Lahontan Gold (LGCXF) Stock News

Lahontan Gold Corp (OTCQB:LGCXF) received BLM approval for a maiden drill program at the West Santa Fe project, located ~13 km from its Santa Fe Mine project in Nevada's Walker Lane.

The BLM approved a Notice of Intent for drill sites on unpatented lode claims on federal land. Drilling will target validation of historic holes and test significant eastward strike and down-dip extensions of a shallow, oxidized gold–silver system. A rig currently active at Santa Fe will move to West Santa Fe when that program finishes, and the company expects drilling to commence in December 2025.

The company also granted 9,000,000 options exercisable at $0.15 per share for five years to directors, officers and consultants, with a four-month hold period on underlying shares.

Lahontan Gold Corp (OTCQB:LGCXF) closed an upsized non-brokered private placement on November 25, 2025, issuing 16,665,868 Units at $0.15 per Unit for gross proceeds of $2,499,880.20. Each Unit includes one common share and one-half warrant (one full Warrant per two Units) exercisable at $0.25 for two years, with a potential acceleration if the share price trades at CAD$0.35 for 10 consecutive trading days after four months and one day.

Proceeds will fund general working capital and exploration at the Santa Fe Mine and West Santa Fe projects; issued securities are subject to a four months plus one day hold. Finder fees totaled $28,910.39 and 192,735 broker warrants. An insider purchased 300,000 Units, constituting a related party transaction under TSXV/MI 61-101.

Lahontan Gold Corp (OTCQB:LGCXF) announced on November 13, 2025 that the Bureau of Land Management published a Decision Record and FONSI approving the company's Exploration Plan of Operations (EPOO) for the Santa Fe Mine project, concluding the NEPA Environmental Assessment process.

The approved EPOO authorizes exploration across a 12.2 km² area and permits over 700 drill holes, enabling step-out exploration beyond currently defined gold and silver resources and follow-up of historic intercepts at priority targets such as Pinnacles and Guzzler.

Lahontan Gold Corp (OTCQB:LGCXF) has mobilized a track-mounted MPD-1500 reverse-circulation drill rig to its Flagship Santa Fe Mine in Nevada's Walker Lane.

The program targets up to 25 holes (4,000 metres) focused on shallow oxide gold and silver at the Slab and York areas to upgrade resources from Inferred to Indicated and expand overall mineral resources. Work supports a 2026 pivot to mine planning and permitting and will be combined with ongoing metallurgical testing.

Lahontan Gold Corp (OTCQB:LGCXF; TSXV:LG) announced it entered a consulting agreement with GRA Enterprises LLC DBA National Inflation Association on July 16, 2025 for investor relations and communications services.

The NIA Agreement has an initial six‑month term and required an upfront payment of US$50,000. Renewal options include +3 months for US$30,000, +6 months for US$50,000, or +12 months for US$100,000. No securities will be issued as compensation. NIA and principals are arm's length and currently hold an aggregate of 200,000 common shares in Lahontan.

Lahontan Gold Corp (OTCQB:LGCXF, TSXV:LG) announced a non-brokered private placement to raise up to $2,000,000 by issuing up to 13,333,333 units at $0.15 per unit on October 29, 2025. Each Unit includes one common share and one-half warrant; each whole warrant allows purchase of one common share at $0.25 for two years from issuance, with an accelerated expiry if the share price trades at or above CDN$0.35 for 10 consecutive trading days after four months and one day.

Proceeds will fund general working capital and exploration at the Santa Fe Mine and West Santa Fe Projects. Closing requires TSXV and other approvals; securities carry a four-month-plus-one-day hold period.

Lahontan Gold Corp (OTCQB:LGCXF) received Cdn $4,316,948 from the exercise of warrants and stock options between July 4 and October 23, 2025. Following those exercises and the share issuance tied to the York claim purchase at Santa Fe, the company has 334,420,221 common shares outstanding.

The company said the proceeds will fund exploration and mine development in Nevada's Walker Lane gold belt and general corporate purposes, and that the receipt of funds leaves the company fully financed for planned Fall 2025 drilling programs at Santa Fe and West Santa Fe.

Lahontan Gold (OTCQB:LGCXF) completed purchase of 27 unpatented York claims contiguous to the southeast corner of the Santa Fe Mine Project on October 23, 2025.

The company paid US$10,000, issued a US$50,000 promissory note (1% monthly interest, due six months) and issued 2,000,000 common shares to Emergent/GAMC. Lahontan granted a 1% NSR royalty on the York claims with buyback options: US$500,000 before year 3 or US$1,000,000 between years 3–7.

The York claims expand Lahontan's holdings to 415 unpatented lode claims, 67 unpatented millsite claims and 24 patented claims totaling 2,832 ha. Prior drilling (YOR25-001R) cut 89.9 m @ 0.23 g/t Au; additional fall drilling is planned.

Lahontan Gold (OTCQB:LGCXF, TSXV:LG) submitted a Notice of Operations to the Federal Bureau of Land Management on October 15, 2025 to permit an exploration drilling program at its West Santa Fe Project, 13 kilometres southwest of the company's flagship Santa Fe Mine Project.

The Notice requests approval for multiple drill sites, access roads and drilling-fluid sumps. The company plans multiple holes per site to twin, drill down-dip and explore along strike from known gold and silver mineralization. Historic drilling comprises 171 holes (~13,000 metres), and mapping/sampling indicate mineralization continues for over 1,000 metres east of the historic Mindora mine.