Welcome to our dedicated page for Relevant Gold news (Ticker: RGCCF), a resource for investors and traders seeking the latest updates and insights on Relevant Gold stock.
Relevant Gold Corp. is a North American gold exploration company known for its strategic acquisitions, exploration efforts, and district-scale gold projects in Wyoming. With a primary focus on the South Pass Gold Field, the company has made significant achievements, including the acquisition of 88 BLM mining claims, establishment of a successful Purchase Agreement with Golden Buffalo Mining Company, and the recent gold assay results from the Heavy Hand target at the Lewiston Project. The company's strong technical team, led by CEO Rob Bergmann and CXO Brian Lentz, has been instrumental in driving Relevant Gold's success and positioning it as a leading player in the gold exploration sector.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) has increased its non-brokered private placement to $8.5 million, issuing 28,447,333 common shares at $0.30 per share. The first tranche of 4,920,000 shares ($1,476,000) closed on February 28, 2025, with a 6% finder's fee of $9,900.
Strategic investors Kinross Gold and William G. Bollinger have each agreed to purchase shares in the second tranche, which will give them each a 19.9% stake in the company. Kinross will acquire 15,410,000 shares and Bollinger 8,070,000 shares.
The proceeds will fund exploration activities at the company's Wyoming projects and general working capital. Both investors will receive participation rights, information rights, and board nomination rights through investor rights agreements.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) has increased its previously announced non-brokered private placement to raise $7 million through the issuance of 23,333,333 shares at $0.30 per share. The proceeds will fund exploration activities at the company's projects in Wyoming, USA, and general working capital.
The private placement may include participation from company directors and officers, qualifying as a 'related party transaction' under MI 61-101, but exempt from formal valuation and minority shareholder approval requirements. The company may pay finder's fees, and the placement requires TSX Venture Exchange approval. Securities issued will have a four-month hold period, with closing anticipated in late February 2025.
Relevant Gold Corp (TSXV:RGC)(OTCQB:RGCCF) has announced a non-brokered private placement to raise $5 million through the sale of 16,666,667 shares at $0.30 per share. The placement is led by two strategic investors: Kinross Gold , which will increase its stake to 19.9% from current 9.9%, and William G. Bollinger, who will increase his position to 19.9% from 16.7%.
The proceeds will fund exploration activities at the Company's projects in Wyoming, USA, and general working capital. The company plans to launch a major drill program in 2025 following promising exploratory results from the previous year. The private placement is expected to close in late February 2025, subject to regulatory approvals, with securities subject to a four-month hold period.
Relevant Gold Corp. (RGCCF) had a transformative 2024 marked by strategic investments and technical achievements. Key highlights include Kinross Gold's acquisition of a 9.9% interest and William Bollinger increasing his position to 16.67%. The company identified a ~200 km belt-scale feature connecting its projects and discovered a 100 km² anomaly at Bradley Peak.
The Apex Zone at Bradley Peak showed promising results with rock chip samples of 46.8 g/t Au, 7.8% Cu, and 2% Zn. Drilling at Lewiston revealed a large orogenic gold system, with 16 of 17 drill holes intersecting gold mineralization, including results of 2.2 g/t Au over 1.5m.
For 2025, the company plans to initiate a 5,000m drilling program at the Apex Zone, conduct advanced geophysical surveys, and expand exploration across its 20,000+ hectare portfolio. The company also reduced its property burn rate by 30% through strategic acquisitions.
Relevant Gold Corp. announces final results from its 2024 geologic mapping and rock chip sampling program at its Bradley Peak Gold Camp in Wyoming. The program revealed widespread high-grade gold and copper mineralization, refining three previously identified targets and revealing three new ones. Highlights include:
- Apex Zone: Best results of 46.8 g/t Au, 7.8% Cu and 2% Zn from multiple 2-6m+ vein exposures within a >200m wide structural zone traceable for over 2.5 kilometers
- Three new exploration targets discovered: Lost Mine, Olmeh, and East Limb
- 557 rock chip samples collected, with approximately 7% yielding significant results
The company is now planning and permitting a robust 2025 drilling program at Apex, combining these results with previous data and advanced geophysics.
Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) has doubled its land position at the Bradley Peak Gold Camp in Wyoming, USA. The company added ~2,102 hectares through 38 BLM lode mining claims and 16 Wyoming state mineral leases, bringing the total project area to ~4,391 hectares. Recent assay results, geology mapping, and geophysics highlight high-grade district-scale gold targets with potential for Abitibi-style gold mineralization.
The company's 2023 reconnaissance program identified 3 district-scale target areas with high-grade gold, silver, and copper associated with multi-kilometre shear zone structures. Initial results from the 2024 mapping and sampling program showed high-grade mineralization, including 46.8 g/t Au and 2.44% Cu. Relevant Gold is now defining high-quality drilling targets and anticipates results from its second batch of 2024 samples soon.
Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) has completed a detailed geologic mapping and rock sampling program at Bradley Peak, reporting high-grade assays of 46.8 g/t Au and 2.44% Cu. The company collected 557 rock chip samples, with batch one consisting of 356 samples. The program aims to define high-grade drilling targets at the Bradley Peak Gold Camp for the 2025 drilling season.
Key findings include:
- Identification of unmapped shear zones with complex quartz/carbonate vein arrays
- Discovery of historic mine workings not previously mapped
- Confirmation of a large complex assemblage of metamorphic rocks analogous to Abitibi-style greenstone belt
The company's CEO, Rob Bergmann, expressed optimism about the results and the potential of the Bradley Peak Gold Camp.
Relevant Gold has concluded a non-brokered private placement of 5,100,000 Units at $1,530,000 with Kinross Gold. This financing completes all pending placements, raising a total of $2,975,325, surpassing the initial $2,500,000 target. Each Unit includes one common share and half a warrant, exercisable at $0.35 per share for 24 months. Funds will support exploration in Wyoming and general working capital. Kinross now holds approximately 9.9% of Relevant Gold's common shares on a partially diluted basis. An Investor Rights Agreement allows Kinross to maintain or increase its holdings and join a technical advisory committee. The statutory hold period for Kinross' Units ends on November 9, 2024. Relevant Gold aims to capitalize on Wyoming's rising status as a premier mining jurisdiction.
Relevant Gold Corp. (TSXV:RGC, OTCQB:RGCCF) announced a $1,530,000 private placement investment by Kinross Gold The financing involves 5,100,000 units priced at $0.30 per unit, each consisting of one common share and a half-share purchase warrant. The warrants are exercisable at $0.35 for 24 months. Post-placement, Kinross will hold 9.9% of Relevant Gold's shares on a partially diluted basis. An Investor Rights Agreement grants Kinross rights to future financing participation and a potential increase in ownership to 19.9%. Proceeds will fund Wyoming exploration projects and working capital. The closing is contingent on TSX Venture Exchange approval.
Relevant Gold Corp. (TSXV:RGC, OTCQB:RGCCF) announced the successful closing of the first tranche of its non-brokered private placement, raising $1,445,325 CAD by issuing 5,781,300 units at $0.25 per unit. Each unit includes one common share and a half share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.35, expiring in 24 months. The proceeds will fund exploration activities in Wyoming and general working capital. Relevant Gold directors and management participated, purchasing 552,800 units. A second tranche is expected to close in early July 2024.
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