American Eagle Gold Stock Price, News & Analysis

American Eagle Gold Corp has completed a private placement with South32, raising C$820,000 through the issuance of 1,156,000 charity flow-through common shares at C$0.71 per share. The proceeds boost the company's balance sheet to over $36 million and will fund exploration at the NAK copper-gold project in British Columbia. The 2025 drill program is advancing with two completed holes and two more in progress, focusing on expanding the gold-enriched southern Main Zone. The company plans to explore the copper-enriched northern Main Zone and is preparing to test new targets with potential helicopter support and a third drill rig. Recent magnetic survey data is being used to refine existing targets and identify new ones, which may lead to an expansion of the drilling program.

American Eagle Gold (AMEGF) announces South32's exercise of its 'top-up right' to maintain its 19.9% equity stake through a C$820,000 investment. The company will issue 1,156,000 charity flow-through shares at C$0.71 per share, with South32 participating as an end buyer. The investment follows American Eagle's recent acquisition of 100% of the NAK copper-gold project. CEO Anthony Moreau highlighted the company's strong financial position with over $36 million in capital and plans for an extensive drill program in 2025. The transaction is expected to close by June 11, 2025, subject to regulatory approvals. Additionally, the company completed a previously announced share repurchase and partial sale of its non-core royalty in the Kuta Ridge Gold Project.

American Eagle Gold (AMEGF) has launched a fully funded 30,000-metre drill program at its NAK copper-gold porphyry project in British Columbia. The 2025 campaign focuses on three main objectives: expanding high-grade, near-surface copper-gold in the Main Zone's south section, identifying new high-grade copper zones in the north and at depth, and exploring newly identified targets through step-outs. The program builds on previous success and incorporates input from South32's technical team and porphyry experts. The NAK project benefits from favorable logistics including road access, low elevation, and nearby infrastructure. The drilling campaign, which will continue into 2026, is fully funded with no additional capital requirements for the next few drill seasons.

American Eagle Gold Corp. (AMEGF) has completed an airborne magnetic survey at its NAK copper-gold porphyry project in British Columbia, revealing new mineralized trends and refining drill targets. The survey has identified prominent magnetic fabrics that align with strongly-mineralized chalcopyrite and bornite-bearing porphyry dikes. The company plans to begin a fully-funded 30,000-metre drilling program on May 25th, 2025, supported by strategic investments from South32 and Teck Resources. This campaign will nearly double the company's total drilling meters to date and represents one of the largest single-season drill programs in BC's Babine region. The magnetic survey data has enhanced the company's understanding of the mineralized system and provided increased confidence for ambitious step-outs beyond previously tested areas.

American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) has announced the release of an independent review of its wholly-owned NAK copper-gold porphyry project located in British Columbia. The review was conducted by Dr. Steve Garwin and is available in both video and presentation formats. The NAK project represents a copper-gold porphyry deposit, which is a type of mineral deposit typically associated with large-scale mining operations.

American Eagle Gold (TSXV: AE) (OTCQB: AMEGF) has announced a strategic transaction involving its Kuta Ridge Gold Project in Papua New Guinea. The company will sell two-thirds of its 3% Net Smelter Return (NSR) royalty to Precious Earth Resources in exchange for 500,000 American Eagle shares, which will subsequently be retired and cancelled.

The company will retain a 1% NSR in the Kuta Ridge project, which is strategically located near Barrick's Porgera Mine and K92's Kainantu Mine. The remaining NSR will not be subject to any buyback rights by Precious Earth. The transaction, expected to close in five business days, has received exemptive relief from the Ontario Securities Commission regarding issuer bid requirements.

American Eagle Gold (TSXV: AE, OTCQB: AMEGF) has launched its 2025 exploration campaign at the NAK copper-gold porphyry project in British Columbia. The company is initiating a 480 line-kilometre helicopter-borne magnetic survey with advanced four-sensor technology to improve subsurface structure mapping and drill targeting.

The company plans a fully funded 30,000-metre drill campaign starting in May 2025, supported by strategic investments from Teck Resources and South32. This program represents the largest drilling effort in the company's history, exceeding the combined drilling of the past three years. The campaign will be among the most extensive single-season drill programs ever conducted in BC's Babine region.

The magnetic survey aims to better understand NAK's dyke network and optimize drill hole placement. Results and final 2025 season plans will be announced before drilling begins in late May. The company confirms it will remain fully funded for at least two additional years after this program.

American Eagle Gold (TSXV: AE) (OTCQB: AMEGF) has achieved 100% ownership of the NAK Copper-Gold Porphyry Project in British Columbia, located 85 km northeast of Smithers. The project has delivered impressive drill results, including 248 meters of 1.10% CuEq and 302 meters of 1.09% CuEq.

The company is well-funded with ~$37 million in cash and has strategic investments from South32 and Teck Resources A 30,000-metre drill program is scheduled to begin in May 2025, focusing on expanding near-surface mineralization across multiple zones including the North, Central, and South Zones.

The project's advantages include road access, gentle topography, low elevation, and proximity to infrastructure. Over 80% of NAK's prospective ground remains untested, presenting significant exploration potential. The company has issued 1,000,000 common shares to Bernie Kreft as part of the final option payment.

American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) has announced its participation schedule for PDAC 2025. The company will be exhibiting at Booth #2322 from March 2-5, and at the Core Shack (Booth #3106B) on March 4-5. CEO Anthony Moreau will be delivering two live presentations during the event.