Strategic Investors Crescat Capital and Mr. Rob McEwen Participate In $3,157,193 Exercise Of Goliath Resource Warrants
Goliath Resources (GOTRF) has received $3,157,193 from warrant exercises since January 2025, with strategic investors Crescat Capital (~14.4%) and Rob McEwen (~3.9%) participating. An additional $6,377,964 in deep-in-the-money warrants remain outstanding with an average strike price of $0.65, expiring by December 29, 2025. Of this amount, $3,601,475 in warrants with an average strike price of $0.68 will expire by May 16, 2025.
The company's Golddigger Property, spanning 91,518 hectares in British Columbia's Golden Triangle, is situated within 3 kilometers of the Red Line. The Surebet discovery shows promising metallurgy with 92.2% gold recoveries, including 48.8% as free gold from gravity alone, requiring no cyanide processing. The property benefits from strategic location and infrastructure, including tide water access and proximity to Alice Arm and Kitsault communities.
Goliath Resources (GOTRF) ha ricevuto $3,157,193 da esercizi di warrant dal gennaio 2025, con investitori strategici come Crescat Capital (~14,4%) e Rob McEwen (~3,9%) che hanno partecipato. Rimangono in circolazione ulteriori $6,377,964 in warrant profondamente in-the-money con un prezzo di esercizio medio di $0,65, in scadenza entro il 29 dicembre 2025. Di questa somma, $3,601,475 in warrant con un prezzo di esercizio medio di $0,68 scadranno entro il 16 maggio 2025.
La Golddigger Property dell'azienda, che si estende su 91,518 ettari nel Golden Triangle della Columbia Britannica, si trova a meno di 3 chilometri dalla Red Line. La scoperta di Surebet mostra una metallurgia promettente con recuperi d'oro del 92,2%, inclusi il 48,8% come oro libero solo dalla gravità, senza necessità di processi di cianuro. La proprietà beneficia di una posizione strategica e di infrastrutture, inclusi accesso all'acqua di marea e vicinanza alle comunità di Alice Arm e Kitsault.
Goliath Resources (GOTRF) ha recibido $3,157,193 de ejercicios de warrants desde enero de 2025, con inversores estratégicos como Crescat Capital (~14,4%) y Rob McEwen (~3,9%) participando. Quedan pendientes $6,377,964 en warrants profundamente in-the-money con un precio de ejercicio promedio de $0,65, que expiran antes del 29 de diciembre de 2025. De esta cantidad, $3,601,475 en warrants con un precio de ejercicio promedio de $0,68 expirarán antes del 16 de mayo de 2025.
La Golddigger Property de la empresa, que abarca 91,518 hectáreas en el Golden Triangle de Columbia Británica, se encuentra a menos de 3 kilómetros de la Red Line. El descubrimiento de Surebet muestra una metalurgia prometedora con recuperaciones de oro del 92,2%, incluyendo el 48,8% como oro libre solo por gravedad, sin necesidad de procesamiento de cianuro. La propiedad se beneficia de una ubicación estratégica y de infraestructura, incluyendo acceso a aguas de marea y proximidad a las comunidades de Alice Arm y Kitsault.
Goliath Resources (GOTRF)는 2025년 1월 이후로 보증서 행사로부터 $3,157,193을 받았으며, 전략적 투자자인 Crescat Capital(~14.4%)와 Rob McEwen(~3.9%)이 참여했습니다. 추가로 $6,377,964의 깊은 인더머니 보증서가 남아 있으며, 평균 행사가격은 $0.65이고, 2025년 12월 29일까지 만료됩니다. 이 금액 중 $3,601,475의 보증서가 평균 행사가격 $0.68로 2025년 5월 16일까지 만료됩니다.
회사의 Golddigger Property는 브리티시컬럼비아의 골든 트라이앵글 지역에 91,518 헥타르에 걸쳐 있으며, Red Line에서 3킬로미터 이내에 위치해 있습니다. Surebet 발견은 92.2%의 금 회수율을 보여주는 유망한 금속 공정을 보여주며, 그 중 48.8%는 중력만으로 얻은 자유 금입니다. 시안화 처리 없이도 가능합니다. 이 부지는 전략적 위치와 인프라, 조수 접근 및 Alice Arm과 Kitsault 커뮤니티와의 근접성 덕분에 혜택을 보고 있습니다.
Goliath Resources (GOTRF) a reçu 3 157 193 $ d'exercices de bons de souscription depuis janvier 2025, avec des investisseurs stratégiques tels que Crescat Capital (~14,4%) et Rob McEwen (~3,9%) participant. Un montant supplémentaire de 6 377 964 $ en bons de souscription profondément in-the-money reste en circulation avec un prix d'exercice moyen de 0,65 $, expirant d'ici le 29 décembre 2025. De ce montant, 3 601 475 $ en bons de souscription avec un prix d'exercice moyen de 0,68 $ expireront d'ici le 16 mai 2025.
