Lode Gold Resources Inc - SBMIF STOCK NEWS

Welcome to our dedicated page for Lode Gold Resources news (Ticker: SBMIF), a resource for investors and traders seeking the latest updates and insights on Lode Gold Resources stock.

Overview of Lode Gold Resources Inc.

Lode Gold Resources Inc. is a Canadian exploration and development company dedicated to unlocking the intrinsic value of high-potential gold properties in safe mining jurisdictions in Canada and the United States. With a strong focus on orogenic and underground gold mineralization, the company is deeply involved in advanced exploration, enabling it to identify robust exploration targets and attract a wide range of strategic investors.

Core Business and Strategic Approach

The company’s operations span multiple key projects, with a diversified portfolio that includes grassroots exploration and advanced development properties. Lode Gold adopts a systematic strategy that leverages high-quality exploration data, technical expertise and innovative geophysical survey techniques to delineate gold-rich trends and mineralized zones. This approach is underscored by its market positioning within a highly competitive mining sector, where transparency and expertise in gold exploration set the company apart.

Key Projects and Asset Portfolio

Yukon Assets: The Golden Culvert and WIN Projects cover an extensive area on a district-scale high-grade gold mineralized trend within the renowned Tombstone Gold Belt. The projects are underpinned by geological studies, NI 43-101 technical reports and multiple confirmed exploration targets which have helped the company integrate historic data with modern geophysical survey results.
New Brunswick Land Package: With one of the largest land packages in the region, including the McIntyre Brook and Riley Brook projects, the company capitalizes on its strong geological setting to explore gold deposits in the emerging Appalachian/Iapetus Gold Belt. The assets are hosted in orogenic rock formations that have a proven association with significant gold mineralization.
California Fremont Gold Project: Situated in the historic Mother Lode Gold Belt, this brownfield project presents a unique opportunity by revisiting an area with a rich mining history. Lode Gold is pioneering an underground exploration prospect where only a fraction of the potential gold-bearing vein system has been exploited since the era preceding World War II.

Exploration Techniques and Technical Expertise

Lode Gold Resources Inc. reinforces its commitment to high standards of exploration through the integration of modern geophysical methods such as advanced QMAGT surveys and heliborne TEM systems, complemented by robust geochemical and geological analyses. These technologies facilitate the accurate mapping of structural controls and mineralized zones, thereby enhancing the precision of drill targeting and resource estimation.

Competitive Position and Industry Expertise

In a highly specialized industry, Lode Gold stands out due to its rigorous application of technical and scientific methods, extensive field validation and solid project fundamentals. The company has structured its operations to enhance shareholder value through planned spin-outs that will create two pure-play entities focused on distinct geographic assets. This innovative capital structure not only optimizes asset valuation but also underscores the company’s commitment to operational transparency and long-term sustainable growth.

Operational Framework and Value Proposition

At its core, Lode Gold emphasizes a value-driven exploration model that harmonizes technical expertise with innovative financing and strategic corporate restructuring. The company’s decision to establish separate operating entities through a spin-out is designed to spotlight intrinsic asset value and attract diverse investor interest. With advanced technical reports and a history of methodical exploration, Lode Gold provides a comprehensive and transparent framework for understanding complex geological settings and mineral potential.

Conclusion

Overall, Lode Gold Resources Inc. offers an exemplary model of modern mineral exploration and development by integrating advanced geophysical technologies, expert geological analysis and a strategic corporate framework. Its expansive project portfolio, robust technical credentials and focus on safe, prospective mining jurisdictions position the company as a noteworthy participant in the gold exploration sector.

04/25/2024 03:34 PM

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Lode Gold (Formerly Stratabound) Completes Second Year Commitments on Property Options Advancing McIntyre Brook Ownership

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Lode Gold Resources Inc. completes the second-year commitments on property options, advancing McIntyre Brook ownership. The company closed a shares-for-debt transaction, making payments totaling $209,000. Certain property optionors chose to receive payments in shares, showing support for the new management team. Wendy T. Chan, CEO of Lode Gold, highlights the anticipation for exploration efforts on the Appalachian Gold Trend.

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04/24/2024 04:51 PM

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Lode Gold (Formerly Stratabound) Engages Former Director as Advisor for Matters Related to the Fremont Project, Located ~500km from Castle Mountain

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Lode Gold (Formerly Stratabound) has engaged Martin Stratte as an advisor for matters related to the Fremont Project in California. Stratte, a former director of the company, is an experienced land use and environmental permitting attorney with expertise in the mining sector. The company aims to leverage his knowledge to advance its ongoing activities at the Fremont Gold Project, located on the Mother Lode Belt. The project has significant potential to become a multi-million-ounce high-grade deposit, complementing existing resources.

