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Iconic Minerals Ltd. reports company developments tied to mineral exploration and corporate financing for its public mining issuer profile. Its news centers on the New Pass gold property in Churchill County, Nevada, a Carlin-type gold system advanced through a joint venture with McEwen Mining, with updates on drilling preparation, exploration targets, and historical NI 43-101 mineral-resource context for gold and silver mineralization.
Company releases also cover private placements, use of proceeds for drilling and working capital, stock option grants under its rolling option plan, consultant arrangements, and exchange-related approvals. These updates connect Iconic’s exploration activity with its capital structure and governance disclosures as a junior resource company.
Iconic Minerals (OTCQB: ICMFF) announced a proposed private placement to raise up to $2,550,000 by issuing up to 30,000,000 units at $0.085 per unit. Each unit includes one common share and one-half warrant; each whole warrant is exercisable at $0.17 for two years with an acceleration clause if the share price exceeds $0.34/b on 10 non-consecutive trading days.Proceeds are earmarked for drilling and advancing exploration at the New Pass gold property in Nevada and for general working capital. Finder fees may be payable subject to TSX Venture rules.
Iconic Minerals (TSXV: ICM) has announced the grant of stock options under its 10% Rolling Stock Option Plan. The company has issued options to purchase 8,000,000 common shares at an exercise price of $0.075 per share. These options can be exercised wholly or partially until September 11, 2030. The stock option plan was previously ratified and approved by shareholders on June 25, 2025.
Iconic Minerals (OTCQB: ICMFF) has announced two significant corporate developments. The company has retained Pollen Agency Ltd. for media and marketing services under a 6-month consulting agreement at C$7,000 monthly. Additionally, Iconic has granted stock options totaling 3,000,000 common shares at an exercise price of $0.075 per share, expiring August 15, 2027.
The company's New Pass Gold Project in Central Nevada features an Inferred Mineral Resource of 15.5 million short tons containing 282,986 ounces of gold at 0.018 ounces per ton and 3.1 million short tons of silver at 0.202 ounces per ton, according to a December 2020 NI 43-101 Technical Report.
Iconic Minerals (OTCQB: ICMFF) announced the termination of its investor relations agreement with Paradox Public Relations Inc. The termination occurred due to Paradox's failure to provide required documentation under TSX Venture Exchange disclosure policies for Investor Relations, Promotional and Marketing Activities.
The Company confirmed that no cash payments were made and no stock options were granted in connection with the terminated agreement. The original agreement was previously announced on May 20, 2025.
Iconic Minerals (TSXV: ICM) (OTC: ICMFF) has announced the termination of its property option agreement with Gold Basin Resources (TSXV: GXX) (OTCQB: GXXFF). The agreement, formed on May 3, 2024, would have allowed Gold Basin to acquire a 50% interest in Iconic's New Pass gold property in Churchill County, Nevada.
The New Pass property consists of 107 unpatented mineral claims covering 2,140 hectares and is located three hours east of Reno, near Highway US-50E. Under the option agreement terms, Gold Basin would have needed to pay CAD $750,000 in cash and deliver CAD $750,000 in common shares to acquire the 50% interest.
The termination occurred because Gold Basin failed to fulfill the Option Exercise Conditions as required by the agreement. As a result, Gold Basin now holds no interest in the New Pass property.
Iconic Minerals announces a property option agreement with Gold Basin Resources for the New Pass gold property in Nevada. Gold Basin can acquire a 50% interest in the property by meeting specific payment conditions. The agreement aims to unlock value through the future advancements of the Property.
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