Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced it has received C$4,316,948 from the exercise of warrants and stock options between July 4 and Oct. 23, 2025, resulting in 334,420,221 common shares outstanding. The proceeds will fund exploration and mine development at the company’s Nevada projects, including the Santa Fe and West Santa Fe sites in the Walker Lane gold belt.
CEO Kimberly Ann said the exercises demonstrate strong shareholder confidence and leave Lahontan fully financed for its fall drilling programs while tightening the company’s share structure for future growth. The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.
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 mining friendly Nevada. According to the company's most recent technical report, the Santa Fe Mine has 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, together grading 0.99 g/t Au Eq) 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, together grading 0.76 g/t Au Eq), all pit constrained. The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
The Santa Fe Mine had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. For more information, please 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://ibn.fm/LGCXF.
