Welcome to our dedicated page for Waraba Gold news (Ticker: WARAF), a resource for investors and traders seeking the latest updates and insights on Waraba Gold stock.
Waraba Gold Limited (WARAF) generates news primarily through its gold exploration and corporate financing activities. The company describes itself as a resource exploration company acquiring and exploring mineral properties, and its updates focus on technical progress at its projects and transactions that support ongoing work. Readers following Waraba’s news can see how exploration results, licence arrangements and capital raises develop over time.
A key source of news is Waraba’s work at the Fokolore Gold Project in western Mali, West Africa. The company has reported the commencement and continuation of a multi‑phase drilling campaign there, including reverse circulation and diamond core drilling. News releases detail drilling progress, assay results from Phase 1, geological interpretations of the Mamoudouya and Kabafing targets, and the transition to different drilling methods to obtain more detailed geological information.
Another recurring theme in Waraba’s announcements is its earn‑in term sheet with Somaco Global Resources SARL in Ivory Coast. Updates describe payments made under the agreement, the prospective Sirasso and Tengrela gold licence applications, and planned share issuances and exploration commitments required to earn up to 80% of Somaco. These items provide insight into how Waraba is building a pipeline of West African gold exploration assets.
Waraba’s news flow also covers corporate and capital markets events, including private placements of common shares, proposed debenture financings, board and management changes, and a planned consolidation of its common shares. Investors can use this news page to track how the company funds its exploration programs, manages its share structure and responds to operating conditions in its project areas.
Waraba Gold (OTC Pink: WARAF) closed a non‑brokered private placement of 15,000,000 Units at $0.30 per Unit for aggregate gross proceeds of $4,500,000 on April 8, 2026. Each Unit included one share and one warrant exercisable at $0.45 until April 8, 2028.
The company said net proceeds will fund earn‑in commitments for its Ivory Coast exploration portfolio and general working capital. No finder's fees were paid. Securities are subject to a four‑month plus one‑day hold and applicable U.S. legends. Participating insiders subscribed and the company relied on MI 61‑101 exemptions.
Waraba Gold (OTC Pink: WARAF) announced a management change, financing plans, equity grants and related party details on March 12, 2026. Mamadou Coulibaly was appointed CEO; Carl Esprey becomes Executive Chairman.
The Company intends a non-brokered private placement of Units at $0.30 per Unit to raise up to $4,000,000, each Unit including a $0.45 warrant exercisable for 24 months. The Company also granted 1,500,000 stock options and 1,500,000 RSUs; options expire in six years and RSUs convert to shares on vesting. Proceeds are earmarked for Ivory Coast earn-in commitments and working capital. Related party participation is expected; closing aimed within 21 days.
Waraba Gold (OTC:WARAF) announced results of its annual general and special meeting held February 23, 2026. Shareholders representing 7,226,902 shares (38.62%) voted and all nominees were re-elected. Key approvals included fixing the board at five directors, reappointing the auditor, adopting new articles, ratifying an Omnibus Plan and approving issuance of 22,072,762 Common Shares underlying pre-funded warrants.
Most resolutions passed with strong support; certain votes were approved by majority of minority shareholders and some interested-party shares were ineligible to vote.
Waraba Gold (OTC:WARAF) provided supplemental and corrective disclosure for its February 23, 2026 shareholder meeting regarding a Private Placement, Debt Settlements and related Pre-Funded Warrants.
The company raised C$1,164,000.06, settled C$1,036,000 of debt, issued 9,355,808 shares and 22,072,762 Pre-Funded Warrants, and disclosed related-party participation totaling 18.78%.
Waraba Gold (OTC: WARAF) closed the second and final tranche of a private placement for $700,000, which included $630,000 in debt settlements, by issuing 10,000,000 pre-funded warrants at $0.07 each.
The pre-funded warrants cannot be exercised unless disinterested shareholders approve the offering that exceeds CSE policy thresholds; if not approved, holders may redeem warrants for debentures equal to the purchase price. All securities from the tranche are subject to a four-month-and-one-day hold period.
