Welcome to our dedicated page for Augusta Gold news (Ticker: AUGG), a resource for investors and traders seeking the latest updates and insights on Augusta Gold stock.
Augusta Gold Corp. (OTCQB: AUGG) has generated a stream of news centered on its gold exploration and development activities in Nevada and its subsequent acquisition by AngloGold Ashanti. The company’s disclosures focus on the Reward and Bullfrog gold projects in the Bullfrog mining district, approximately 120 miles north-west of Las Vegas and just outside of Beatty, Nevada.
News coverage includes detailed updates on the Reward Project, which Augusta Gold describes as a fully permitted, construction-ready open pit, heap leach gold operation in Nye County. Releases have highlighted the publication of a feasibility study, including Proven and Probable Mineral Reserves of 370,000 ounces of gold, planned daily throughput, projected mine life, and metallurgical test results. Additional articles discuss the permitting status, technical work by independent qualified persons, and the potential synergies between Reward and the larger Bullfrog Project.
Investors following AUGG-related news will also find announcements on financing and capital structure, such as amendments and extensions to loans with Augusta Investments Inc. and other lenders, as well as a non-binding Letter of Interest from the Export-Import Bank of the United States for potential project financing under its "Make More in America" initiative. These items provide context on how Augusta Gold approached funding for construction and development at Reward.
A major theme in later news is corporate activity. Augusta Gold reported the launch of a strategic review process to evaluate alternatives including joint ventures, asset sales, or mergers. Subsequent releases describe the definitive merger agreement with AngloGold Ashanti, the terms of the all-cash offer of C$1.70 per share, stockholder approval at a special meeting, and the closing of the merger that resulted in Augusta Gold becoming an indirect wholly owned subsidiary of AngloGold Ashanti. For readers researching AUGG, this news archive offers a historical record of project milestones, financing steps, and the transaction that ended Augusta Gold’s life as a public company.
Augusta Gold Corp. (TSX: G; OTCQB: AUGG; FSE: 11B) announced the approval of all matters presented at its annual shareholder meeting on June 20, 2024. Key resolutions included the election of the company’s five director nominees, re-appointment of Davidson & Company LLP as auditors, and approval of unallocated options under the current stock option plan.
All five director nominees received overwhelming support, with Richard Warke garnering 99.75% of votes, Donald Taylor 99.86%, Lenard Boggio 99.88%, John Boehner 99.41%, and Daniel Earle 99.76%. The re-appointment of Davidson & Company LLP and the authorization for directors to fix their remuneration were also sanctioned.
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Augusta Gold Corp. (TSX: G, OTCQB: AUGG) has addressed recent stock trading activity indicating a decrease in market price and increased trading volume. The Company confirmed that it is unaware of any undisclosed information that could account for these changes. Additionally, Augusta Gold disclosed that it does not engage in any paid research relationships or marketing arrangements affecting its stock performance. The Company is focused on developing the Reward and Bullfrog gold projects located in Nevada, aiming to enhance stakeholder value through strategic development and potential mergers and acquisitions.
Augusta Gold has successfully closed its bought deal offering, raising approximately
On September 29, 2022, Augusta Gold Corp. announced successful outcomes from its annual shareholder meeting, with all proposed matters approved. This includes the election of six nominees to the board of directors, re-appointment of Davidson & Company LLP as auditors, and approval for repricing certain stock options. Election results showed overwhelming support for nominees, with votes for ranging from 99.67% to 99.98%. Augusta Gold is focused on developing its gold projects in Nevada and aims to enhance stakeholder value.
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