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Lode Gold Resources Inc. (SBMIF) is a Canadian exploration and development company with projects in Yukon and New Brunswick. The company, formerly known as Stratabound Minerals Corp., closed a shares-for-debt transaction and is planning to spin off its Canadian assets into a new public vehicle. Led by CEO Wendy T. Chan and VP Exploration Buddy Doyle, Lode Gold focuses on high-grade gold mineralization in safe mining jurisdictions. The McIntyre Brook Project in New Brunswick, surrounded by Puma Exploration's Williams Brook Project, shows promising results. With strategic plans for growth and restructuring, including non-brokered financings and loan repayments, Lode Gold aims to unlock shareholder value and advance its exploration programs.
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Lode Gold Minerals Corp. (SBMIF) successfully closes the first tranche of its non-brokered private placement, raising $1,422,902.50. Insiders subscribed for 44,516,100 common shares. The company receives an extension to complete the financing by March 15, 2024, with proceeds allocated to various exploration projects.
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Lode Gold Minerals Corp. (SBMIF) successfully closes the first tranche of its non-brokered financing, receiving full participation from board members and management, generating $1,432,652.50 in proceeds. The financing comprises 57,306,100 units at $0.025 per unit, each including a common share and a warrant. The company may accelerate warrant expiry if shares trade at $0.30 for 10 days. The financing is subject to TSXV final approval, with a statutory hold period of four months. Key executives express confidence in the new management team and the company's 2024 plans.
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Lode Gold Minerals Corp. (SBMIF) receives an extension to complete a non-brokered financing of up to $1.5 million, with the Board of Directors participating, subject to TSXV approval.
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Lode Gold Minerals Corp. (SBMIF) appoints Carlos Saban to its Technical Advisory Board to advance the Fremont Gold project in California. Saban's expertise in geological exploration and mineralization systems will help identify new targets at Fremont, with a focus on high-grade ounces. The company also granted a total of 8,333,364 incentive stock options to directors, management, an advisor, and a consultant, each entitling the holder to subscribe for one common share of Lode Gold for $0.05 for a period of 5 years.
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Lode Gold Resources Inc. provides an update on its McIntyre Gold project in the under-explored, world-class 'Appalachian Gold Corridor' ('AGC'). The AGC contains over 20 M ounces of gold resources, and Lode Gold's McIntrye Brook project occupies 17km strike within the prospective Dunnage Gander Terrane, 80 km west of Bathurst, New Brunswick. The company plans to continue and enhance this work as it plans the upcoming exploration season, which will culminate in drilling. The project shares geology with Puma Exploration, and the company aims to unlock the intrinsic value of its three key assets in California, Yukon, and New Brunswick.
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Stratabound Minerals Corp. (SBMIF) has changed its name to Lode Gold Resources Inc. as part of its growth and restructuring plans. The company is considering spinning out its orogenic exploration gold assets into a new company, Gold Orogen. The trading symbol will change to 'LOD' on January 23, 2024. Shareholders do not need to take any action, and their issued certificates will not be affected by the name change.
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Stratabound Minerals Corp. (SBMIF) will be hosting an investor presentation and reception ahead of key mining conferences in Vancouver. The management will be available to meet during the Metals Investor Forum, Vancouver Resource Investment Conference, and AME Roundup. The event will take place on January 19, 2024, at Terminal City Club in Vancouver. The agenda includes a networking session, an investor presentation titled 'Stratabound New Spin Co: Another Snowline? Another New Found Gold?', and a reception with drinks and appetizers. Remote attendees can join via Zoom.
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Stratabound Minerals Corp. (SBMIF) is hosting an investor presentation and reception ahead of key mining conferences in Vancouver. The management will be available to meet during the Metals Investor Forum, Vancouver Resources Investment Conference, and AMEBC's Roundup. The event will take place on January 19th, 2024, at Terminal City Club in Vancouver.
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Stratabound Minerals Corp. (SB) had a transformative 2023, appointing a new CEO and VP Exploration, completing a PEA for its Fremont Gold Project, improving its balance sheet, adding strategic shareholders, confirming the presence of a Reduced Intrusion-Related Gold System at Win Gold Project, and outlining its strategic direction for 2024.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) announces the approval of a debt settlement of CAD$1,426,593.05 with R.W. Tomlinson Ltd. through the issuance of common shares, making The Tomlinson Group the second largest shareholder of the company. The settlement aims to significantly improve the company's balance sheet to prepare for future development and growth.
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FAQ
What is the current stock price of LODE GOLD RESOURCES (SBMIF)?
The current stock price of LODE GOLD RESOURCES (SBMIF) is $0.0159 as of October 15, 2024.
What is the market cap of LODE GOLD RESOURCES (SBMIF)?
The market cap of LODE GOLD RESOURCES (SBMIF) is approximately 5.7M.
What is Lode Gold Resources Inc.?
Lode Gold Resources Inc. is a Canadian exploration and development company with projects in Yukon and New Brunswick, focusing on high-grade gold mineralization.
Who leads Lode Gold Resources Inc.?
Lode Gold Resources Inc. is led by CEO Wendy T. Chan and VP Exploration Buddy Doyle.
What are the strategic plans of Lode Gold Resources Inc.?
Lode Gold Resources Inc. has strategic plans for growth and restructuring, including non-brokered financings and loan repayments to unlock shareholder value and advance exploration programs.
What is the McIntyre Brook Project?
The McIntyre Brook Project in New Brunswick is a key focus area for Lode Gold Resources Inc., surrounded by Puma Exploration's Williams Brook Project, showing promising results in high-grade gold mineralization.
What recent transactions has Lode Gold Resources Inc. completed?
Lode Gold Resources Inc. closed a shares-for-debt transaction and plans to spin off its Canadian assets into a new public vehicle.
LODE GOLD RESOURCES INC.
OTC:SBMIF
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193.54M
27.64%
18.76%
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