Advanced Gold Exploration reports company developments tied to mineral exploration, capital formation, listing status and governance. The company trades in the United States under AUHIF and has identified the Silver Belle Project in Eureka County, Nevada, as a principal exploration focus following its completed acquisition.
Recurring news themes include field programs and technical work at Silver Belle, use of exploration tools such as portable XRF and drone imagery, private placements and warrant terms, market-making and investor-relations agreements, OTCQB trading status, and changes to the board and finance leadership.
Advanced Gold (OTC Pink: AUHIF) closed an upsized non-brokered private placement on January 22, 2026, issuing 3,496,667 units at $0.15 per unit for aggregate gross proceeds of $524,500.05. Each unit includes one common share and one-half warrant; each whole warrant exercises at $0.20 for two years. Securities are subject to a statutory hold period of four months plus one day. Proceeds will be used for general corporate and working capital purposes. The company paid cash commissions totaling $16,949.99 and issued 15,000 shares in lieu of certain cash commissions. An insider subscribed for 100,000 units, and the company relied on MI 61-101 exemptions; no material change report was filed 21 days prior. Securities are not registered in the United States.
Advanced Gold (OTC: AUHIF) announced an upsizing of its previously announced non-brokered private placement to 3,500,000 units at $0.15 per unit for aggregate gross proceeds of up to $525,000. Each unit comprises one common share and one half of a transferable warrant; each full warrant allows purchase of one common share at $0.20 for two years from issuance. Securities will be subject to a statutory hold period of four months plus one day. Proceeds are for general corporate and working capital purposes. Closing is conditional on required regulatory approvals, including the Canadian Securities Exchange.
Advanced Gold Exploration (OTC Pink: AUHIF) provided a Buck Lake, Ontario drilling update on December 24, 2025. Three holes were drilled before a winter break: BL-25-01 to 232 m (VMS from 93.80–110.50 m), BL-25-02 to 117 m (VMS 36.10–42.00 m) and BL-25-03 to 113 m (VMS 33.40–43.90 m). A total of 163 core samples (187.78 m) from the three holes are scheduled for lab analysis under QA/QC protocols. Lithology observed includes fine-grained sediments, felsic/mafic flows, tuffs and minor intrusives with pyrite/pyrrhotite and chalcopyrite in cherty iron formation units. A VTEM airborne survey is planned for early 2026 to test a 3,000 m EM anomaly not fully explored.
Assay results will be released when received; a qualified person reviewed the technical information but noted limited verification of historical data.
Advanced Gold Exploration (OTC Pink: AUHIF) announced on December 17, 2025 a grant of 500,000 incentive stock options to certain directors, officers, and consultants. The Options are exercisable at $0.15 per share and expire two years from the date of grant. The awards are subject to final acceptance by the Canadian Securities Exchange and other required regulatory approvals.
Advanced Gold Exploration (CSE: AUEX) announced an immediate management reshuffle and a planned non-brokered private placement on November 6, 2025.
Management: Arndt Roehlig appointed President and CEO effective immediately; James Atkinson resigned as President and CEO and was named Chairman; Radovan Danilovksy resigned as director effective November 1, 2025.
Financing: The company intends to issue up to 5,000,000 Units at $0.05 per Unit for gross proceeds up to $250,000. Each Unit = one common share + one-half warrant; each whole warrant exercisable at $0.065 for 2 years. Securities subject to a four-month-plus-one-day hold.
Advanced Gold Exploration announced a 1-for-10 share consolidation effective following Canadian Securities Exchange approval, reducing outstanding common shares from 79,990,169 to approximately 7,999,016. The company obtained a new CUSIP 00792D202 and ISIN CA00792D2023. There is no name or stock symbol change. Stock options will be proportionately adjusted per their terms. Fractional post-consolidation shares will be rounded down to whole shares. Registered shareholders with physical certificates must return them with a letter of transmittal to Computershare. The company also appointed David McDonald as CFO effective October 20, 2025, and accepted the resignation of former CFO Radovan Danilovsky effective the same date.
Advanced Gold Exploration (CSE: AUEX) has entered into an asset purchase agreement with Heritage Mining Ltd. to sell its 75% interest in the Melba property. The total consideration includes CAD$50,000 in cash payments over 12 months and CAD$350,000 worth of Heritage Mining shares to be issued in four equal tranches.
The transaction remains subject to due diligence and regulatory approvals. CEO Jim Atkinson expressed confidence in Heritage Mining's capabilities to advance the project, highlighting the strategic benefits of becoming a large shareholder in Heritage Mining, which holds significant land assets in Northwestern Ontario.
Advanced Gold Exploration has announced a significant discovery of visible gold during surface prospecting at their Doyle Property in the Batchawana Greenstone Belt. Recent samples from the area yielded impressive assays of 13.2 g/t and 9.82 g/t gold. This surface discovery appears connected to a historical 1994 drill hole that returned 49.8 g/t gold at 80 meters depth. The gold mineralization is associated with intense quartz veining and silicification, and appears linked to a northeasterly trending linear feature identified through LiDAR survey. This marks the first reported instance of visible gold on the property's surface, potentially opening new exploration opportunities beyond the traditional NNW trending structures.
Advanced Gold Exploration Inc (CSE: AUEX) has completed a debt settlement announced on October 2, 2024. The company has settled an aggregate debt of $144,950 owed to an arm's length creditor by issuing 2,899,000 common shares at a price of $0.05 per share. This debt-for-equity swap is part of the company's efforts to improve its financial position. The newly issued common shares are subject to a four-month hold period, as per standard regulatory requirements. This move demonstrates Advanced Gold Exploration's strategy to manage its liabilities and strengthen its balance sheet without impacting its cash reserves.
Advanced Gold Exploration Inc. (CSE: AUEX) has announced a non-brokered private placement of 100 unsecured convertible debentures at $1,000 each, aiming to raise $100,000 for general working capital. The debentures will mature in three years with a 3% annual interest rate, payable in cash or shares. Holders can convert the principal into units at $0.10 per unit, each comprising one common share and one warrant. Warrants allow purchasing one common share at $0.15 within three years.
The securities are subject to a four-month hold period. The offering awaits final approval from the Canadian Securities Exchange. Additionally, the company announced changes in management: Radovan Danilovsky resigned as Corporate Secretary but remains a director and CFO, while Carly Burk, an experienced corporate and securities lawyer, has been appointed as the new Corporate Secretary.