Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has accelerated the expiry date of common share purchase warrants originally issued on April 30, 2025, as part of a non-brokered private placement. This action was triggered after the company's shares traded at or above a volume-weighted average price (VWAP) of C$0.12 for ten consecutive trading days ending September 4, 2025.
Warrant holders must now exercise their options by 5 p.m. Toronto time on October 21, 2025, or the warrants will expire worthless. The exercise process requires submission of warrant certificates, exercise forms, and payment to Irwin Lowy LLP in Toronto. This development is significant for investors and the company as it could result in immediate capital infusion if warrant holders choose to exercise their options.
The acceleration of warrant expiry reflects strong market performance and investor confidence in Lahontan Gold's operations. The company holds four gold and silver exploration properties in Nevada's Walker Lane region, with its flagship Santa Fe Mine project having historical production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. According to the company's technical disclosure available at https://ibn.fm/HXAzX, the Santa Fe Mine contains indicated mineral resources of 1,539,000 gold equivalent ounces and inferred resources of 411,000 gold equivalent ounces.
For investors seeking ongoing updates, the company maintains a newsroom at http://ibn.fm/LGCXF where additional information about corporate developments and project advancements is available. The warrant acceleration comes as Lahontan Gold plans to advance the Santa Fe Mine project toward production, update its preliminary economic assessment, and conduct drilling at its West Santa Fe satellite project during 2025.
The technical content of the company's disclosures has been reviewed and approved by Michael Lindholm, CPG, an independent consulting geologist and Qualified Person as defined in National Instrument 43-101. The mineral resources are reported using specific cut-off grades and metal price assumptions, with detailed methodology available in the company's technical report dated January 24, 2025.
