STOCK TITAN

HighGold Mining Inc. - HGMIF STOCK NEWS

Welcome to our dedicated page for HighGold Mining news (Ticker: HGMIF), a resource for investors and traders seeking the latest updates and insights on HighGold Mining stock.

HighGold Mining Inc. (HGMIF) is a mineral exploration company focused on advancing the Johnson Tract Gold Project in Southcentral Alaska, USA. The project includes the high-grade JT Deposit, with an indicated resource of 1.05 Moz at 9.39 g/t gold equivalent. Recent results from the 2023 exploration program confirm the extension of high-grade gold mineralization at the Ellis Zone. The company is actively engaged in exploration activities to expand known zones of mineralization, test new prospects, and conduct geotechnical studies. HighGold is committed to creating shareholder value through careful allocation of capital and environmentally responsible exploration.

Rhea-AI Summary

Contango ORE has finalized its acquisition of HighGold Mining, following approvals from HighGold's securityholders and the Supreme Court of British Columbia. The deal, executed through a court-approved plan of arrangement, involves Contango issuing 1,698,887 shares to HighGold shareholders. HighGold shares will be delisted from the TSX Venture Exchange on July 11, 2024, and the company will cease public reporting. Darwin Green, HighGold's CEO, joins Contango's board. The acquisition aligns with Contango's strategy to boost gold production to 200,000 ounces annually using their Direct Ship Ore model, reducing environmental impact and capital requirements.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

HighGold Mining has received a final order from the Supreme Court of British Columbia approving its arrangement with Contango ORE. As part of this arrangement, HighGold shareholders will receive 0.019 shares of Contango for each HighGold share they hold. The arrangement was approved by HighGold's securityholders at a special meeting on June 27, 2024. The transaction is expected to close on or around July 9, 2024, pending customary closing conditions. More details can be found in the company's management information circular dated May 29, 2024, available on SEDAR+ and the company's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-100%
Tags
none
-
Rhea-AI Summary

HighGold Mining announced that its shareholders and optionholders have overwhelmingly approved the planned arrangement with Contango ORE. At a special meeting, 93.69% of HighGold shareholders and 94.39% of security holders approved the deal. A final order from the Supreme Court of British Columbia is expected on July 2, 2024, with the transaction anticipated to close around July 9, 2024, pending standard regulatory approvals. This transaction is seen as beneficial for shareholders, aligning with Contango's plans for the JT Project this year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

HighGold Mining reminds shareholders to vote at a special meeting on June 27, 2024, regarding a plan for Contango ORE to acquire all HighGold shares. Shareholders will receive 0.019 Contango shares for each HighGold share. HighGold's board recommends voting in favor. An interim order from the Supreme Court of British Columbia has authorized the meeting. The company has disclosed implications under Multilateral Instrument 61-101, acknowledging change of control payments to directors Darwin Green and Michael Gray, categorizing them as 'collateral benefits', necessitating a 'minority approval' vote. For the resolution to pass, it requires a two-thirds majority from shareholders and a simple majority excluding votes of related parties receiving benefits.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Contango ORE, Inc. (NYSE American: CTGO) is acquiring HighGold Mining Inc. in a deal valued at approximately US$37 million, with HighGold shareholders owning 15% of the combined company. The transaction aims to create a leading Alaskan gold company with growth potential and a strong portfolio. The deal benefits Contango shareholders with the addition of the high-grade Johnson Tract Project to their portfolio, while HighGold shareholders receive an upfront premium and participation in a growth-focused gold mining company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.69%
Tags
-
Rhea-AI Summary
HighGold Mining Inc. releases final results from the 2023 airborne geophysical surveys at the Johnson Tract Gold Project in Alaska, identifying 12km trend of precious metal targets and new intrusion-related Cu-Au targets. The survey successfully fingerprints the JT Deposit alteration and outlines potential mineralization targets, showcasing the district-scale potential of the property.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.31%
Tags
none
Rhea-AI Summary
HighGold Mining Inc. (TSXV: HIGH) (OTCQX: HGMIF) announces the granting of incentive stock options and restricted share units under the Company's Omnibus Share Incentive Plan to officers, directors, employees, and consultants. 3,185,000 Options were granted at an exercise price of $0.35 per share for a period of five years, and 1,200,000 RSUs were granted and will vest over 12 to 36 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
none
-
Rhea-AI Summary
HighGold Mining Inc. (TSXV: HIGH) (OTCQX: HGMIF) reports infill drilling results at Johnson Tract polymetallic Gold Project, including thick, high-grade mineralization yielding 33.6m at 12.1 g/t AuEq. The company also initiated scoping work for potential DSO scenarios and launched advanced exploration activities to support the evaluation of a potential high-grade, low-impact, underground mine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
Tags
none
-
Rhea-AI Summary
HighGold Mining Inc. announces initial assay results from its 2023 exploration program at the Johnson Tract Gold Project in Alaska. Highlights include 2.2m at 57.0 g/t AuEq in hole DC23-070. The results confirm the western extension of high-grade gold mineralization at the Ellis Zone. Two drill rigs are currently active on site, focused on expanding the Ellis Zone and JT Deposit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
HighGold Mining Inc. resumes trading on the US OTCQX platform under new ticker HGMIF after receiving regulatory approval for new CUSIP number 42984X109. Nicole Hoeller joins as Vice-President, Corporate Communications, bringing extensive experience in investor relations and stakeholder relations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
Tags
management

FAQ

What is the focus of HighGold Mining Inc.?

HighGold Mining Inc. is focused on advancing the Johnson Tract Gold Project in Southcentral Alaska, USA.

What is the indicated resource at the JT Deposit?

The JT Deposit has an indicated resource of 1.05 Moz at 9.39 g/t gold equivalent.

What recent results have been announced by HighGold Mining Inc.?

Recent results from the 2023 exploration program confirm the extension of high-grade gold mineralization at the Ellis Zone.

What activities is HighGold currently engaged in?

HighGold is actively engaged in exploration activities to expand known zones of mineralization, test new prospects, and conduct geotechnical studies.

How does HighGold aim to create shareholder value?

HighGold aims to create shareholder value through the careful allocation of capital and environmentally responsible mineral exploration.

HighGold Mining Inc.

OTC:HGMIF

HGMIF Rankings

HGMIF Stock Data

30.11M
85.53M
2.43%
13.42%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver