FAQ: Lahontan Gold Corp's C$4.3 Million Warrant and Option Exercises
Summary
Lahontan Gold Corp received C$4.3 million from warrant and option exercises between July and October 2025, demonstrating strong shareholder confidence and fully financing the company's fall drilling programs while tightening its share structure for future growth.
What is the main announcement from Lahontan Gold Corp?
Lahontan Gold Corp received C$4,316,948 from the exercise of warrants and stock options between July 4 and October 23, 2025, resulting in 334,420,221 common shares outstanding.
Why is this funding important for the company?
The proceeds will fund exploration and mine development at the company’s Nevada projects, including the Santa Fe and West Santa Fe sites, and fully finance Lahontan’s fall drilling programs.
How does this demonstrate shareholder confidence?
CEO Kimberly Ann stated that the warrant and option exercises demonstrate strong shareholder confidence in the company and help tighten the share structure for future growth.
Where will the funds be specifically allocated?
The funds will be used for exploration and mine development at the company’s Nevada projects in the Walker Lane gold belt, particularly the Santa Fe and West Santa Fe sites.
What is Lahontan Gold Corp’s flagship property?
Lahontan’s flagship property is the 26.4 km² Santa Fe Mine project in Nevada, which had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.
What are the mineral resources at the Santa Fe Mine project?
The Santa Fe Mine has an Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained according to NI 43-101 standards.
What are the company’s plans for 2025?
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.
Where can investors find more information about Lahontan Gold Corp?
For more information, investors can visit the company’s website at www.lahontangoldcorp.com or access the latest news and updates at http://ibn.fm/LGCXF.
Who approved the technical content of this announcement?
The technical content was reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp, who is a Qualified Person as defined in National Instrument 43-101.
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