Grande Porta Stock Price, News & Analysis

Grande Portage Resources has filed its 2025 Plan of Operation for continued mineral exploration at the New Amalga Mine Gold project near Juneau, Alaska. The proposed work schedule includes up to 10,000 meters of diamond drilling from eight pads to drill approximately 15 holes. The drilling will test the main mineralized structures of the Goat, Main, Sleeping Giant and Deep Trench veins.

The property is part of the Juneau gold belt, with veins traceable for over 500m along strike and from 130m above sea level to 350m below. The major veins remain open for expansion. The company has also granted 250,000 stock options to two consultants at CAD$0.30 per share for five years, subject to TSX Venture Exchange approval.

Grande Portage Resources has completed the first closing of 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 includes one common share and one purchase warrant exercisable at C$0.45 until November 13, 2026. The offering was conducted under the Listed Issuer Financing Exemption (LIFE). Red Cloud Securities, Canaccord Genuity, and Ventum Financial acted as finders, receiving C$70,770 in cash compensation and 235,900 warrants. The proceeds will be used for exploring the Amalga project in Alaska and working capital purposes.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) announces a non-brokered private placement of up to 10,000,000 units at C$0.30 per unit to raise up to C$3,000,000. Each unit includes one common share and one warrant exercisable at C$0.45 for 24 months. Red Cloud Securities will act as finder, receiving 7% cash compensation and 7% finder warrants exercisable at C$0.30 for 24 months. The offering, closing in multiple tranches between November 12-30, 2024, will fund exploration of the New Amalga Mine project in Alaska and working capital. The units will not be subject to statutory hold period in Canada under LIFE Exemption.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) has developed a Conceptual Mining Plan for its newly renamed New Amalga Mine Project in SE Alaska. The plan, created by OreLogic , evaluates a selective underground mining operation with off-site processing. Key benefits include:

- No on-site tailings or permanent waste rock storage
- Reduced environmental footprint
- Simplified closure and reclamation
- Lower project construction CAPEX
- De-risked permitting process

The project boasts Indicated Resources of 1,438,500 ounces at 9.47gpt gold and Inferred Resources of 515,700 ounces at 8.85gpt gold. Grande Portage plans to advance the project using a Direct Shipping Ore (DSO) platform.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FRA:GPB) has successfully closed a non-brokered private placement, raising $1,050,520 through the issuance of 5,836,221 Units at $0.18 per unit. Each unit comprises one common share and one share purchase warrant, allowing holders to buy an additional GPG common share at $0.25 within 24 months of closing.

The company will pay $22,858 in cash and issue 119,210 Finders Warrants as part of the offering. All securities issued are subject to a four-month hold period. The closing is pending final approval from the TSX Venture Exchange.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FRA:GPB) has announced an update on its non-brokered private placement. The offering, initially announced on July 30, 2024, for up to 5,555,555 Units, has been over-subscribed and will now consist of 5,836,221 Units at a price of $0.18 per Unit. This will result in gross proceeds of $1,050,520, subject to TSX Venture Exchange approval.

Each Unit comprises one common share and one share purchase warrant, allowing the holder to purchase an additional GPG common share at $0.25 within 24 months of closing. The Company will pay $22,858 in cash and issue 119,210 Finders Warrants as part of the offering. All securities issued will have a four-month hold period.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) has announced a non-brokered private placement to raise up to $1,000,000. The company plans to issue up to 5,555,555 units at $0.18 per unit. Each unit consists of one common share and one full share purchase warrant, exercisable at $0.25 for an additional common share within 24 months of closing.

The proceeds will be used to advance exploration at the company's Herbert Gold property in southeast Alaska and for general working capital. The offering is subject to TSX Venture Exchange acceptance, and finders' fees may be paid. All securities issued will have a four-month hold period.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) has filed an updated technical report on its Herbert Gold Project near Juneau, Alaska on SEDAR+. The report, effective July 17th, 2024, details Indicated Resources of 1,438,500 ounces at 9.47gpt gold and Inferred Resources of 515,700 ounces at 8.85gpt gold. Prepared by DRW Geological Consultants , the report complies with NI 43-101 standards and includes project history, geology, mineralization, drilling, sampling procedures, and QA/QC protocols. The company has also granted 2,600,000 stock options to Directors, Officers, and Consultants, exercisable at $0.20 CAD for five years, subject to TSX Venture Exchange approval.

Grande Portage Resources has released an updated NI 43-101 Independent Mineral Resource Estimate for its Herbert Gold Deposit in S.E. Alaska.

The estimate includes:

An Indicated Resource of 1,438,500 ounces of gold at 9.47 gpt from 4,726,000 tonnes and an Inferred Resource of 515,700 ounces at 8.85 gpt from 1,813,000 tonnes.

Silver resources are also reported with 891,600 ounces at 5.86 gpt in the Indicated category and 390,600 ounces at 7.33 gpt in the Inferred category.

The estimate was based on data from 240 drill holes, including new high-grade discoveries.

The company aims to develop the deposit using a low environmental impact approach.