Augusta Gold Corp. Stock Price, News & Analysis

AngloGold Ashanti (NYSE:AU) completed its acquisition of Augusta Gold on October 23, 2025 under the Merger Agreement dated July 15, 2025.

Under the transaction, Augusta Gold stockholders will receive C$1.70 cash per common share. Augusta Gold is now a wholly owned subsidiary of AngloGold Ashanti.

Registered holders must return a completed Letter of Transmittal and share certificates to Computershare; the form will be mailed within five business days and is available on Augusta Gold's website, SEDAR+ and EDGAR. Augusta Gold expects delisting from the TSX, cessation of OTCQB quotes, and intends to file a Form 15 with the SEC to terminate U.S. registration and suspend U.S. reporting obligations.

Augusta Gold (OTCQB:AUGG) announced that stockholders approved the Merger Resolution to be acquired by AngloGold Ashanti under the Merger Agreement dated July 15, 2025.

Approximately 69.44% of issued and outstanding common shares as of the September 12, 2025 record date approved the merger and ~99.37% of votes cast at the Special Meeting were in favour after required exclusions. Closing remains subject to customary conditions and is expected to occur on or around October 23, 2025. After closing, Augusta Gold will be a wholly-owned subsidiary of Parent, expects delisting from the Toronto Stock Exchange, cessation of OTCQB quotes, and will apply to cease Canadian and U.S. reporting obligations.

Augusta Gold (OTCQB:AUGG) has announced a definitive merger agreement with AngloGold Ashanti, where AngloGold will acquire all of Augusta's outstanding shares for C$1.70 per share in cash. The transaction values Augusta at an enterprise value of approximately C$197 million, including C$152 million in equity value and C$45 million in stockholder loans repayment.

The offer represents a 28% premium to Augusta's closing price on July 15, 2025, and a 37% premium to the 20-day volume-weighted average price. The deal has received unanimous board approval and is supported by shareholders holding approximately 31.5% of Augusta's shares. The transaction is expected to close in Q4 2025, subject to stockholder approval and customary conditions.

[ "All-cash offer at C$1.70 per share, representing a 28% premium to last closing price", "Transaction valued at C$197 million enterprise value", "Immediate liquidity for shareholders without development and execution risks", "Strong support with 31.5% of shareholders already committed to the deal", "Transaction will be funded by AngloGold's existing cash, requiring no additional financing" ]

Augusta Gold Corp. has received a Letter of Interest from the Export-Import Bank of the United States (EXIM) for up to US$50 million in financing for its Reward Project in Nevada. The non-binding letter outlines EXIM's preliminary interest in providing a direct loan with a competitive interest rate and a potential 10-year repayment term, including an interest-only period. The financing would cover over 50% of the project's construction costs under EXIM's 'Make More in America' initiative. The Reward Project, a fully permitted and construction-ready gold project in Nye County, Nevada, aligns with EXIM's policy goals of job creation and export requirements. While the letter doesn't constitute a firm commitment, it signals EXIM's intent to proceed with due diligence and underwriting.

Augusta Gold (TSX: G; OTCQB: AUGG; FSE:11B) has announced a significant update to its loan arrangement. The company has successfully negotiated an extension of its loan maturity date with Augusta Investments to November 30, 2025.

As part of this financial restructuring, Augusta Gold has also secured an additional US$500,000 in funding under the existing loan terms. This development provides the company with enhanced financial flexibility through the extended timeline.

Augusta Gold (OTCQB: AUGG) has announced amendments to its existing loans. The company has secured an additional US$250,000 loan from Augusta Investments Inc. Following this amendment, the Toronto Stock Exchange policies no longer require the company to obtain disinterested shareholder approval for interest payable from October 1, 2024, through the maturity date. Additionally, Augusta Gold has extended its outstanding loan with Donald Taylor until June 30, 2025.

Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) has announced an extension of its loan maturity date with Augusta Investments Inc. to April 30, 2025. The company will pay an extension fee of US$71,748.00 to the lender. Additionally, the lender will provide an Additional Loan Amount of US$5,479,941.03, covering all interest and fees payable through September 30, 2024, which Augusta Gold will immediately repay.

Interest payable from October 1, 2024, through the new maturity date will require approval from disinterested shareholders, as per Toronto Stock Exchange requirements. If this approval is not obtained by April 30, 2025, the principal amount may become immediately due upon the lender's written notice.

Augusta Gold Corp. (TSX: G, OTCQB: AUGG) announced results of the Feasibility Study for its 100% owned, construction-ready Reward Project in Nevada. Highlights include:

- Proven and Probable Mineral Reserves of 370,000 oz gold grading 0.86 g/t

- Conventional open pit, heap leach operation with 7.6-year mine life

- Average annual gold production of 39,000 oz

- All-in Sustaining Cost of $1,328/oz

- Pre-production capital cost of $89.7 million

- At $1,975/oz gold price: After-tax NPV (5%) of $50.6M, IRR of 16.6%

The company has initiated a strategic review process to maximize shareholder value and agreed to extend its loan term to February 2025. The Reward Project has all required permits for construction and could be in production within 12 months of starting full-scale construction.

Augusta Gold has announced an extension of the maturity date for its loan with Augusta Investments to September 30, 2024. This extension required the company to pay an extension fee of US$30,399. This decision aims to provide additional time for Augusta Gold to manage its financial obligations under the loan agreement. The original loan agreement's specifics and the financial implications of this extension were not detailed in the press release.