CEO.CA's Inside the Boardroom: Canagold Completes Feasibility, Decade-Long First Nations Partnership to Guide Permitting

Rhea-AI Summary

Canagold Resources (OTCQB: CRCUF) has achieved a significant milestone by completing the feasibility study for its New Polaris project, marking a rare achievement as only 0.2% of exploration projects reach this stage. The company has built a decade-long partnership with First Nations and made important project modifications, including the removal of cyanide from their process based on community feedback.

The company is now focusing on three key initiatives to enhance project economics: developing antimony revenue potential, implementing run-of-river hydroelectric power, and exploring resource expansion opportunities, while proceeding with environmental permitting.

Positive

• Completion of feasibility study - a milestone reached by only 0.2% of exploration projects
• Established decade-long relationship with First Nations communities
• Demonstrated environmental responsibility by removing cyanide from processes
• Three clear initiatives identified for enhancing project economics

Negative

• Environmental permitting process still pending
• Project construction has not yet begun

Toronto, Ontario--(Newsfile Corp. - August 5, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers.

Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.

Meet the Executive Shaping the Mining Landscape

'Inside the Boardroom' is more than just an interview series - it's a chance to gain firsthand knowledge from industry leaders, understanding their vision, challenges, and strategy.

We caught up with Catalin Kilofliski, CEO of Canagold Resources Ltd. (TSX: CCM) (OTCQB: CRCUF) (FSE: CANA) to look at the feasibility study for the New Polaris project and the path ahead through environmental permitting.

The feasibility study represents the final engineering milestone before construction, with industry data showing only two out of every thousand exploration projects reach this stage. With a decade-long relationship with local First Nations already established and cyanide removed from their process based on community feedback, Canagold is now focused on completing environmental permitting while working on three initiatives to enhance project economics: unlocking antimony revenue potential, developing run-of-river hydroelectric power, and exploring resource expansion opportunities.

Canagold Resources Ltd.
(TSX: CCM) (OTCQB: CRCUF) (FSE: CANA)

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About CEO.CA

The leading community for investors & traders in junior resource & venture stocks. CEO.CA is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, CEO.CA has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at CEO.CA to set up your free account.

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Neither the TSX Venture Exchange ("TSXV"), OTC Best Market "(OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement

The information regarding any issuer contained or referred to in any interviews conducted by CEO.CA has been furnished by such issuer directly, and neither CEO.CA nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the CEO.CA platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. CEO.CA disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261011

FAQ

What major milestone has Canagold Resources (CRCUF) achieved for its New Polaris project?

Canagold has completed the feasibility study for New Polaris, a significant achievement reached by only 2 out of 1,000 exploration projects.

How has Canagold Resources addressed First Nations concerns in the New Polaris project?

Canagold has maintained a decade-long partnership with First Nations and removed cyanide from their process based on community feedback.

What are the three initiatives Canagold is pursuing to enhance New Polaris project economics?

Canagold is focusing on unlocking antimony revenue potential, developing run-of-river hydroelectric power, and exploring resource expansion opportunities.

What is the next major step for Canagold's New Polaris project after the feasibility study?

The next major step is completing the environmental permitting process while simultaneously working on economic enhancement initiatives.

What makes Canagold's feasibility study completion significant in the mining industry?

The achievement is significant as only 0.2% of exploration projects (2 out of 1,000) successfully reach the feasibility study stage.