Grande Porta Stock Price, News & Analysis

Grande Portage Resources (GPTRF) has increased its non-brokered private placement offering from its initial announcement on June 3, 2025, due to strong institutional investor demand. The company will now offer up to 22.5 million units at C$0.20 per unit, aiming to raise C$4.5 million. Each unit consists of one common share and one warrant exercisable at C$0.26 for 36 months. Red Cloud Securities will act as finder, receiving 7% cash compensation and 7% finder warrants. The proceeds will fund exploration and development of the New Amalga Mine project in Alaska, including a Preliminary Economic Assessment. The offering is expected to close in multiple tranches between June 13 and July 7, 2025, subject to TSX Venture Exchange approval.

Grande Portage Resources (GPTRF) has announced a non-brokered private placement offering to raise up to C$2 million through the issuance of 10 million units at C$0.20 per unit. Each unit comprises one common share and one warrant exercisable at C$0.26 for 36 months. The offering is being conducted under the LIFE Exemption with no statutory hold period in Canada. Red Cloud Securities will act as finder, receiving 7% cash compensation and 7% finder warrants exercisable at C$0.20 for 36 months. The proceeds will fund exploration and development of the New Amalga Mine project in Alaska, including a Preliminary Economic Assessment. The offering is expected to close in multiple tranches between June 13 and July 7, 2025, subject to regulatory approvals.

Grande Portage Resources announced significant progress in the development of the Cascade Point Marine Terminal near Juneau, Alaska. The Alaska Department of Transportation & Public Facilities (DOT&PF) is initiating a $20-30 million design-build contract for Phase 1 of a passenger ferry terminal at the site. The project includes earthworks, marine area materials, bridge replacement, and year-round access road construction. Grande Portage and Goldbelt Inc. (site owner) have a Letter of Intent to develop a freight barge terminal for ore transportation from the New Amalga Gold Project. While the ore terminal can be developed independently, the passenger ferry terminal's infrastructure development will reduce time and costs for the future ore terminal construction, creating synergies for both projects and benefiting the local economy.

Grande Portage Resources (GPTRF) has staked 64 new federal claims adjacent to its existing New Amalga Gold project in Southeast Alaska. These claims will accommodate future surface facilities for a potential underground mine, including infrastructure for electrical utilities, equipment maintenance, ore sorting, and other operational needs. The company plans to utilize off-site processing through a third party, leveraging the project's proximity to tidewater and existing paved highway (less than 4 miles away). This strategy eliminates the need for on-site ore processing facilities, reducing construction costs and environmental impact. Key benefits include no on-site tailings disposal, no permanent waste rock storage, and no chemical reagents usage. Environmental studies are ongoing to optimize facility layout while protecting local ecosystems.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) has applied to the TSX Venture Exchange to extend the expiry date of 5,550,000 outstanding unlisted common share purchase warrants. The warrants, currently exercisable at $0.30 per share, were initially issued as part of a non-brokered unit private placement in May 2023. The company seeks to extend the warrants' expiry date to May 10, 2026 at 4:30 pm PST, subject to TSX Venture Exchange approval.

Grande Portage Resources (GPTRF) has announced remarkable results from sensor-based ore sorting testwork at its New Amalga Mine Project near Juneau. The testing demonstrated a significant 120% increase in gold grade and a 57% reduction in mass with minimal gold loss.

Key results show that from a 64.8 kg sample with an initial gold grade of 5.9 g/t, the sorting process produced 27.6 kg of sorted product at 12.9 g/t gold while rejecting 37.2 kg of waste material containing only 0.6 g/t gold. The process successfully retained 94% of the gold content while removing 57% of the mass.

The company's conceptual mining plan involves selective underground mining with off-site processing at a third-party facility, leveraging the project's proximity to tidewater and existing infrastructure. The ore sorting technology, tested at Steinert US Inc's facilities, uses sensors to separate waste rock from valuable ore without chemical reagents.

Grande Portage Resources (GPTRF) has initiated comprehensive environmental and cultural baseline studies for its New Amalga Gold Project, located 16 miles northwest of Juneau, Alaska. The studies include:

• Wetlands Delineation by Stantec Consulting Services
• Surface Water Sampling by Cox Environmental
• Archeological & Cultural Resources Review by Stephen R. Braund & Associates
• Meteorological & Hydrological Studies by Boreal Services
• Aquatic Studies by Alaska Department of Fish & Game

The company's Conceptual Mining Plan envisions a selective underground mining operation with off-site ore processing at a third-party facility. This approach eliminates the need for on-site chemical processing or tailings storage facilities, significantly reducing the project's environmental footprint. The project's strategic location near tidewater and less than 4 miles from existing paved highway supports this operational model.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) has initiated testwork for a sensor-based ore sorting system at its New Amalga Mine Project near Juneau, Alaska. The project's Conceptual Mining Plan envisions a selective underground mining operation with off-site processing at third-party facilities, leveraging its proximity to tidewater and existing infrastructure.

The company is working with Steinert US Inc to test ore sorting technology using a drill core composite that reflects expected production conditions. The technology uses color, electromagnetic induction, and x-ray analysis to separate waste rock from valuable ore without chemical reagents. This approach could significantly reduce transportation and processing costs while providing material for underground backfill.

The New Amalga deposit is considered suitable for ore sorting due to distinct visual and geochemical differences between wall rock and quartz vein resources. The company has also engaged marketing services from 1000903966 Ontario Inc. for a 90-day term starting January 6, 2025, at CAD$12,000.

Grande Portage Resources has successfully completed its non-brokered private placement, raising C$1,041,000 through the sale of 3,470,000 units at C$0.30 per unit. Each unit comprises one common share and one purchase warrant, with warrants exercisable at C$0.45 per share until November 13, 2026.

The offering was conducted under the Listed Issuer Financing Exemption of National Instrument 45-106. The company plans to utilize the net proceeds to advance exploration and development at its New Amalga Gold project in Alaska and for general working capital purposes.