Raised funds will support earn-in commitments on the Ivory Coast projects and general working capital. An Annual General and Special Meeting is set for Feb 23, 2026 to vote on approval of 22,515,619 shares underlying the pre-funded warrants and insider participation; record date is Jan 16, 2026. Meeting materials will be available on SEDAR+.
Waraba Gold Limited (CSE: WBGD) has announced a significant share consolidation (reverse stock split) on a 18:1 ratio, effective October 3, 2025. The consolidation will reduce the company's outstanding common shares from 168,403,338 to approximately 9,355,741.
The company's name and stock symbols will remain unchanged, though new CUSIP and ISIN numbers will be assigned. All convertible securities will be proportionally adjusted, and fractional shares will be rounded up if equal to or greater than one-half, or cancelled if less.
Registered shareholders will receive transmittal letters from National Securities Administrators Ltd. with exchange instructions, while beneficial holders should contact their intermediaries regarding the process.
Waraba Gold Limited (WARAF) has completed an initial payment of US$300,000 as part of an earn-in agreement to acquire up to 80% of Somaco Global Resources SARL. The agreement involves two prospective gold license applications in northern Ivory Coast:
- Sirasso License (369.34 km²) located along the Senoufou greenstone belt, near Barrick Gold's Tongon Mine
- Tengrela License (398.7 km²) situated between Sissengue and Mahale permits
The next milestone includes issuing 6 million new common shares, paying an additional US$200,000 to vendors, and appointing two Somaco nominees as directors. This marks Waraba's strategic entry into West Africa's gold exploration corridor.
Waraba Gold (WARAF) has issued a correction to its March 25, 2025 release regarding its Ivory Coast operations. The company clarifies that the previously mentioned 'Tiegba' license was erroneously included and should be disregarded.
The corrected earn-in agreement details with Somaco include:
- Waraba can earn up to 80% stake in Somaco over 4 years
- Initial payment of US$500,000 within two months
- Additional US$1.5 million payment over following 2 years
- US$5 million in exploration commitments over 4 years
- Issuance of 6 million common shares upon JVA signing
Somaco holds two pending gold license applications in northern Ivory Coast: The Sirasso License (369.34 km²) along the Senoufou greenstone belt, and the Tengrela License (398.7 km²) near the Syama mineralized shear zone. The vendors will retain a 2% net smelter return royalty on the licenses.
Waraba Gold (WARAF) has announced key strategic moves, including an earn-in agreement to acquire up to 80% of Somaco Global Resources SARL in Ivory Coast. The deal involves two prospective gold license applications: the Sirasso License (369.34 km²) near Barrick Gold's Tongon mine, and the Tengrela & Tiegba Licenses (767.67 km² combined) in strategic locations.
The earn-in terms include:
- Initial payment of US$500,000 within two months
- Additional US$1.5 million over 2 years
- US$5 million in exploration commitments over 4 years
- Issuance of 6 million common shares upon JVA signing
Additionally, the company plans to raise US$500,000 through non-convertible unsecured debentures maturing in 12 months. Operations at the Fokolore Gold Project in Mali have been suspended due to security concerns, though the company previously submitted a mining permit application in June 2024.
Waraba Gold (CSE: WBGD) (FSE: ZE0) (OTC Pink: WARAF) has announced the continuation of its drilling program at the Fokolore Gold Project in western Mali, West Africa. The company is transitioning from reverse circulation (RC) drilling to diamond core drilling for the next part of its Phase 1 campaign.
This transition follows initial results announced on August 7, 2024, which provided significant geological and structural insights into the mineralized zones. The diamond core drilling technique allows for the recovery of more detailed geological information, important for understanding mineralization and structural controls within the deposit.
The new drilling phase aims to systematically define the extent and grade of gold mineralization, targeting both known zones and exploring new areas within the Fokolore Project. This approach is expected to provide higher-quality samples and enable a more comprehensive analysis of the mineralized zones, expanding Waraba's understanding of the mineralized system.