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.
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. This significant capital infusion resulted in 334,420,221 common shares outstanding and represents a strong vote of confidence from the company's shareholders. The timing of these exercises positions Lahontan Gold with complete funding for its upcoming exploration activities during the critical fall drilling season.
The proceeds will be directed toward exploration and mine development 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 strategic allocation of funds underscores the company's commitment to advancing its mineral properties in one of North America's most promising gold districts. The Walker Lane belt has historically produced significant gold deposits, making Lahontan's properties particularly valuable in the current mining landscape.
CEO Kimberly Ann emphasized that the warrant and option exercises demonstrate strong shareholder confidence in the company's direction and prospects. The financial backing leaves Lahontan fully financed for its fall drilling programs while simultaneously tightening the company's share structure, which could enhance shareholder value and provide a stronger foundation for future growth initiatives. This capital raise occurs without the dilution typically associated with traditional financing rounds, making it an efficient method of securing necessary exploration funding.
The Santa Fe Mine project, Lahontan's flagship property covering 26.4 square kilometers, has a substantial historical production record of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. Current mineral resources at Santa Fe include a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces gold equivalent and an Inferred Mineral Resource of 411,000 ounces gold equivalent. These resources are pit-constrained and represent significant potential for future production. Additional technical details about the Santa Fe Project are available in the Preliminary Economic Assessment, NI 43-101 Technical Report dated January 24, 2025.
For investors seeking ongoing updates, the company maintains a newsroom at http://ibn.fm/LGCXF where the latest developments are regularly posted. The successful capital raise through warrant and option exercises positions Lahontan Gold to aggressively pursue its 2025 objectives, including advancing the Santa Fe Mine project toward production, updating the Santa Fe Preliminary Economic Assessment, and conducting drill testing at the satellite West Santa Fe project. This financial strengthening comes at a crucial time for the junior mining sector, where well-funded companies with proven assets have distinct advantages in advancing projects through development stages.
Curated from InvestorBrandNetwork (IBN)