Falcon Gold Stock Price, News & Analysis

Falcon Gold Corp. has announced the acquisition of 76 claims covering approximately 33 sq. km in the Nickel North area of Quebec. This strategic acquisition positions Falcon within the vicinity of significant nickel and copper resources, including the recently optioned Hawk Ridge Property by 1844 Resources. The Hawk Ridge project has an inferred mineral resource estimate of 29.44 Mt grading 0.20% Ni. Falcon's acquisition includes a cash payment of $17,500, issuance of 200,000 shares, and warrants. CEO Karim Rayani emphasized the importance of this acquisition for diversifying into critical elements like nickel amidst growing demand for battery metals. Falcon also clarified the terms of its Area 51 Project acquisition in Chile. This expansion reflects Falcon's commitment to exploring high-grade nickel resources.

Falcon Gold Corp. (OTCQB:FGLDF) announced the acquisition of 4,000 hectares of exploration claims for the Area 51 Project in the Inca Del Oro mining district, Chile. This region is recognized for its substantial mineral deposits, including the Inca de Oro porphyry deposit. Highlights of the project include:

• 100% ownership with excellent infrastructure access.
• Surrounded by major mining companies like Newmont and Freeport McMoran.
• Identified potential for copper and gold mineralization based on historical mining operations.

The acquisition cost is US$10,000 in cash, along with 200,000 shares and warrants, with a future option to buy 1% NSR for US$1.2 million.

Falcon Gold Corp. announced the passing of R. Stuart "Tookie" Angus, a respected business advisor and significant shareholder. Tookie served as a strategic advisor to the company since early 2019, bringing extensive experience from his legal and mining career, including past roles at Fasken, Endeavour Financial, and various mining companies. Falcon Gold, focused on mineral exploration in the Americas, holds several projects including the Central Canada Gold Mine, located near a significant gold deposit. CEO Karim Rayani expressed deep condolences for Tookie’s loss, emphasizing his invaluable contributions and legacy.

Falcon Gold Corp (FGLDF) announced it has successfully oversubscribed its non-brokered private placement, raising a total of $1,392,749.92. The offering comprised 9,246,154 flow-through units priced at 13 cents and 1,734,090 non flow-through units at 11 cents, each paired with warrants for future share purchases. Proceeds will fund exploration in British Columbia, Ontario, Newfoundland, and Quebec. The issuance is subject to a four-month hold and requires approval from the TSX Venture Exchange.

Falcon Gold Corp. and Marvel Discovery have commenced exploration on their Golden Brook Projects in Newfoundland. The projects are strategically located near the Kraken Pegmatite Field and within proximity to the Hope Brook Gold Mine, which previously produced 752,163 ounces of gold. Current efforts include prospecting and till sampling to assess mineralization potential, with drilling planned for early 2023. This area has garnered attention due to nearby lithium discoveries, suggesting promising mineral opportunities for the Alliance.