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Gold Mtn Mng - GMTNF STOCK NEWS

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Gold Mountain Mining Corp. (GMTNF) is a British Columbia-based gold and silver production, exploration, and development company focused on the Elk Gold Project, located 57 KM from Merritt in South Central British Columbia. The company has recently faced challenges with contractors and debt repayment, while also undergoing changes in its executive team.

Despite financial difficulties and legal issues, Gold Mountain remains committed to its mining operations and is actively seeking solutions to overcome its current challenges. The company's new Chief Financial Officer, Mr. Calvin Cheung, brings over 20 years of financial experience, aiming to steer the company towards stability and growth.

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Gold Mountain Mining (TSX:GMTN, OTCQB:GMTNF) has completed a non-brokered private placement of 22,000,000 flow-through common shares at $0.055 per share, raising gross proceeds of $1,210,000. The funds will be used for Canadian exploration expenses at the company's Elk Gold Project in Merritt, British Columbia, qualifying as flow-through mining expenditures.

The company will pay $84,700 in finder's fees and issue 1,540,000 non-transferable share purchase warrants, exercisable at $0.055 per share for 24 months. BC residents investing in these flow-through shares can claim a 20% provincial non-refundable tax credit on BC flow-through mining expenditures. The Qualifying Expenditures must be incurred by December 31, 2025, and renounced to subscribers by December 31, 2024.

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Gold Mountain Mining Corp (TSX:GMTN, OTCQB:GMTNF) has reported its Q3 2025 financial results, with gold sales of 256 oz from 9,959 tonnes delivered at an average grade of 0.94 g/t. The company recorded revenue of $594,404 with an average realized gold price of $2,290 per ounce. Key financial metrics include a mine operating loss of $2,007,251 and a net loss of $1,756,363.

Operational highlights show total mining of 674,085 tonnes with a strip ratio of 66.7. The company raised $6,500,000 through a convertible secured debenture issuance, convertible into 81,250,000 common shares at $0.08 per share, with a 10% annual interest rate and 10-year maturity.

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Gold Mountain Mining (TSX:GMTN, OTCQB:GMTNF) has announced a non-brokered private placement of up to 27,272,727 flow-through common shares at $0.055 per share, aiming to raise up to $1.5 million. The proceeds will fund exploration at the Elk Gold Project in Merritt, British Columbia.

The company will use the funds for Canadian exploration expenses, qualifying as flow-through mining expenditures. These expenditures will be incurred by December 31, 2025, and renounced to subscribers by December 31, 2024. BC residents investing in these shares can claim a 20% provincial non-refundable tax credit on BC flow-through mining expenditures.

A finder's fee of 7% cash and 7% warrants (exercisable at $0.055 per share for 24 months) will be paid to eligible finders.

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Gold Mountain Mining Corp. (TSX:GMTN, OTCQB:GMTNF) reported its Q2 2025 financial and operating results. Key highlights include:

  • Gold sales of 114oz from 3,877 tonnes delivered, grading at 1.25 g/t
  • Revenue of $105,012 with an average realized gold price of $897 per ounce
  • Mine operating loss of $1,167,618
  • Net loss of $2,171,099 or $0.00 per share
  • Adjusted EBITDA of ($1,337,101)
  • Total Cash Costs per ounce sold of $10,041
  • Strip ratio of 22.8

The company is implementing improvements to increase production outputs and has secured $6.5 million in operational funding through a convertible debenture. Gold Mountain is also working with Indigenous Communities to address concerns about future mining plans.

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Gold Mountain Mining Corp. (TSX:GMTN)(OTCQB:GMTNF) has successfully closed a $6.5 million financing through the issuance of a convertible secured debenture to a choomEEnsh a Nlaka'pamux LP. The debenture is convertible into 81,250,000 common shares at $0.08 per share, matures in 10 years, and carries a 10% annual interest rate. This transaction involves insider participation, with the investor being an affiliate of Nhwelmen Construction GP , an existing insider owning 27.30% of the company's shares. The financing required and obtained shareholder approval due to its size and insider involvement. Assuming full conversion, Nhwelmen and its affiliates would own 34.05% of the company's common shares.

