STLLR Gold Completes Reclamation Activities at Colomac to Release C$1 Million into Working Capital
Rhea-AI Summary
STLLR Gold (TSX: STLR / OTCQX: STLRF) completed Spyder Lake reclamation at the Colomac Gold Project, satisfying CIRNAC requirements. As a result, C$1 million of restricted cash was reclassified to short-term investments and added to working capital after a third-party report in early 2026.
The reclamation began in 2024 and finished in 2025, fulfilling the company’s obligations for that portion of the property under its Conveyance and Reclamation Agreement with CIRNAC.
AI-generated analysis. Not financial advice.
Positive
- C$1.0M reclassified from restricted cash to working capital
- Spyder Lake reclamation completed (initiated 2024, finished 2025) and third-party report delivered early 2026
Negative
- Obligations remain for other portions of Colomac; only a portion was fulfilled by this milestone
News Market Reaction – STLRF
On the day this news was published, STLRF gained 0.88%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - April 1, 2026) - STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) ("STLLR" or the "Company") is pleased to announce the successful completion of some reclamation activities at the Colomac Gold Project ("Colomac") in the Northwest Territories, Canada. Having satisfied the applicable requirements, the Crown-Indigenous Relations and Northern Affairs Canada ("CIRNAC") has canceled the conditions for maintaining security for reclamation. As a result, the Company has reclassified C
The Spyder Lake reclamation work at Colomac was initiated in 2024 and completed in 2025 as part of STLLR's commitment to ongoing environmental stewardship. A third-party technical expert completed a final report in early 2026. This milestone fulfills the Company's obligations on that portion of the property under its Conveyance and Reclamation Agreement with CIRNAC, originally established in connection with the acquisition of the Colomac Gold Project.
About STLLR Gold
STLLR Gold Inc. is a Canadian gold development company actively advancing high-potential gold projects in Canada: The Tower Gold Project and the Hollinger Tailings Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Tower and Colomac have the potential to become large-scale, long-life operations and are surrounded by exploration land with favourable upside potential. Hollinger has the potential for near-term value creation. STLLR's experienced management team, with a track record of successfully advancing projects and operating mines, is working towards rapidly advancing these projects.
Contact Us
STLLR Gold Investor Relations
+1 (416) 863-2105 | investors@stllrgold.com | www.STLLRgold.com
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the large-scale, long-life potential advancement of Tower and Colomac, the value potential of Hollinger, and economic opportunities that are derived from future exploration at the Tower Gold Project, and the Company's environmental stewardship of its assets. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "accelerate", "add" or "additional", "advancing", "anticipates" or "does not anticipate", "appears", "believes", "can be", "conceptual", "confidence", "continue", "convert" or "conversion", "deliver", "demonstrating", "estimates", "encouraging", "expand" or "expanding" or "expansion", "expect" or "expectations", "fast-track", "forecasts", "forward", "goal", "improves", "increase", "intends", "justification", "leading", "plans", "potential" or "potentially", "pro-forma", "promise", "prospective", "prioritize", "reflects", "re-rating", "robust", "scheduled", "stronger", "suggesting" or "suggests", "support", "updating", "upside", "will be" or "will consider", "work towards", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of STLLR to be materially different from those expressed or implied by such forward-looking information, including risks associated with required regulatory approvals, the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, global inflationary pressures, actual results of current exploration activities, government regulation, political or economic developments, the ongoing wars and their effect on supply chains, tariffs, environmental risks, pandemic risks, permitting timelines, capex, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company's Annual Information Form for the year ended December 31, 2024, available on www.sedarplus.ca. Although STLLR has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. STLLR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290455