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04/10/2024 05:22 PM

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Lode Gold (Formerly Stratabound) Initiates Work to Investigate High-Grade Underground Potential at Fremont on the Prolific Mother Lode Belt, ~500 km from Equinox Gold

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Lode Gold Resources Inc. has retained Carlos Saban, an experienced geologist, to review the Fremont Gold Project for potential high-grade underground gold mining. Since acquiring Fremont in 2021, Lode Gold has significantly increased its resource estimates. The Project currently hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated, and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The after-tax NPV(5%) of USD $370MM and a 31% IRR over an 11-year LOM at a sensitivity to USD $2,000/oz gold. The project's depth potential remains largely untapped, with opportunities existing below 200 meters. The historical grade of 8 g/t Au and the presence of structurally controlled high-grade targets indicate significant upside potential.

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04/02/2024 04:52 PM

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Lode Gold Gains 100% Ownership of Claims and Option Partners Agree to Take Shares - Mcintyre Brook Project, New Brunswick

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Lode Gold Resources Corp. (SBMIF) expands its ownership in McIntyre Brook Project by acquiring two more claims covering 13.96 km2. The company also makes second-year option payments on seven agreements, totaling $209,000, partly in cash and partly in shares.

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03/18/2024 06:50 PM

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Lode Gold Closes Second Tranche of Private Placement for Total Oversubscribed Financing of $2.08 Million

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Lode Gold Resources Inc. (SBMIF) successfully closed a non-brokered private placement, raising $2,079,624.20 through the issuance of 83,184,968 units. The offering included common shares and warrants, with insiders subscribing for 44,516,100 common shares. The funds will be used for exploration activities in New Brunswick, Yukon, and California. The company's strategic turnaround plan has been well received, leading to a successful financing exceeding the initial target.

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03/06/2024 09:41 AM

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Lode Gold (Formerly Stratabound) Receives Expression of Interest on Yukon and New Brunswick Assets

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Lode Gold Resources Corp. (SBMIF) receives an expression of interest for asset acquisition, emphasizing the potential value of its Yukon and New Brunswick properties. CEO Wendy T. Chan highlights the strategic plan to unlock shareholder value through asset separation and team development. VP Exploration Buddy Doyle mentions the market cap of $30 million for the properties, indicating the potential for value appreciation with upcoming drill plans and funding support.

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03/05/2024 04:51 PM

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Lode Gold (Formerly Stratabound) Announces Closing of First Tranche of Private Placement and Plans for Proceeds

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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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03/01/2024 02:12 PM

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Lode Gold (Formerly Stratabound) Closes First Tranche of Financing for $1.43 Million

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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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02/15/2024 10:47 PM

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Lode Gold (Formerly Stratabound) Announces Extension of Non-Brokered Financing

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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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02/05/2024 04:51 PM

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Lode Gold (Formerly Stratabound) Appoints Carlos Saban to Its Technical Advisory Board

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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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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 February 7, 2025.

What is the market cap of Lode Gold Resources (SBMIF)?

The market cap of Lode Gold Resources (SBMIF) is approximately 5.1M.

What is the core business of Lode Gold Resources Inc.?

Lode Gold Resources is primarily focused on gold exploration and development across safe mining jurisdictions in Canada and the United States, using advanced geophysical and geological techniques.

Which key projects form the company’s asset portfolio?

The company’s portfolio includes the Golden Culvert and WIN Projects in Yukon, significant land packages in New Brunswick such as the McIntyre Brook and Riley Brook projects, and the Fremont Gold project in California.

How does Lode Gold enhance its exploration efforts?

They integrate modern geophysical surveys like QMAGT and heliborne TEM with comprehensive geochemical and geological assessments to accurately map mineralized zones and guide drill targeting.

What makes Lode Gold’s approach unique in the gold mining industry?

Their commitment to systematic exploration, rigorous technical reporting, and innovative corporate restructuring—including planned spin-outs—ensures transparency and maximizes asset value.

How is the company positioned within the competitive mining sector?

With a diversified project portfolio, advanced exploration techniques, and a focus on orogenic and underground gold potential, Lode Gold stands out as a research-driven and technically proficient enterprise.

What is the significance of the Fremont Gold project?

The Fremont Gold project revisits a historical mining district in California, focusing on underground high-grade gold potential in an area with a rich legacy of gold production.

How does Lode Gold manage risk and ensure transparency?

The company adheres to NI 43-101 standards, employs qualified technical experts for its reports, and follows a disciplined exploration strategy to maintain rigorous assessment and clear communication with investors.

What future exploration strategies does the company plan?

While avoiding speculative forecasts, Lode Gold continues to integrate technical data with strategic financing and corporate restructuring to advance its high-potential projects and unlock shareholder value.