North Peak Resources Ltd Stock Price, News & Analysis

North Peak Resources (TSXV: NPR) has announced significant leadership changes, with Harry Dobson joining as Executive Chairman and Board Director. Dobson, a founding shareholder and former investment banker, brings extensive experience in financing and building mining assets. Mike Sutton has stepped down from the Board but will continue as a technical adviser. The company has also restructured its Audit Committee, now led by John Thomson. David Pym has been appointed as the qualified person for the company's Prospect Mountain Mine complex exploration, while Chelsea Hayes has been promoted to VP of Operations and Corporate Development. Additionally, North Peak has granted 950,000 stock options at $0.87 per share with a five-year term, with specific vesting schedules for directors, officers, and consultants.

North Peak Resources announces key changes to its Board of Directors. Brian Hinchcliffe is stepping down as Executive Chairman and Board member but will continue as an advisor to the company. The company has appointed Michael Ouellette, Principal/Managing Director of a US-based multi-family office, as an Independent Director.

Hinchcliffe, known for founding Kirkland Lake Gold and Rupert Resources, will focus on other ventures, including Legacy Gold Mines. CEO Rupert Williams praised Hinchcliffe's track record in founding successful companies. The new appointee, Ouellette, brings over two decades of executive leadership in the family office industry through his role at Starboard Advisors. He holds a Business Management degree from the University of Maine and a Master's in Public Policy from the University of Southern Maine.

North Peak Resources (TSXV: NPR) has announced engaging ICP Securities Inc. for automated market making services. The agreement includes the use of ICP's proprietary algorithm, ICP Premium™, in compliance with TSX Venture Exchange policies.

The initial four-month agreement includes a monthly service fee of C$7,500 (plus taxes), with automatic one-month renewals unless either party provides 30 days notice of termination. ICP currently holds no interest in North Peak but may acquire securities in the future.

ICP's services will primarily focus on correcting temporary imbalances in the supply and demand of North Peak's common shares. Additionally, the company clarified that 300,000 options granted to the CEO on March 10, 2025, will expire five years from the grant date.

North Peak Resources (TSXV: NPR) has announced a stock option grant to its Chief Executive Officer. The grant consists of 300,000 common shares at an exercise price of $0.61 per share. The vesting schedule is structured with 50% of the options vesting immediately, while the remaining 50% will vest on the first anniversary of the grant date.

North Peak Resources (TSXV: NPR) has announced a non-brokered private placement of up to 10,000,000 equity units at C$0.60 per unit, aiming to raise up to C$6,000,000. The company has the option to increase the placement by 1.5 million additional units, potentially raising total proceeds up to C$6,900,000.

Each unit consists of one common share and one-half warrant. Each whole warrant allows the purchase of one common share at C$0.90 within 18 months of issuance. An acceleration clause applies if shares trade at or above C$1.50 for 20 consecutive trading days.

The proceeds will fund exploration and development of mining assets, business development, and general administrative expenses. The private placement requires TSX Venture Exchange approval and includes a four-month hold period. The company may pay commission or finder's fees to eligible parties.

North Peak Resources (TSXV: NPR) has announced a significant leadership change with the appointment of Rupert Williams as Chief Executive Officer and director. Brian Hinchcliffe, the former CEO, will continue serving as Executive Chairman and Board member.

Williams brings extensive financial expertise, having been instrumental in raising over £500 million for mining companies during the past fifteen years. Since 2015, he has served as a director at Smaller Company Capital His previous experience includes co-founding Ocean Equities in 2003, where he led a team focused on junior and mid-cap mining companies.

The transition follows North Peak's successful drilling campaign at Prospect Mountain last year, with the company positioning itself for new developments in 2025. Williams, already familiar with North Peak as a shareholder and previous financing participant, will lead the company's next development phase.

North Peak Resources (TSXV: NPR) announced final assay results from its 2024 drilling campaign at Prospect Mountain Property in Nevada. The program included significant intersections in the Williams mine area, with hole PM24-035 intersecting 42.7m @ 2.1 g/t Au, including 4.6m @ 6.7 g/t Au and 6.1m @ 5.8 g/t Au.

Notable findings include continuous low-grade mineralization between Wabash and Williams trends, suggesting potential for bulk tonnage gold deposits. The drilling program, comprising 45 RC holes, demonstrated that mineralization is controlled by steeply-dipping zones rather than flat-dipping pods. The three highest-grade intersections included 22.9m @ 12.0 g/t Au, 27.4m @ 7.4 g/t Au, and 3.0m @ 12.8 g/t Au.

North Peak Resources announces significant drill results from its Prospect Mountain Property in Eureka, Nevada. The highlight is hole PM24-039, which intersected 22.9m @ 12.0 g/t Au, including an impressive 3.0m @ 85.7 g/t Au on a new western trend. This intersection occurred near the historic Wabash mine area, approximately 35m northwest of previous drilling.

The Phase 2 drilling program follows earlier successful results, including hole PM24-022 with 27.4m @ 7.0 g/t Au from surface. The new western trend shows potential for expansion, supported by additional mineralization in hole PM24-036 (7.6m @ 0.8 g/t Au) and surface rock chips averaging over 3 g/t Au.

North Peak Resources (TSXV: NPR) has received approval from the Bureau of Land Management to expand its exploration zone at the Prospect Mountain property in Eureka, Nevada. The modified Plan of Operations results in a 642% increase in the surface exploration area, now covering 189.9 acres including the main mountain ridge and the more accessible east side.

The company plans to begin drilling at Prospect Mountain East, targeting a historic Homestake hole with significant gold mineralization. This area shows potential for 'hidden' Carlin style mineralization beneath overthrust barren rocks. The Dunderberg shale Hamburg dolomite contact, important for localizing CRD and Carlin style mineralization, is present in this area, similar to the Ruby Deeps area within i-80's Ruby Hill property located 6km away.