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Scorpio Gold - SRCRF STOCK NEWS

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

Company Overview

Scorpio Gold Corporation (SRCRF) is a Nevada-based gold exploration company committed to unlocking the potential of its two past producing mines in the Walker Lane Trend of Nevada. With a diversified portfolio anchored by the Manhattan District and the Mineral Ridge project, the Company has built a reputation for leveraging extensive historical data and modern exploration techniques to advance its properties in a mature mining jurisdiction.

Core Assets and Operations

Scorpio Gold holds 100% interest in the Manhattan Mine and the Mineral Ridge Mine. The Manhattan District comprises the advanced exploration-stage Goldwedge Project with a 400 ton per day gravity mill and an expansive land package that includes historically productive open pit areas and underground workings. The Mineral Ridge project, with its proven historical production and established infrastructure including permitting, water rights, and connectivity to adjacent exploration targets, represents a near-term opportunity that has been developed over years of mining operations.

Exploration and Technical Expertise

At the heart of Scorpio Gold's operations is a robust exploration program that integrates over 100,000 meters of historical drilling data with modern geological and geophysical techniques. The Company’s approach to exploration is underpinned by the use of advanced drill planning, detailed mapping, and sampling programs designed to support NI 43-101 compliant resource estimates. Specialized technical consultants help model historical drillholes and target extensions along structures such as the Reliance Fault and the Goldwedge Trend, ensuring that the resource potential is accurately defined.

Operational Strength and Management

The operational strength of Scorpio Gold is further enhanced by a dedicated management team and board of directors with deep industry experience in mining, exploration, and corporate finance. Recent strategic initiatives have led to a recapitalization and management restructure, positioning the Company with a strong financial foundation and an operationally efficient framework. This new management focus, combined with strategic financing efforts, underlines Scorpio Gold's commitment to disciplined exploration and value creation while remaining unbiased and fact-based in its reporting.

Market Position and Industry Context

Positioned within one of the world’s premier mining jurisdictions, Scorpio Gold competes in a robust market characterized by intricate geological settings and stringent technical regulations. The Company distinguishes itself by maintaining an extensive modern database that supports its exploration and resource definition efforts. This technical rigor and a clear focus on harnessing historic exploration data through updated methodologies emphasize the Company’s commitment to long-term operational excellence and transparency for investors.

Infrastructure and Permitting

Both of Scorpio Gold's key assets benefit from established permitting and operational infrastructure. The Manhattan District features permitting that supports multiple exploration drilling campaigns as well as the possibility of open pit mining, while Mineral Ridge’s proven history of production, coupled with developed infrastructure and water rights, contributes to its near-term development potential. This solid operational base is further enhanced by fiscal discipline and a track record of engaging experienced technical advisors.

Commitment to Transparency and Expertise

Scorpio Gold emphasizes transparency in its operational and strategic initiatives, coupling detailed technical reports with regular updates. The Company’s narrative is supported by comprehensive QA/QC protocols and is aligned with industry standards such as NI 43-101 disclosures. This approach not only instills confidence among market participants but also underscores the Company’s commitment to excellence in technical exploration and reporting.

Investor and Market Communication

While Scorpio Gold remains focused on definitive exploration and resource definition, its expanded trading presence, including listing on U.S. OTC platforms, ensures enhanced visibility and liquidity for investors. Consistent and detailed updates, combined with participation in key industry events and investor forums, illustrate the Company’s ongoing engagement with the investment community through unbiased and data-driven communications.

