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Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) has scheduled a shareholder meeting for March 10, 2025, at 10:00 AM MST to approve the tax-efficient spinout of Gold Orogen. The companies will trade separately 5-10 days after shareholder and TSX-V approval. A private placement is planned to close by March 10, offering units at $0.18 with warrants exercisable at $0.35.
Post spin-off, Gold Orogen will focus on exploration with two key assets: a 99.5 km² property in Yukon's Tombstone Belt with 4 Reduced Intrusive Targets, and a 445 km² package in New Brunswick. Lode Gold will retain the Fremont Gold project on the Mother Lode Belt, featuring 3,351 acres of private patented land with underground mine potential. The project has a 2023 MRE of 1 Moz (M&I) + 2 Moz (Inf) and a PEA showing after-tax NPV (5%) of USD $370M, 31% IRR, and 11-year mine life at $2,000/oz Au.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) has announced a non-brokered financing initiative to raise $1,000,000. The financing structure includes units priced at $0.18, with each unit comprising one common share and one purchase warrant. The warrants allow holders to purchase additional common shares at $0.35 each within a three-year period from closing.
The company intends to use the proceeds for strategic initiatives and business plan execution. The financing is expected to conclude by March 10, 2025, coinciding with the Annual General Meeting where shareholders will vote on the Plan of Arrangement. Notably, Lode Gold shareholders will receive shares in Gold Orogen while maintaining their existing Lode Gold holdings.
Lode Gold Resources (LODFF) has completed phase one exploration in New Brunswick, confirming gold mineralization in rhyolites at McIntyre Brook, consistent with the adjacent Puma/Kinross JV property. The company expanded its land package to 445 km² following positive gold soil anomalies.
Key findings include a HeliTEM² Survey covering 419 km² and trenching results at McIntyre Brook showing 5.3m of 1.19 g/t Au, with a minimum strike extension of 200 metres. The mineralized rhyolite horizon is up to 9-metres thick. At Riley Brook, reconnaissance soil sampling revealed multiple gold anomalies with coincident Antimony, Arsenic, and Tungsten pathfinder elements.
The exploration program confirmed gold-bearing rhyolitic mineralization at McIntyre Brook through trenching and channel sampling, while Riley Brook showed promising geophysical and multi-element geochemical anomalies. Further drill testing is planned after complete 2024 exploration dataset analysis.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) has announced an update to its trading status in the United States. The company's shares have moved from trading on the OTCQB to the OTCQX market, while maintaining the same ticker symbol LODFF. This change became effective on December 10th, 2024. The company continues to trade on the TSX Venture Exchange in Canada under the symbol LOD.V. Current shareholders are not required to take any action regarding this ticker symbol change.
CEO.CA, a leading investor social network focused on junior resource and venture stocks, featured an interview with Lode Gold's CEO Wendy T. Chan in their 'Inside the Boardroom' series. The interview discusses Lode Gold's recent spinout transaction, which has received conditional acceptance from the TSX Venture Exchange.
CEO.CA, established in 2012 and now a subsidiary of EarthLabs, Inc., serves millions of visitors annually as one of Canada's most popular financial websites and apps, offering a platform for global investors to connect and share insights about stocks, commodities, and emerging companies.
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