American Eagle Recognized as Top 50 TSX Venture Exchange Company

Rhea-AI Summary

American Eagle Gold Corp (TSXV: AE) (OTCQB: AMEGF) has been named to the 2025 TSX Venture 50, a prestigious ranking of top-performing companies on the TSX Venture Exchange. The selection criteria included one-year share price appreciation, market capitalization growth, and Canadian consolidated trading value, with each factor equally weighted.

CEO Anthony Moreau highlighted the company's strong performance in 2024, noting key achievements including the addition of a second major mining company to their registry and a robust cash position of $37 million. Looking ahead to 2025, the company plans to significantly expand its drilling operations, aiming to nearly double the meters drilled compared to the previous year.

Toronto, Ontario--(Newsfile Corp. - February 19, 2025) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("the Company" or "American Eagle") is pleased to announce that it has been recognized by the TSX Venture Exchange ("TSXV") as a 2025 Top 50 Company.

TSX Venture 50 is an annual ranking of the top-performing companies over the last year on TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

"American Eagle is honored to be recognized as a top-performing company in the 2025 TSX Venture 50," said Anthony Moreau, CEO of American Eagle. "2024 was a tremendous year for American Eagle Gold shareholders. With a second major mining company on our registry, $37 million in cash on our balance sheet, and plans to drill nearly twice as many meters as we did last year, I am optimistic that we will continue to build shareholder value in 2025 and beyond."

About American Eagle's NAK Project

The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and geophysical, geological, and geochemical work at NAK, which began in the 1960's, tested only to shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over 1.5 km x 1.5 km. Drilling completed by American Eagle in 2022, 2023, and 2024 returned significant intervals of high-grade copper-gold mineralization that reached beyond and much deeper than the historical drilling, indicating that zones of near-surface and deeper mineralization, locally with considerably higher grades, exist within the broader NAK property mineralizing system.

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About American Eagle Gold Corp.

American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British Columbia, Canada. The Company benefits from over $37 million in cash, bolstered by two strategic investors formed in the past two years with Teck Resources and South32. With substantial financial and technical resources, American Eagle Gold is well-positioned to drill, de-risk, and define the full potential of the NAK Copper-Gold porphyry project.

Anthony Moreau, Chief Executive Officer
416.644.1567
amoreau@oregroup.ca
www.americaneaglegold.ca

Forward-Looking Statements

Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding whether the Company will be able to complete the Offering as anticipated, the receipt of regulatory approval, including the approval of the TSX Venture Exchange, to complete the Offering, the intended use of proceeds and intended drill program or its anticipated results at the Company's NAK project, the ability of the Company to make the qualifying expenditures as anticipated by management, and other matters ancillary or incidental to the foregoing. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ materially from those suggested in forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedarplus.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241381

FAQ

What criteria earned American Eagle Gold (AMEGF) a spot in the 2025 TSX Venture 50?

American Eagle Gold was selected based on three equally weighted criteria: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

How much cash does American Eagle Gold (AMEGF) have on its balance sheet in 2025?

American Eagle Gold reports having $37 million in cash on its balance sheet.

What are American Eagle Gold's (AMEGF) drilling plans for 2025?

American Eagle Gold plans to drill nearly twice as many meters in 2025 compared to their 2024 operations.

What major developments did American Eagle Gold (AMEGF) achieve in 2024?

In 2024, American Eagle Gold added a second major mining company to their registry and accumulated $37 million in cash on their balance sheet.