La Golddigger Property de l'entreprise, s'étendant sur 91 518 hectares dans le Golden Triangle de la Colombie-Britannique, se situe à moins de 3 kilomètres de la Red Line. La découverte de Surebet montre une métallurgie prometteuse avec des récupérations d'or de 92,2 %, dont 48,8 % sous forme d'or libre uniquement par gravité, sans nécessiter de traitement au cyanure. La propriété bénéficie d'un emplacement stratégique et d'infrastructures, y compris l'accès aux eaux de marée et la proximité des communautés d'Alice Arm et de Kitsault.
Goliath Resources (GOTRF) hat seit Januar 2025 $3,157,193 aus der Ausübung von Warrants erhalten, wobei strategische Investoren wie Crescat Capital (~14,4%) und Rob McEwen (~3,9%) beteiligt sind. Zusätzlich bleiben $6,377,964 an tief im Geld liegenden Warrants ausstehend, mit einem durchschnittlichen Ausübungspreis von $0,65, der bis zum 29. Dezember 2025 ausläuft. Von diesem Betrag werden $3,601,475 an Warrants mit einem durchschnittlichen Ausübungspreis von $0,68 bis zum 16. Mai 2025 auslaufen.
Die Golddigger Property des Unternehmens erstreckt sich über 91.518 Hektar im Golden Triangle von British Columbia und befindet sich weniger als 3 Kilometer von der Red Line entfernt. Die Surebet-Entdeckung zeigt vielversprechende Metallurgie mit einer Goldausbeute von 92,2%, darunter 48,8% als freies Gold nur durch Schwerkraft, ohne dass eine Cyanidverarbeitung erforderlich ist. Das Grundstück profitiert von einer strategischen Lage und Infrastruktur, einschließlich Zugang zu Gezeitenwasser und Nähe zu den Gemeinschaften Alice Arm und Kitsault.
- Strategic investors Crescat Capital and Rob McEwen demonstrate confidence through warrant exercise participation
- $3,157,193 raised through warrant exercises strengthens company's financial position
- Potential for additional $6,377,964 from remaining warrant exercises in 2025
- Strong metallurgical results with 92.2% gold recovery and no cyanide requirement
- Strategic property location with excellent infrastructure and access
- Potential dilution from remaining warrant exercises worth $6,377,964
Warrant Highlights:
$6,377 964 of warrants are still outstanding and deep in the money with an average strike price of$0.65 will all expire this year on or before December 29, 2025; TSXV close yesterday was$1.82 .- Included in the total dollar amount above,
$3,601,475 of these warrants have an average strike price of$0.68 and will all expire in the next few months on or before May 16, 2025. - Additional funds further strengthen Goliath’s already solid financial position.
TORONTO, March 21, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report strategic investors Crescat Capital owning ~
There still remains a total of 6,377,964 warrants outstanding that are deep in the money representing a total of
Roger Rosmus, Founder and CEO of Goliath, states: “We wish to thank the continued support of our strategic shareholders inclusive of Crescat Capital and Mr. Rob McEwen as well as our long-term shareholders for their early exercises of warrants. The funds received so far as well as the potential for additional funds of
Golddigger Property
The Golddigger Property is
The Surebet discovery has exceptional continuity and excellent metallurgy with gold recoveries of
The Property is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.
Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the east of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport.
About the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM)
Goliath is a paying member and active supporter of CASERM, an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech aimed at transforming the way that geoscience data is used in the mineral resource industry. Research focuses on the integration of diverse geoscience data to improve decision making
Qualified Person
Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is also a director of the Company.
Option and RSU Grant
The Company has granted a total of 2,600,000 stock options for a five-year period to advisors and consultants priced at 1.88 per share. Goliath has also granted an aggregate of 2,350,000 restricted share units to officers, directors and a consultant of the Company, which will vest equally over three years, with first vesting occurring after one year. The grant of the options and restricted share units are subject to the Company's omnibus equity incentive plan.
About Goliath Resources Limited
Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), Mr. Rob McEwen, a Global Commodity Group based in Singapore, Mr. Eric Sprott and Mr. Larry Childress.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com
Other
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.
The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.
The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FAQ
How much has Goliath Resources (GOTRF) raised through warrant exercises in 2025?
What is the potential additional funding available to GOTRF through remaining warrants in 2025?
What are the metallurgical results from GOTRF's Surebet discovery?
How much of GOTRF does Crescat Capital own after participating in the warrant exercise?