Rhea-AI Summary
Scorpio Gold Corporation completes acquisition of Altus Gold Corp., appoints new CEO and COO, closes Private Placement, and advances mineral exploration project in Nevada.
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Scorpio Gold Corporation increases non-brokered private placement size by $1,000,000 to $6,000,000, with two tranches closed for $1,437,745. Each unit priced at $0.15 includes a common share and a warrant exercisable at $0.20 for two years. Private Placement subject to TSX Venture Exchange approval.
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Scorpio Gold Corporation increases private placement size by $1,000,000, extends acquisition date, and announces debt restructure. The company issued 9,584,966 units for $1,437,745 and plans to issue up to 33,333,333 units for $5,000,000. The acquisition of Altus Gold Corp. extended to February 14, 2024. The company also intends to restructure its outstanding loans and settle a portion through the issuance of common shares.
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Scorpio Gold Corporation has successfully closed the second tranche of its non-brokered private placement, issuing 6,384,966 units at a price of $0.15 per unit for gross proceeds of $957,745. The company has also paid cash finder's fees of $7,920 and granted non-transferable compensation warrants to arm's length finders. The proceeds will be used for general working capital purposes, and the completion of the private placement is expected by the end of January 2024. The securities issued will be subject to a four-month hold period ending on May 23, 2024. The private placement is subject to the final approval of the TSX Venture Exchange.
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Scorpio Gold Corporation has entered into an amalgamation agreement with Altus Gold Corp. to acquire all the issued and outstanding shares of Altus Gold by way of a three-cornered amalgamation. The agreement supersedes the previous letter of intent and contemplates a restructured board and management team, subject to completion of the transaction. The closing of the transaction is subject to several conditions precedent, including a non-brokered private placement and shareholder approval. Altus Gold has also provided a secured loan to Scorpio Gold in connection with the transaction.
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Scorpio Gold Corporation (SGN) announces the consolidation of outstanding common shares, effective November 24, 2023. Shareholders will receive a new CUSIP and ISIN. Further details are available in the press release dated November 8, 2023.
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Scorpio Gold Corporation (TSXV: SGN) announces a Private Placement to raise up to $200,000 through the issuance of 10,000,000 units at $0.02 per unit. Each unit includes one common share and one common share purchase warrant, with proceeds intended for general working capital purposes. The completion is subject to TSX Venture Exchange approval.
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Scorpio Gold Corporation (TSXV: SGN) announces an amended letter of intent with Altus Gold Corp. to restructure a proposed acquisition, along with plans for private placements and a consolidation of common shares.
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Scorpio Gold Corporation provides an update on its proposed acquisition of Altus Gold Corp., which would consolidate the entire 12-mile ridge and result in a total land package of 10,652 ha of mineral rights. The Transaction is subject to approval from the TSX Venture Exchange.
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Scorpio Gold Corporation has entered into a binding letter of intent to acquire all of the issued and outstanding shares of Altus Gold Corp. The acquisition would consolidate the entire 12-mile ridge, resulting in a total land package of 10,652 ha of mineral rights. The terms of the acquisition include issuing 16,900,000 post-consolidated Scorpio Gold common shares to the shareholders of Altus Gold.
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FAQ

What is the current stock price of Scorpio Gold (SRCRF)?

The current stock price of Scorpio Gold (SRCRF) is $0.1049 as of April 23, 2025.

What is the market cap of Scorpio Gold (SRCRF)?

The market cap of Scorpio Gold (SRCRF) is approximately 9.4M.

What is the primary business of Scorpio Gold Corporation?

Scorpio Gold is focused on gold exploration and the development of past producing mining assets in Nevada, utilizing extensive historical data and modern exploration techniques.

Which assets form the core of Scorpio Gold's portfolio?

The Company holds 100% interest in two primary assets: the Manhattan Mine and the Mineral Ridge Mine, both of which have significant historical gold production.

How does Scorpio Gold generate value from its operations?

Value is generated through rigorous exploration programs, updating historical data to define resource potential, and leveraging its established infrastructure and permits for potential mining developments.

What methodologies does the Company employ in its exploration efforts?

Scorpio Gold integrates advanced drill planning, detailed mapping, sampling programs, and uses extensive historical drilling data alongside modern geophysical techniques to support NI 43-101 compliant resource estimates.

How is Scorpio Gold positioned within the competitive mining landscape?

Operating in a mature mining jurisdiction, Scorpio Gold distinguishes itself through its strong technical expertise, solid infrastructure, and a strategic focus on areas with proven mineralization.

What role does management play in the Company's strategy?

The experienced management team and board bring deep industry knowledge and a track record in mining and exploration, underlining a commitment to disciplined operations and transparent reporting.

How does Scorpio Gold ensure the quality of its exploration data?

The Company follows strict QA/QC protocols and incorporates a comprehensive modern drilling database that is continuously updated to meet industry standards such as NI 43-101.

What does the Company's infrastructure include?

Scorpio Gold benefits from established permitting, a functioning gravity mill at the Manhattan District, and operational infrastructure that supports both historical mining activities and new exploration campaigns.
Scorpio Gold

OTC:SRCRF

SRCRF Rankings

SRCRF Stock Data

9.41M
194.32M
5.01%
5.41%
Gold
Basic Materials
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Canada
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