetic Survey of Mosseau and Labelle

(TheNewswire)

Harvest Gold Corporation

Vancouver, British Columbia / September 26, 2025 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (" Harvest Gold " or the " Company ") i s pleased to report on the progress of its ongoing drill program at Mosseau, its flagship property in the Urban Barry Belt in Quebec's Abitibi region.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
AERO ENERGY AND FORTUNE BAY ANNOUNCE COMMENCEMENT OF DRILLING AT THE MURMAC URANIUM PROJECT

AERO ENERGY AND FORTUNE BAY ANNOUNCE COMMENCEMENT OF DRILLING AT THE MURMAC URANIUM PROJECT

 Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that summer drilling has commenced at its Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City . A limited suite of high priority targets has been selected for testing.

Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Radisson Announces $20 Million Bought Deal Financing

Radisson Announces $20 Million Bought Deal Financing

www.radissonmining.com
TSX-V: RDS, OTCQX: RMRDF, FRANKFURT : 2RX

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Locksley Names Industry Veterans CEO and COO to Fast-Track its US Mine-to-Market Effort

Locksley Names Industry Veterans CEO and COO to Fast-Track its US Mine-to-Market Effort

Locksley Resources Limited (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF) announced the appointment of Kerrie Matthews as Chief Executive Officer (CEO) and Danny George as Chief Operating Officer (COO) of the company. The appointments are newly-created positions and significantly strengthen the company's executive leadership team at a pivotal time as Locksley advances the Desert Antimony Mine in Mojave . The two bring skill sets that can lead the company as it accelerates downstream processing and fast-tracks its mine-to-market solutions for antimony in the U.S. More information is available here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-02998095-6A1285815&v=c2533a54e2514fb77a8f93f84db686e1125273e9

"The combined backgrounds of these two individuals in critical minerals, major project delivery and contract mining enable Locksley to address one of the most pressing US supply constraints: the absence of large-scale commercial antimony processing capacity," said Pat Burke , chairman of Locksley. "Their appointments significantly enhance our executive capability at a pivotal moment for Locksley, supporting our strategy to transform the historic Desert Antimony Mine into a modern, fully integrated mine-to-market supply chain for 100% Made in America Antimony."

Ms. Matthews is a highly accomplished executive leader with more than two decades of experience delivering significant and capital-intensive projects in the resources and infrastructure sectors. She has held leadership roles in the execution of BHP's US$3.8 billion South Flank Project and Iluka's A$1.8 billion Eneabba Rare Earths Refinery, Australia's first fully integrated rare earths refinery. She brings extensive expertise in governance, stakeholder alignment, cost optimization and regulatory engagement, alongside her proven record of aligning large scale projects with both commercial and government priorities.

Mr. George is an experienced senior executive with a global background spanning all phases of project execution across mining, energy and infrastructure. His past experience includes major projects with WSP, Fortescue, Mineral Resources, Thyssenkrupp and Ausenco, working with leading companies such as Vale, BHP and Hancock Prospecting. His track record includes copper and lithium concentrators, iron ore and coal export facilities, as well as emerging technology projects in hydrogen and green iron. His technical breadth and expertise in rapid project delivery, capital efficiency and large-scale project execution provide Locksley with the operational discipline and agility required to advance the Desert Antimony Mine project on an accelerated schedule.

The company also announced that Julian Woodcook has resigned as technical director to focus on his Managing Director role at Viking Mines Ltd. He has been instrumental in the rapid advancement of the Company's Mojave Project and will continue to offer strategic guidance to the company in a technical consulting capacity.

Locksley Resources ( https://www.locksleyresources.com.au ) is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. Asset, the Mojave Project, in California , targeting rare earths elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolvâ„¢ for domestic processing of North American antimony. This agreement is a cornerstone of Locksley's U.S. Critical Minerals and Energy Resilience Strategy to accelerate "mine-to-market" deployment of antimony in the U.S.

Contact: Beverly Jedynak , beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/locksley-names-industry-veterans-ceo-and-coo-to-fast-track-its-us-mine-to-market-effort-302566544.html

SOURCE Locksley Resources

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 Meters  Within 2.19 g/t AuEq Over 56.4 Meters  at the Limousine Butte Project, Nevada

NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 Meters Within 2.19 g/t AuEq Over 56.4 Meters at the Limousine Butte Project, Nevada

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce further significant historic oxide gold-antimony ("Antimony", "Sb") results at its Limousine Butte Project (the "Project", "Limo Butte") in Nevada. The Company continues to expand the gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world's prolific mining jurisdictions.

Key Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lahontan Gold Corp.

Lahontan Gold Corp. Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News