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Grande Portage Resources Ltd. advances the New Amalga Gold Project in Southeast Alaska, a gold project about 25 kilometers north of Juneau. News about GPTRF centers on NI 43-101 technical reporting, Preliminary Economic Assessment work, drilling and resource-definition programs, geotechnical and hydrogeological studies, and environmental data collection tied to project review and permitting.
Company updates also cover U.S. Forest Service authorizations, geochemical characterization and backfill testwork, socioeconomic impact analysis, access and infrastructure planning, and capital-markets status, including the company’s U.S. OTCQX trading under the symbol GPTRF.
Grande Portage Resources (OTCQX: GPTRF) received a favorable State of Alaska Regional Manager's Decision granting a road easement for its New Amalga Gold Project near Juneau. Only 3.4 miles (about 5.5 km) of access road are required from the public highway, with just over one‑third on State land and the balance on US Forest Service land requiring separate federal review.
The easement is split into Phase One, covering an initial road segment and helicopter staging area, and Phase Two, covering the remaining mine access road on State land up to federal boundaries. Phase One is expected to reduce helicopter shuttle distances for equipment and supplies by about 60% per cycle, improving exploration efficiency and reducing noise in residential areas. Phase Two remains contingent on USFS authorizations but is already included in the decision, avoiding a separate State easement process. The company highlights a 100%‑owned project with an NI 43‑101 MRE of 1,438,500 oz gold indicated at 9.47 g/t and 515,700 oz inferred at 8.85 g/t, plus significant silver resources.
Grande Portage Resources (OTCQX: GPTRF) reported it has reached the midpoint of its 2026 drill program at the New Amalga Gold Project in southeast Alaska, with 1,605 metres of 3,255 planned metres (49%) drilled and 5 of 12 holes completed as of August 9.
The company is pivoting from pure exploration toward collecting extensive hydrogeological and geotechnical data to support mine planning, environmental review and permitting. Environmental infrastructure is advancing, including a river-monitoring gauge and foundations for two meteorological towers, alongside wetlands mapping and wildlife, botanical and geochemical baseline studies.
All 6,005,431 outstanding warrants were exercised at $0.25, generating about $1.50 million to fund field programs, team expansion and corporate purposes. Subject to TSXV approval, 275,000 incentive stock options were granted at $0.35, expiring August 12, 2031. The New Amalga NI 43-101 MRE includes 1,438,500 oz indicated gold at 9.47 g/t and 515,700 oz inferred gold at 8.85 g/t.
Grande Portage Resources (OTCQX: GPTRF) announced that its New Amalga Gold Project was accepted on July 30, 2026 as a “Covered Project” under the U.S. Federal Permitting Improvement Steering Council’s FAST-41 program. This status is intended to provide coordinated federal agency review, predictable regulatory timelines, and public tracking via the Permitting Dashboard.
The company holds a 100% interest in New Amalga, located about 25 km north of Juneau, Alaska, within the Juneau Gold Belt. An updated NI 43-101 Mineral Resource Estimate effective July 17, 2024 outlines Indicated resources of 1,438,500 oz gold at 9.47 g/t and Inferred resources of 515,700 oz gold at 8.85 g/t, plus Indicated 891,600 oz silver at 5.86 g/t and Inferred 390,600 oz silver at 7.33 g/t.
Grande Portage (OTCQX:GPTRF) closed a C$6 million equity financing with Ocean Partners UK at $0.45 per Unit. Each Unit includes one share and half a Warrant, exercisable at $0.60 for 24 months. Proceeds fund development, studies, permitting, and general corporate purposes.
Securities carry a four-month statutory hold and a 24-month contractual hold for Ocean Partners.
Grande Portage Resources (OTCQX:GPTRF) reported that all preliminary cemented rockfill (CRF) samples from New Amalga met or exceeded uniaxial compressive strength criteria for overhand longhole stoping using 4% cement binder.
The company plans further higher‑cement tests for underhand stoping, ongoing geochemical characterization, and highlights a high‑grade gold resource and strong PEA economics for its small‑footprint underground development concept.
Grande Portage (OTCQX:GPTRF) announced a binding term sheet with Ocean Partners covering a 7-year commercial offtake, a $6 million equity financing, and a US$25 million construction and overrun loan facility for the New Amalga Gold Project.
The deal would make Ocean Partners the second-largest shareholder and supports permitting, development studies, and construction, with the project targeting NEPA initiation in 2027, permits by mid-2029, and initial production in 2031, subject to conditions and approvals.
Grande Portage Resources (OTCQX:GPTRF) began its 2026 drill program at the New Amalga Gold Project near Juneau, Alaska. Up to 4,300 meters in 14 holes will focus on resource definition plus geotechnical and hydrogeological work to support environmental review, permitting and mine design.
The project hosts an Indicated Resource of 1,438,500 oz gold at 9.47 g/t and an Inferred Resource of 515,700 oz gold at 8.85 g/t. A February 11, 2026 PEA outlines after-tax NPV5 of US$721m and IRR of 56% at US$3,200/oz gold, with offsite processing to reduce site footprint.
Grande Portage Resources (OTCQX:GPTRF) is advancing engineering and environmental studies at the New Amalga Gold Project near Juneau, Alaska to support state and federal permitting. The project hosts an Indicated resource of 1.44 Moz gold at 9.47 g/t and Inferred 0.52 Moz at 8.85 g/t, plus silver resources.
A February 11, 2026 PEA outlines a small-footprint underground mine with offsite processing, showing after-tax NPV5 of US$721m and IRR of 56% at US$3,200/oz gold. Extensive baseline work and an LOI for an ore export terminal are in place.
Grande Portage Resources (OTCQX:GPTRF) has upgraded from the OTCQB Venture Market to the OTCQX Best Market, enhancing access to U.S. investors and capital markets. Common shares begin trading on OTCQX under GPTRF.
Shareholders also exercised 5,550,000 warrants at $0.30, adding $1.65M to the treasury for field programs, technical staff in SE Alaska, and general corporate purposes.
Grande Portage Resources (OTCQB:GPTRF) published a McKinley Research Group socioeconomic impact study for the New Amalga Gold Project (effective PEA date Feb 11, 2026).
Key findings: 565 Alaska jobs during operation (277 direct; 195 filled by Alaska residents; 475 in Juneau area), $77.1M total annual labor income in Alaska, $129M state/local taxes over mine life, and construction-phase employment and income estimates.