Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has hired Billy Choi as its new chief financial officer, with Choi expected to assume full CFO responsibilities in October 2026 following a transition period. The appointment comes at a critical time as the company advances permitting for its flagship Santa Fe Mine and aims to restart production in 2027. Choi brings a wealth of experience from his most recent role as vice president of finance at Lithium Royalty Corp., where he played a key role in its initial public offering, managed public-company reporting, oversaw financial controls, and contributed to its subsequent acquisition by Altius Minerals. His background in both public markets and financial operations is expected to strengthen Lahontan's financial management team as it transitions from exploration and development to production.
The Santa Fe Mine, located in the Walker Lane of mining-friendly Nevada, is a top-tier gold and silver project with a rich history. Between 1988 and 1995, the mine produced 359,202 ounces of gold and 702,067 ounces of silver from open pit mines utilizing heap-leach processing. Today, the project hosts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag), all pit constrained. The company plans to update the Santa Fe Preliminary Economic Assessment and drill test its satellite West Santa Fe project during 2025. For more details, visit the full press release at https://nnw.fm/BUdJ8.
The appointment of Choi is more than a routine executive hire; it signals Lahontan's commitment to rigorous financial stewardship as it navigates the complex permitting and development phases. With a production restart targeted for 2027, the company will require robust financial controls, capital markets expertise, and strategic planning—precisely the areas where Choi has demonstrated success. His experience with Lithium Royalty Corp.'s IPO and subsequent acquisition by Altius Minerals provides valuable insight into both going-public transactions and M&A, which could be relevant as Lahontan seeks to finance mine development or pursue strategic opportunities. Moreover, his familiarity with public-company reporting and financial controls will be essential for maintaining compliance and investor confidence as the company grows.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of Nevada. The flagship Santa Fe Mine project covers 26.4 km2 and has a technical report available on the company's website and SEDAR+. The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., a Qualified Person as defined in National Instrument 43-101. For more information, visit the company's website at www.lahontangoldcorp.com. The latest news and updates relating to LGCXF are available in the company's newsroom at http://nnw.fm/LGCXF.
