Lahontan Gold Secures C$4.3 Million Through Warrant and Option Exercises
TL;DR
Lahontan Gold secured C$4.3 million from warrant exercises, fully funding exploration to potentially increase shareholder value through Nevada gold project development.
Lahontan Gold received C$4,316,948 from warrant exercises between July and October 2025, increasing shares to 334,420,221 to fund Santa Fe project drilling.
Lahontan Gold's funded exploration advances responsible mineral development, potentially creating economic opportunities while contributing to sustainable resource management in Nevada communities.
Lahontan Gold's Santa Fe project previously produced 359,202 gold ounces and now holds 1.5 million indicated gold equivalent ounces in Nevada's Walker Lane belt.
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Lahontan Gold Corp. has 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. The substantial capital infusion represents a significant vote of confidence from shareholders and positions the company for accelerated exploration activities. The proceeds will fund exploration and mine development at the company's Nevada projects, including the Santa Fe and West Santa Fe sites located in the Walker Lane gold belt.
CEO Kimberly Ann stated that the exercises demonstrate strong shareholder confidence and leave Lahontan fully financed for its fall drilling programs while tightening the company's share structure for future growth. The successful capital raise through warrant and option exercises rather than traditional equity financing indicates existing shareholder commitment to the company's development strategy. This approach minimizes dilution while providing necessary funding for the company's aggressive exploration schedule in one of North America's most productive gold districts.
Lahontan's flagship property, the 26.4 km² Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine currently holds a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained. For additional technical details, investors can review the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project available through the company's disclosures.
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. This financing milestone comes at a critical time for the company's development timeline. The technical content of the company's disclosures has been 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. More information about the company's operations and technical reports can be found at their corporate communications platform.
Curated from InvestorBrandNetwork (IBN)
