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. (TSXV: LG) (OTCQB: LGCXF) 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 significant capital infusion comes at a critical time for the company's Nevada mining operations and signals robust investor support for its development strategy.
The proceeds will be directed toward funding exploration and mine development activities at the company's Nevada projects, specifically targeting the Santa Fe and West Santa Fe sites located within the prolific Walker Lane gold belt. This financial boost ensures Lahontan Gold remains fully financed for its fall drilling programs while simultaneously tightening the company's share structure to support future growth initiatives.
Chief Executive Officer Kimberly Ann emphasized that the warrant and option exercises demonstrate strong shareholder confidence in the company's direction and operational plans. The timing of this capital injection is particularly important as the company advances its flagship Santa Fe Mine project, which has a substantial mineral resource base. According to the company's technical disclosure, the Santa Fe Mine contains a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent.
The Santa Fe Mine project has a significant production history, having yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The company's current strategy involves advancing the Santa Fe Mine project toward production, updating the Santa Fe Preliminary Economic Assessment, and conducting drill testing at its satellite West Santa Fe project during 2025.
For additional technical details, investors can review the full press release which provides comprehensive information about the company's resource calculations and development plans. The technical content has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who serves as a Qualified Person as defined in National Instrument 43-101 standards.
This capital raise represents a significant milestone for junior mining companies operating in Nevada, demonstrating that well-positioned exploration companies can secure substantial funding even in challenging market conditions. The successful warrant and option exercises suggest growing investor optimism about gold exploration in established mining districts like the Walker Lane belt, which has historically produced significant precious metal discoveries.
The financial strengthening positions Lahontan Gold to accelerate its exploration activities during the favorable fall weather conditions in Nevada, potentially leading to new discoveries and resource expansion. For ongoing updates and additional company information, the corporate website at www.lahontangoldcorp.com provides comprehensive details about the company's projects and corporate developments.
Curated from InvestorBrandNetwork (IBN)
