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 financing provides Lahontan with a solid cash position to advance its flagship Santa Fe Mine project, which 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. The Santa Fe Mine holds 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 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.
The warrant and option exercises underscore investor confidence in Lahontan's strategy and the potential of its Nevada assets. By strengthening its balance sheet without diluting existing shareholders through additional equity offerings, the company positions itself to execute its exploration and development plans efficiently. The tightened share structure also enhances the company's attractiveness to future institutional investors. For more information on the company's projects and updates, visit the company's website at www.lahontangoldcorp.com and the newsroom at http://ibn.fm/LGCXF.
