STOCK TITAN

FIREFOX GOLD CORP - FFOXF STOCK NEWS

Welcome to our dedicated page for FIREFOX GOLD news (Ticker: FFOXF), a resource for investors and traders seeking the latest updates and insights on FIREFOX GOLD stock.

FireFox Gold Corp (TSXV:FFOX)(OTCQB:FFOXF) is a leading gold exploration company focused on exploring and developing high-potential gold projects in Finland. The company has been actively exploring for gold in Finland since 2017, where it holds a diverse portfolio of prospective ground. With a strong mining law and a long mining tradition, Finland is known to be an underexplored region for gold, making it an attractive investment jurisdiction. FireFox Gold Corp aims to leverage its technical expertise and strategic partnerships to unlock the full potential of its gold exploration properties in Finland.

Rhea-AI Summary

FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) has announced results from its summer exploration program and plans for additional work at its Mustajärvi and Jeesiö projects in northern Finland. Key highlights include:

1. Discovery of a new gold prospect at Mustajärvi with rock chip samples of 4.82 and 4.41 g/t gold.

2. Planned trenching campaign at Mustajärvi East to follow up on last year's success.

3. Detailed ground magnetics at Jeesiö revealing potential gold-related structures.

4. Trenching and base-of-till sampling planned for prospective areas at Jeesiö.

The company aims to expand the footprint of gold mineralization at Mustajärvi and further explore promising targets at Jeesiö. Winter drilling programs are planned for both projects.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.08%
Tags
none
-
Rhea-AI Summary

FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) has completed the second and final tranche of its non-brokered private placement, raising gross proceeds of $1,395,250 by issuing 27,905,000 units at $0.05 per unit. Each unit includes one common share and one warrant exercisable at $0.08 for three years. The proceeds will fund mineral exploration in northern Finland and working capital. Notable participants include company directors and officers (1,350,000 units), Agnico Eagle Mines (3,085,000 units), and Crescat Portfolio Management. New investors purchased 57% of the offering (15,870,000 units). FireFox will pay $19,950 in cash finders fees and issue 399,000 finders warrants.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.06%
Tags
private placement
-
Rhea-AI Summary

FireFox Gold Corp. (TSX.V:FFOX)(OTCQB:FFOXF) has completed the first tranche of its non-brokered private placement, raising $456,000 by issuing 9,120,000 units at $0.05 per unit. Each unit includes one common share and one warrant exercisable at $0.08 for three years. The company plans to use the proceeds for mineral exploration in northern Finland and working capital. Insiders purchased 250,000 units, constituting a related party transaction. FireFox will pay $19,950 in finder's fees and issue 399,000 finder's warrants. A second tranche is expected to close by August 9th, 2024, with additional insider participation anticipated.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
Tags
private placement
Rhea-AI Summary

FireFox Gold Corp. (TSX.V:FFOX) (OTCQB:FFOXF) announced a non-brokered private placement aiming to raise up to $2,000,000. The placement involves issuing up to 40 million units at $0.05 per unit. Each unit includes one common share and one common share purchase warrant, exercisable at $0.08 per share for three years. Proceeds will fund exploration projects in Finland and general working capital. As of now, FireFox has 175.4 million shares, 57.1 million warrants, and 15.7 million options outstanding. The private placement is expected to close by July 12, 2024, with a four-month hold period for issued shares. Additionally, FireFox completed a shares-for-services transaction, issuing 490,851 common shares at $0.08 each to Agentis Capital Mining Partners for advisory services, valued at $39,268.08. These shares also have a four-month hold period, expiring on September 28, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
private placement
-
Rhea-AI Summary
FireFox Gold Corp. appoints Robb McNaughton to its board of directors and retains Agentis Capital Mining Partners for financial advisory. McNaughton brings extensive legal and corporate experience, particularly in M&A and capital markets. Agentis specializes in exploration and mining advisory services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
management
-
Rhea-AI Summary
FireFox Gold Corp. (FFOXF) will be attending PDAC 2024 to showcase its Mustajärvi gold project in Lapland, Finland. Shareholders and interested parties are invited to visit Booth No. 2932 in the Investors Exchange and Booth 3107B during Session B.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.54%
Tags
none
Rhea-AI Summary
FireFox Gold Corp. reports positive drilling results from Mustajärvi Gold Project in Lapland, Finland. The program focused on extending the high-grade gold zone at the East Target, with significant gold intercepts found at depths exceeding 250 meters. Five out of six drill holes encountered substantial gold mineralization, showcasing expansion opportunities. CEO Carl Lofberg expressed optimism about the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.69%
Tags
none
-
Rhea-AI Summary
FireFox Gold Corp. completes a successful drilling campaign at the Mustajärvi Gold Project in Lapland, Finland, identifying high-grade gold zones and new gold mineralization areas. The company secures exploration permits for three new tenement blocks, enhancing its exploration potential in the Central Lapland Greenstone Belt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
-
Rhea-AI Summary
FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) closed a non-brokered private placement of 22,507,840 units at $0.075 per unit, generating $1,688,088. The company entered into an earn-in agreement with Agnico Eagle Mines Limited for the Kolho Property in Finland. Agnico will own 10.9% of the company's common shares on a non-diluted basis and 19.6% on a partially-diluted basis. Crescat Portfolio Management LLC also participated in the private placement, owning 17.8% of the company's common shares on a non-diluted basis and 21.5% on a partially-diluted basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
61.02%
Tags
none
Rhea-AI Summary
FireFox Gold Corp. completes first tranche of Private Placement, raising $323,499.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.08%
Tags
none

FAQ

What is the current stock price of FIREFOX GOLD (FFOXF)?

The current stock price of FIREFOX GOLD (FFOXF) is $0.02631 as of October 15, 2024.

What is the market cap of FIREFOX GOLD (FFOXF)?

The market cap of FIREFOX GOLD (FFOXF) is approximately 7.4M.

Where is FireFox Gold Corp focused on exploring for gold?

FireFox Gold Corp is primarily focused on exploring for gold in Finland since 2017, where it holds a diverse portfolio of prospective ground.

What makes Finland an attractive investment jurisdiction for gold exploration?

Finland is known for having a strong mining law and a long mining tradition, making it an underexplored region for gold with high prospectivity.

What is FireFox Gold Corp's strategic approach to unlocking the potential of its gold exploration properties?

FireFox Gold Corp aims to leverage its technical expertise and strategic partnerships to maximize the value of its gold exploration properties in Finland.

What can investors expect from FireFox Gold Corp's presence at the PDAC 2024 conference?

Investors and stakeholders can meet FireFox's management and technical team at Booth No. 2932 in the Investors Exchange at PDAC 2024. The company will also have a Core Shack display at Booth 3107B showcasing drill core from its Mustajärvi gold project.

FIREFOX GOLD CORP

OTC:FFOXF

FFOXF Rankings

FFOXF Stock Data

7.36M
138.60M
16.33%
34.24%
Gold
Basic Materials
Link
United States of America
Vancouver