Hertz Energy Inc. explores and acquires mineral properties, with public updates focused on junior critical-minerals projects in Eastern Canada. Its recurring news themes include lithium and antimony exploration in Quebec and New Brunswick, the Lake George Antimony-Tungsten-Gold Project near the historic Lake George Antimony Mine, acquisition of historical technical data, claim expansion, and exploration-program planning.
Company announcements also cover financing and capital-structure actions, including non-brokered private placements, common share and warrant units, and completed share consolidation activity. These updates frame Hertz Energy as an exploration-stage issuer whose disclosures are tied to mineral-property access, technical evaluation, and equity-capital management.
Hertz Energy (HZLIF) announced that Coloured Ties Capital agreed to invest up to $500,000 in its previously announced private placement. Coloured Ties will subscribe for up to 2,777,777 HD Units at $0.18 each within the offering of up to $1,607,400; the offering size and unit and warrant terms remain unchanged.
Coloured Ties currently holds 1,176,300 shares, approximately 6.21%. Assuming completion as announced, Hertz expects that holding to reach 3,954,077 shares, approximately 14.96% on a non-diluted basis, or approximately 23.05% assuming exercise of its subscription warrants and no other issuances. The offering will not result in a change of control. The participation is a related-party transaction: Kal Malhi is CEO and a director of both companies and abstained from its approval. Completion remains subject to regulatory approvals, including final Canadian Securities Exchange approval.
Hertz Energy (HZLIF) announced a non-brokered private placement targeting gross proceeds of up to $1,607,400 through three categories of units. Lake George charity flow-through units are priced at $0.265 for up to approximately $441,000; Craig charity flow-through units at $0.25 for up to $416,400; and HD units at $0.18 for up to approximately $750,000. Each unit includes one common share and one warrant to purchase a share at $0.30 for 24 months, subject to accelerated expiry.
Flow-through proceeds will fund exploration at Lake George in New Brunswick and Craig in Yukon; HD net proceeds will fund working capital and corporate purposes. Flow-through shares carry qualifying exploration tax treatment. Hertz expects closing on or before October 30, 2026, potentially in multiple tranches, subject to regulatory approvals including final CSE approval. Finder compensation may include cash or warrants.
Hertz Energy (HZLIF) announced on September 23, 2026, that it had cancelled its previously disclosed non-brokered private placement.
The offering was announced September 15, 2026. No securities were issued under it, and no subscription funds were advanced to the company. Hertz Energy said it is evaluating financing alternatives and will provide updates as warranted.
Hertz Energy (HZLIF) reported exploration updates for its Lake George antimony‑tungsten, Agastya lithium, Crag‑Rod silver and Harriman gold/antimony projects, and announced a non‑brokered private placement of up to C$3 million on September 15, 2026.
At Lake George in New Brunswick, a 1,173‑line‑km high‑resolution airborne magnetic and VLF‑EM survey outlined geophysical features interpreted as broadly similar to those over the historic Lake George Antimony Mine, with 2026 work to include mapping, rock and soil geochemistry, and potential IP and up to 3,000 m of diamond drilling if targets warrant. No mineral resources are estimated and no mineralization has been identified on the company’s Lake George or Agastya claims. In Yukon, the Craig Deposit within the Crag‑Rod Silver Project has historical drill intercepts with high silver‑lead‑zinc grades, and further permitting, airborne geophysics and surface work are planned into 2027. Hertz is also seeking a JV or sale for its Harriman project in Québec.
The financing comprises Units at C$0.20 and flow‑through shares at C$0.28, each Unit including a 36‑month warrant at C$0.40 with an acceleration clause, for combined gross proceeds of up to C$1.5 million per tranche. Flow‑through proceeds will fund eligible Canadian exploration expenses to be renounced to subscribers, while Unit proceeds will support exploration and working capital, subject to Canadian Securities Exchange approval.
Hertz Energy (CSE: HZ, OTCQB: HZLIF) has completed a high‑resolution airborne magnetic and VLF‑EM survey over its 100%-owned Lake George antimony‑tungsten‑gold “Tungmony Project” in New Brunswick, covering 56.66 km² with 1,194 line‑kilometres at 50‑metre spacing and ~23‑metre terrain clearance. The program, flown June 21–25, 2026 by Novatem Airborne Geophysics, used dual optically pumped magnetometers and a three‑component VLF‑EM receiver to deliver substantially higher resolution than historical datasets and refine structural and intrusive targets potentially hosting antimony, tungsten, and gold.
The new data will guide Hertz Energy’s 2026 field work, including prospecting, mapping, soil geochemistry, possible IP surveying, and up to 3,000 metres of contingent diamond drilling. The company controls five mineral claims totalling 4,392.4 hectares around the historic Lake George antimony mine, covering ~13 kilometres of favourable strike. Hertz also highlights its 100%‑owned Agastya lithium project in Québec’s James Bay region, consisting of 209 claims over ~10,650 hectares in three blocks adjacent to and along strike from several LCT‑pegmatite lithium projects, within an anomalous lake‑sediment trend indicative of lithium‑cesium‑tantalum pegmatite potential.
Hertz Energy (OTCQB:HZLIF) appointed Desmond Balakrishnan and Jean Lafleur to its Board of Directors. Balakrishnan is a corporate finance and securities lawyer who has led over $5 billion in financings and more than $10 billion in M&A transactions.
Lafleur is a professional geologist with 45 years of mining experience, including global exploration and consulting roles. Hertz Energy also granted directors 828,467 stock options, exercisable at $0.35 per share for three years, under its stock option plan.
Hertz Energy (OTCQB: HZLIF) expanded its Lake George Tungmony land package to about 4,392.4 hectares by adding 2,356.2 hectares under a 90-day exclusivity agreement and launched a 2026 exploration program including airborne geophysics, prospecting, soil geochemistry, and potential drilling up to 3,000 metres.
The company paid a $25,000 CAD exclusivity fee, controls ~13 km of prospective strike, and engaged marketing suppliers with defined fees to increase investor outreach.
Hertz Energy (OTCQB: HZLIF) granted an aggregate of 1,000,000 stock options to directors, officers, employees and consultants, subject to regulatory approval. The options vest immediately, are exercisable for 2 years and have an exercise price of $0.35 per share, issued under the company's stock option plan.
Hertz Energy (OTCQB: HZLIF) entered an Option Agreement to acquire a 100% interest in the Crag and Rod properties, including the Craig silver-lead-zinc deposit, in east-central Yukon.
The transaction consideration totals $2.35 million (cash plus 2,500,000 shares at a deemed $0.30 per share). Strategic Metals retains a 2.0% NSR, with Hertz able to buy down to 1.0% by delivering 500 oz gold or cash equivalent.
Hertz Energy (OTCQB: HZLIF) acquired a comprehensive digital geological and technical Database for the historic Lake George Antimony Mine in New Brunswick on January 22, 2026. The Database integrates a 3D geological/mine model, 452 historical drill holes, 2,467 assay intervals (1,768 metres sampled) and a cumulative drilled length of 85,217 metres, plus supporting files from a 2014 historical estimate. Hertz controls a contiguous 2,104-hectare claims package (~10 km strike) around the mine, plans an aggressive exploration and drilling program, and says it has secured financial support to submit a tender bid to acquire the mine when it is offered in 2026.