Welcome to our dedicated page for Canagold Resources news (Ticker: CRCUF), a resource for investors and traders seeking the latest updates and insights on Canagold Resources stock.
Canagold Resources Ltd. reports developments tied to its advanced mineral-development business and its 100%-owned New Polaris gold-antimony project in northwest British Columbia. Company news commonly covers feasibility and technical reporting, environmental assessment and permitting activity, metallurgical work on antimony recovery, project development planning, and engagement with Indigenous Nations and local communities.
Updates also include capital actions such as common-share and flow-through share financings, use of proceeds for exploration and project development, insider participation in offerings, and management additions related to permitting and compliance. The recurring news profile centers on New Polaris as a gold-antimony asset moving through feasibility, permitting, and development-stage work.
Canagold Resources (OTCQB: CRCUF) has announced positive antimony flotation test results from its New Polaris gold-antimony project in British Columbia. The tests produced a high-quality concentrate grading 59.1% Sb and 98.3 gpt Au, with impressive recovery rates of 93.1% for antimony and 91.8% for gold in combined concentrates.
While the project's July 2025 Feasibility Study demonstrated strong economics with low Capex and AISC, it did not include potential antimony revenue. The project contains 5,630 tonnes of antimony grading 0.6% in Indicated Resources, with 5,173 tonnes included in mine plans. The company continues metallurgical testing to evaluate including antimony revenue in the project's financial model.
Canagold Resources (OTC-QB: CRCUF) has filed a Technical Report for the Feasibility Study of its wholly-owned New Polaris gold-antimony project in British Columbia, Canada. The study reveals compelling economics with an after-tax NPV of $425 million and an IRR of 30.9% at a base gold price of $2,500/oz.
The project demonstrates strong potential with a 2.4-year payback period and estimated pre-production capital expenditures of $250 million. The high-grade underground mine is expected to produce 805,589 ounces of recovered gold over its life, with an average diluted grade of 9.94 g/t gold. The life of mine all-in sustaining cost is projected at $1,247 per ounce.
Canagold Resources (OTC-QB: CRCUF) has successfully closed a $4 million financing through a combination of charity flow-through shares and regular common shares. The company issued 4,651,163 flow-through shares at $0.43 per share and 5,128,205 regular common shares at $0.39 per share.
The proceeds from flow-through shares will fund Canadian exploration expenses at the New Polaris project, while proceeds from regular shares will be used for working capital. Sun Valley Investments AG and its affiliate Goldlogic Corp. participated significantly in the offering, increasing their aggregate ownership to 48.25% of the company's outstanding shares.
Canagold Resources (OTC-QB: CRCUF) has announced positive Feasibility Study results for its 100% owned New Polaris gold-antimony project in British Columbia. The study demonstrates robust economics with an after-tax NPV of C$425 million and IRR of 30.9% at a base gold price of US$2,500/oz, or NPV of C$793 million and IRR of 47.3% at current spot gold price of US$3,300/oz.
The project features low initial CAPEX of C$250 million and attractive AISC of US$1,247/oz. The high-grade underground mine is expected to produce 805,589 ounces of recovered gold over an 8.3-year mine life, with an average grade of 9.94 g/t gold. While significant antimony resources have been identified, the current feasibility study excludes antimony revenue pending additional metallurgical testing.
Canagold Resources (TSX: CCM, OTC-QB: CRCUF) has announced a Mineral Resource Update for its New Polaris Gold Project, specifically quantifying the antimony metal content within the existing gold resource. The update reveals 5,630 tonnes of antimony within the indicated gold resource and 1,195 tonnes within the inferred gold resource.
The resource estimation is based on metal prices of US$1,750/oz Au with a 0.75 US:CDN forex rate, including 99% payable metal for gold. The project's economics factor in mining costs of CDN$82.78/t, processing costs of CDN$105.00/t, and G&A costs of CDN$66.00/t, with a metallurgical gold recovery rate of 90.5%.
The company views this antimony resource as a potential additional revenue stream, positioning Canagold as a significant player in Canada's critical mineral supply chain. The antimony resource is reported as a subset of the total mineral resource at a 4 gpt Au cutoff.
Canagold Resources (TSX: CCM, OTC-QB: CRCUF) has achieved a significant permitting milestone for its New Polaris Project in northwestern British Columbia. The British Columbia Environmental Assessment Office (BCEAO) has issued a process order, allowing the project to advance to the Application Development and Review phase of the Environmental Assessment.
This development enables Canagold to prepare and submit its application for an Environmental Assessment Certificate while maintaining engagement with Indigenous Nations, regulatory bodies, and stakeholders. The BCEAO's decision followed a comprehensive review process that incorporated feedback from participating Indigenous Nations, the Technical Advisory Committee, Alaskan Tribes, and the public through a comment period.
Canagold Resources has announced significant antimony mineralization at its New Polaris Gold Project, alongside its existing gold resources. Antimony, classified as a critical mineral by Canada, US, and EU, is essential for defense technologies, semiconductors, fire retardants, and solar panels manufacturing.
The 2022 metallurgical test program, involving a 700 kg master composite with 390 mineralized drill core intervals, demonstrated a 92% antimony recovery rate in the bulk sulphide gold concentrate, with an average antimony grade of 0.44% in feed and 3.07% in concentrate. Notable drill intercepts showed high antimony concentrations, including 9.08% over 5.1m and 11.86% over 2.0m.
The company plans further evaluation of the antimony resource and additional metallurgical testwork in 2025 to assess the total resource and determine optimal processing conditions. This development could create a new revenue stream with minimal additional costs, as there are currently no producing antimony mines in Canada.
Canagold Resources has achieved a significant milestone for its New Polaris Project in northwestern British Columbia. The British Columbia Environmental Assessment Office (BCEAO) has recommended the project proceed to the Process Planning Phase of the environmental assessment, supported by the Taku River Tlingit First Nation.
Key project improvements include:
- Producing high-grade flotation concentrate instead of on-site dore
- Reduced power requirements and potential for on-site hydro power
- No cyanide usage in the flotation process
- Improved freight transportation with concentrate flown off-site
- Reduced on-site storage facilities
These changes address environmental concerns and enhance the project's economic viability. The company remains committed to responsible mining practices and collaboration with Indigenous groups, stakeholders, and regulators in British Columbia and Alaska.
Canagold Resources (TSX: CCM, OTC-QB: CRCUF) has announced sample assay results from two additional drill holes in its resource expansion program at the New Polaris Gold project in northwestern British Columbia. The drilling targeted the North Zone and yielded significant gold intercepts, including:
- 10.8 g/t gold over 4.3 m (including 15.5 g/t over 2.0 m)
- 10.4 g/t gold over 3.6 m (including 12.3 g/t over 1.3 m)
- 14.1 g/t gold over 1.1 m
- 10.4 g/t gold over 1.2 m
The drilling program has been completed with 10,300 meters drilled in 34 holes, intercepting five separate mineralization zones. Modeling of the results is in progress to assess the potential for expanding the project's high-grade resources.
Canagold Resources (TSX: CCM, OTC-QB: CRCUF) has announced sample assay results from 26 drill holes in its resource expansion program at the New Polaris Gold project in northwestern British Columbia. Highlights include:
- 20.2 g/t gold over 4.4 m in Hole NP24-09
- 18.3 g/t gold over 4.5 m in Hole NP24-28
- 14.9 g/t gold over 2.1 m in Hole NP24-11
- 12.4 g/t gold over 3.2 m in Hole NP24-25
- 9.4 g/t gold over 9.8 m in Hole NP24-09
The drilling program, now completed with 10,300 meters in 34 holes, has intercepted five separate mineralization zones. CEO Catalin Kilofliski stated the results are encouraging and highlight the potential to expand shallow, high-grade resources at New Polaris.