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Gold Mountain Mining Corp. (TSX:GMTN)(OTCQB:GMTNF) announced a $6.5 million financing through a convertible secured debenture issued to choomEEnsh a Nlaka'pamux LP. The debenture is convertible into 81,250,000 common shares at $0.08 per share, matures in 10 years, and carries a 10% annual interest rate. The investor is affiliated with Nhwelmen Construction, an existing insider owning 27.30% of the company. This transaction requires TSX approval and written evidence from over 50% of disinterested shareholders. The financing aims to improve the company's financial position, as determined by a special committee of independent directors.

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Gold Mountain Mining Corp. (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) has announced the closing of debt settlement transactions involving Nhwelmen Construction Partnership. The company settled $6.5 million in secured debt by issuing 50,000,000 common shares worth $1.5 million and a $5 million convertible debenture. The debenture can be converted into 62,500,000 shares at $0.08 per share, matures in four years, and accrues 12% interest annually. Additionally, Gold Mountain converted $1,700,660 of unsecured debt into 56,688,667 common shares for other vendors. Upon full conversion, 169,188,667 shares will be issued, equating to 24.63% of the total outstanding shares. Nhwelmen, now holding 35.18% of shares post-conversion, is classified as an insider. The transactions are aimed at improving Gold Mountain's financial position and have received approval from the Toronto Stock Exchange.

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Gold Mountain Mining has reached an agreement to settle its $6.5 million debt with Nhwelmen Construction. Nhwelmen will receive 50 million common shares for $1.5 million of this debt and a $5 million convertible debenture, which can be converted into 62.5 million shares at $0.08 each. The debenture matures in four years with an annual interest rate of 12%. Additionally, Gold Mountain plans to approach unsecured vendors to convert up to $1.7 million in debt into shares. These transactions could result in dilution, increasing Nhwelmen's ownership to 32.61% if fully converted. These steps are part of the company's efforts to improve its financial stability.

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Gold Mountain Mining Corp. appoints Nadine Hoehne, a graduate of the University of British Columbia, to its Board of Directors. Hoehne brings over 20 years of experience in major projects across various industries. She specializes in building relationships between Indigenous communities, government entities, and industries while respecting Indigenous rights and finding mutually beneficial solutions. Hoehne will focus on strategic planning, recovery, and expansion at Gold Mountain. In other news, Keith Minty resigns from the Board of Directors. Gold Mountain is a BC-based gold and silver production company with a focus on developing the Elk Gold Mine.

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Gold Mountain Mining Corp. appoints Hugh Behroozy to its Board of Directors, bringing entrepreneurial experience in funding and building businesses across various industries. Mr. Behroozy's expertise in systems integration, 3D modeling, and artificial intelligence will aid in understanding the Elk project's ore-body and predictive modeling development. This strategic move enhances the company's governance and operational capabilities.

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FAQ

What is the current stock price of Gold Mtn Mng (GMTNF)?

The current stock price of Gold Mtn Mng (GMTNF) is $0.0164 as of February 21, 2025.

What is the market cap of Gold Mtn Mng (GMTNF)?

The market cap of Gold Mtn Mng (GMTNF) is approximately 13.7M.

Where is Gold Mountain Mining Corp. based?

Gold Mountain is a British Columbia-based company with operations in South Central British Columbia.

What is the focus of Gold Mountain's operations?

The company is focused on gold and silver production, exploration, and development, primarily centered around the Elk Gold Project.

Who is the new Chief Financial Officer of Gold Mountain?

Mr. Calvin Cheung has been appointed as the new CFO, bringing extensive financial and accounting experience to the company.

What recent challenges has Gold Mountain faced?

Gold Mountain has dealt with issues related to contractors, debt repayment, and legal notifications, impacting its operations and financial condition.

How is Gold Mountain addressing its financial difficulties?

The company is actively working on debt settlements with creditors, including the issuance of shares and convertible debentures, aiming to improve its financial position.
Gold Mtn Mng

OTC:GMTNF

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13.73M
433.41M
46.86%
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