Welcome to our dedicated page for Lode Gold Resources news (Ticker: LODFF), a resource for investors and traders seeking the latest updates and insights on Lode Gold Resources stock.
Lode Gold Resources Inc. reports developments tied to North American gold exploration and development, including the Fremont Gold Mine Project in California, the Dingman Gold Project in Ontario, and exploration work in Yukon through Gold Orogen. Recurring updates cover drill permitting, geological modeling, field programs, target generation, and technical work on mineralized zones.
Company news also includes financing and capital-structure matters, such as construction-loan amendments, as well as governance and corporate-structure updates related to project ownership and subsidiary activity.
Lode Gold Resources (OTCQB: LODFF) has successfully completed its non-brokered private placement offering, raising a total of $1.51 million through the issuance of 8,409,825 Units. The final tranche raised $326,780 by issuing 1,815,446 Units at $0.18 per Unit.
Each Unit comprises one common share and one purchase warrant, allowing holders to buy one common share at $0.35 within three years. The Company maintains the right to accelerate warrant expiry if shares trade at $0.65 or higher for 10 days. Proceeds will support business plans for Lode Gold and its subsidiary, Gold Orogen.
Lode Gold Resources (OTCQB: LODFF) has engaged strategic advisors to advance the development of its Fremont Mine in Mariposa, California. The company aims to optimize the mine plan with a focus on high-grade production, scaling to over 100,000 ounces per year, and initiating near-term small-scale production.
The project's 2023 PEA showed positive economics at $1,750 gold price, with projected annual production of 130,000 ounces. The recent 2025 NI 43-101 resource estimate revealed only 8% of total mineral resources have been extracted. The company has outlined key catalysts for 2025-2026, including underground rehabilitation, metallurgy studies, and completion of a Pre-Feasibility Study.
Lode Gold Resources Inc. (LODFF) has announced two significant developments: First, the company will implement VRIFY Technology's AI-assisted mineral discovery platform to enhance exploration activities at its Golden Culvert Project in Yukon. Second, the company has appointed Gary Wong as the new VP of Exploration, bringing over 30 years of mining exploration experience to advance assets in New Brunswick and Yukon.
Wong's extensive background includes work on notable projects like Seabee, Mt. Milligan, and Bulyanhulu, with experience across Canada, Europe, Latin America, and Africa. Additionally, the company has extended the closing date of its previously announced non-brokered private placement to May 31, 2025.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) has successfully closed the first tranche of its non-brokered private placement, raising $790,186 through the issuance of 4,389,922 Units at $0.18 per Unit. Each Unit includes one common share and one purchase warrant exercisable at $0.35 for three years.
The funds will support the company's 2025 business plan, including:
- Yukon operations: Field work, geological mapping, soil sampling, and channel sampling for drill target development
- California's Fremont project: Completion of 2025 Preliminary Economic Assessment (PEA) for bulk mining, underground channel sampling for resource upgrade, and advancement toward pre-feasibility study (PFS)
The company has extended the closing date to April 30, 2025, for the second tranche. An acceleration clause allows for early warrant expiry if shares trade at $0.65+ for 10 days.
Lode Gold (TSXV: LOD) (OTCQB: LODFF) has announced an updated 2025 Mineral Resource Estimate (MRE) for its Fremont Gold Project, revealing significant results of 1.3 Moz Au at 4.4 g/t (using a 3 g/t cut-off) with an average true width of 16.8 meters. The company has strategically shifted its focus from open-pit to underground mining operations, which is expected to be more cost-efficient.
CEO Wendy Chan discussed the new MRE findings and outlined the company's upcoming milestones. A notable development includes plans to spin off Lode Gold's Canadian assets in Yukon and New Brunswick into a new entity called Gold Orogen.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) announced shareholders' approval for the tax-efficient spin-out of Gold Orogen through a plan of arrangement. The arrangement received over 66 2/3% approval from shareholders, optionholders, and warrantholders.
Upon completion, shareholders will receive one new Lode Gold share and 0.5739 Gold Orogen share for each Lode Gold share held. The transaction awaits final approvals from TSX Venture Exchange, Canadian Securities Exchange, and GRM shareholders.
Post spin-off structure:
- Gold Orogen: Pure exploration play with two assets - 99.5 km² Yukon property on Tombstone Belt and 445 km² New Brunswick property
- Lode Gold: Retains Fremont Gold project in California with 2025 MRE of 1.3 Moz gold at 4.4 g/t Au, featuring 23 km of underground workings and 43,000m of drilling
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) announces key appointments to strengthen the board of its upcoming spin-out company, Gold Orogen. The company proposes to appoint Bill Fisher and Rajesh Sharma as new directors, subject to shareholder approval at the March 10, 2025 AGM.
Bill Fisher brings over 40 years of mining industry experience, notably leading Aurelian Resources to a $1.2 billion acquisition by Kinross Gold and GlobeStar Mining to a $186 million sale to Perilya. Rajesh Sharma contributes extensive leadership experience in mining, exploration, and metals sectors, including executive roles within the Tata Group.
The company also announces a shares-for-debt transaction to settle $231,180 of debt by issuing 963,251 shares at $0.24 per unit, subject to TSX Venture Exchange approval.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) has announced positive results from its 2025 Mineral Resource Estimation (MRE) at the Fremont Gold project in California. The new estimate shows 1.198 Moz at 3.97 g/t of Recoverable Gold at a 3 g/t cut-off with an average true width of 16.8m.
Key highlights include:
- Project spans 3,351 acres of privately owned land
- Only 8% (115,000 oz) of current MRE has been historically mined
- Half of mineralization is in veins, half in stockworks
- Upcoming $500,000 exploration program aims to convert 50% of Inferred resources to Measured and Indicated categories
- Underground bulk mining cost estimated at $63.6 per tonne
The company is transitioning from a combined open pit and underground mining scenario to a fully underground operation. The project could potentially create 200 jobs, with a Financial Investment Decision (FID) targeted for 2027.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) has announced exploration targets for its subsidiary Gold Orogen, which will be spun out as a separate public company in March 2025. The spin-out, pending Exchange and Shareholder approval, will be finalized at the Annual Shareholder Meeting on March 10, 2025.
Gold Orogen has established a joint venture called Acadian Gold with Fancamp, creating a 445 km² land package on the Iapetus Suture Belt in New Brunswick. Recent HeliTEM² survey and soil geochemistry work at McIntyre Brook revealed promising EM conductors near gold-in-soil anomalies. Notable findings include gold endowment in mineralized rhyolites and a historical drill intercept of 5.73 g/t Au within a 20m zone of 1.20 g/t Au.
The exploration revealed gold-in-soil anomalies associated with Arsenic, Antimony, and Tungsten, along with a 275 ppb Au stream sediment anomaly. These findings, combined with the structural setting between McIntyre Brook and Ramsay Brook faults, have designated the area as a high-priority target for Gold Orogen's 2025 exploration program.