Gold X2 Mining Inc Stock Price, News & Analysis

Gold X2 (OTCQB: GSHRF) reports final assays from its Main Zone grade control drilling at the Moss Gold Project (Jan 30, 2026), including wide, near-surface intercepts and a reconciliation versus the resource model.

Key outcomes: grade control drilling recorded 23% more intercept length versus modelled expectations and an 8% lower average grade, while delivering multiple high-grade intervals such as 49.0m @ 2.13 g/t Au and 15.0m @ 3.43 g/t Au.

Gold X2 (OTCQB: GSHRF) announced a non-brokered strategic financing package totaling $115,898,301 consisting of 75,659,611 Charity flow-through shares at $1.233 per share and 23,800,000 Units at $0.95 per Unit. AngloGold Ashanti will acquire 58,992,945 Charity FT Shares and hold approximately 9.9% of issued common shares on closing. Hess Capital (Michael Hess) will acquire 23,800,000 Units; each Unit includes one warrant exercisable at $1.42 until January 27, 2028. Proceeds will fund exploration and development of the Moss Gold Project; specified flow-through renouncements total $93,288,299.36 across two effective dates in 2026. Closings are expected in February 2026 and remain subject to TSXV approval and customary conditions.

Gold X2 Mining (OTCQB: GSHRF) released a PEA and updated MRE for the 100% owned Moss Gold Project (Ontario) effective Jan 2026. The PEA base case (US$2,750/oz) shows an after‑tax NPV5% of C$2.232B, IRR 22.1% and payback 3.2 years; a spot case (US$4,600/oz) yields NPV5% C$6.578B and IRR 48.6%. Average annual payable production is ~265,000 oz Au and 374,000 oz Ag over a 13.2‑year LOM. Initial capital is C$2.001B. Updated MRE reports Indicated 2.125 Moz Au and Inferred 3.91 Moz Au, with a 73% increase in Indicated ounces versus prior model.

Gold X2 Mining (OTCQB: GSHRF) signed a definitive agreement to assume Sky Gold's option on the Star Lake Property (10,540 ha), ~23 km east of its Moss Gold Project, expanding Gold X2's Shebandowan land package to 40,456 hectares. The staged earn-in gives Gold X2 rights to acquire 50%/75%/100% of the option interest subject to TSXV approval, defined cash, share issuances and exploration spends (including a $1,000,000 spend to March 14, 2028). Upon 100% acquisition Gold X2 may buy the mineral rights; a 2% NSR to the prospector remains with a $3M buyback right. Company to operate Star Lake and plans gradient-array geophysics in late 2026.

Gold X2 (OTCQB: GSHRF) announced the appointment of Michael Kanevsky as Chief Financial Officer, effective January 19, 2026. Kanevsky brings over 15 years of mining industry experience, including prior service as CFO at New Found Gold where he managed IFRS reporting, shelf prospectus and at-the-market equity offerings and dual listings.

The company granted Kanevsky 500,000 incentive stock options and 250,000 restricted share units; consultants received 850,000 options and 250,000 RSUs. The Options are exercisable at $0.64 per share and expire December 15, 2030. Management said the hire supports the company’s pursuit of a dual U.S. listing and capital markets objectives.

Gold X2 (OTCQB: GSHRF) completed a plan of arrangement on December 1, 2025 to acquire all shares of Kesselrun Resources, adding the 100% owned Huronian Gold Project contiguous to the Moss Gold Project. The acquisition adds 293 unpatented claims plus four patented cells (~5,181 hectares), bringing the Moss contiguous footprint to 28,977 hectares. Gold X2 also acquired a 100% interest in the non-core Bluffpoint Project (~9,134 hectares).

The company says the deal improves exploration upside along the Moss trend, optionality for mine infrastructure, and targets for near-surface high-grade ounces. Exploration on the new property is planned to begin in 2026. A separate proposed patent acquisition at the southwest end of the Moss Belt requires a final payment in October 2026.

Gold X2 Mining (OTCQB: GSHRF) filed its Q3 interim financial statements and accompanying MD&A, now available on SEDAR+.

The company highlights the advanced-stage 100% owned Moss Gold Project in Ontario, noting >$75 million of new capital invested and ~100,000 meters of drilling completed by the company (total project drilling ~255,000 meters).

The 2024 NI 43-101 MRE (effective Jan 31, 2024) reports 1.54 million oz Indicated at 1.23 g/t Au (38.96 Mt) and 5.20 million oz Inferred at 1.11 g/t Au (146.24 Mt). The MRE covers 3.6 km of a 35+ km mineralized trend and the filing references the March 20, 2024 technical report.

Kesselrun Resources (TSXV: KES) and Gold X2 Mining (OTCQB: GSHRF; TSXV: AUXX) announced shareholder and court approval of a plan of arrangement dated November 26, 2025.

Under the Arrangement, Gold X2 will acquire all issued and outstanding Kesselrun shares for approximately 0.2152 Gold X2 share plus $0.0213 cash per Kesselrun share; outstanding Kesselrun options convert on the same basis. At the November 21, 2025 meeting, 55,219,208 Kesselrun shares (58.70% of issued shares) were represented and 99.89% of votes cast approved the Arrangement. Kesselrun received a final order from the Supreme Court of British Columbia approving the Arrangement. Completion remains subject to customary closing conditions, including TSXV approval, and Kesselrun shares are expected to be delisted upon closing.

Gold X2 Mining (OTCQB: GSHRF) reported the third batch of grade control drill results from the Moss Main Zone on November 13, 2025, covering 19 shallow holes targeting marginal to core shears.

Key highlights show multiple long, near-surface corridors with elevated gold: 78.4m @ 1.44 g/t Au from 15.6m (MMD-25-246), 73.1m @ 1.08 g/t Au (MMD-25-228), 71.1m @ 1.08 g/t Au (MMD-25-245) and several internal higher-grade intervals including 16.2m @ 5.59 g/t Au and 18.2m @ 3.41 g/t Au. The program supports continuity of two parallel high-grade shears and will inform upcoming infill drilling, metallurgical testwork, and MRE upgrades.