Welcome to our dedicated page for Loncor Gold news (Ticker: loncf), a resource for investors and traders seeking the latest updates and insights on Loncor Gold stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Loncor Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Loncor Gold's position in the market.
Loncor Gold (OTCQX: LONCF) has announced promising results from its deep drilling program at the Adumbi deposit, which currently holds 3.66 million ounces of gold resources. Borehole LADD030 revealed multiple significant gold intersections, including 11.43 metres grading 1.77 g/t gold, 6.61 metres grading 4.56 g/t gold, and 7.73 metres grading 2.26 g/t gold.
The drilling was conducted below the open pit shell in the northwest of the deposit, intersecting several mineralized zones at a vertical depth of 643 metres. The total true thickness of the BIF package hosting the gold mineralization was 107.80 metres, approximately 100 metres below the USD1,600 pit shell outline.
Loncor Gold (OTCQX: LONCF) has announced the formation of a Special Committee in response to an unsolicited, non-binding offer from an undisclosed party regarding a potential transaction. The committee, consisting of independent directors Kevin R. Baker K.C. (Chair), Richard J. Lachcik, and William R. Wilson, will review and evaluate the potential transaction and any alternative opportunities.
The Special Committee's mandate includes conducting an independent and objective assessment of the proposed transaction and making recommendations to the Board. The company emphasizes that there is no guarantee of entering into any transaction and will provide updates as required by securities laws.
["Formation of an independent Special Committee demonstrates proper corporate governance", "Company received unsolicited interest, indicating potential market value recognition"]Loncor Gold (OTCQX:LONCF) held its annual shareholders meeting on June 27, 2025, where all six nominated directors were successfully elected to the board. The election was conducted by show of hands, with detailed voting results showing strong shareholder support. All nominees received over 95% approval, with Kevin R. Baker and Richard J. Lachcik receiving the highest support at 99.98% of votes cast.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has successfully closed its brokered private placement offering, raising C$9.4 million in gross proceeds. The company sold 17,090,910 units at C$0.55 per unit, with each unit comprising one common share and half a warrant. Each whole warrant allows purchasing one common share at C$0.80 until May 23, 2028.
Red Cloud Securities acted as the sole agent, receiving C$503,999 in fees and 877,562 broker warrants exercisable at C$0.61 per share until May 23, 2028. The proceeds will fund exploration at the company's Imbo Project in the Democratic Republic of the Congo's Ngayu Greenstone Belt and general corporate purposes.
Loncor Gold (TSX: LN) has increased its previously announced private placement from C$5 million to C$8 million due to strong investor demand. The upsized offering consists of up to 14,545,455 units at C$0.55 per unit. Each unit includes one common share and half of one warrant, with each whole warrant exercisable at C$0.80 for 36 months.
Red Cloud Securities is acting as sole agent and has an option to sell an additional 2,545,455 units for up to C$1.4 million. The offering is available to purchasers in select Canadian provinces and is expected to close on May 23, 2025. Proceeds will fund exploration at the company's Imbo Project in the Democratic Republic of the Congo's Ngayu Greenstone Belt and general corporate purposes.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced a brokered private placement to raise up to C$5.0 million through the sale of up to 9,090,909 units at C$0.55 per unit. Each unit includes one common share and half a warrant, with each whole warrant exercisable at C$0.80 for 36 months. Red Cloud Securities will act as sole agent with an option to sell additional units for up to C$1.0 million.
The offering, scheduled to close on May 23, 2025, will be available to purchasers in select Canadian provinces and internationally. Proceeds will fund exploration at the company's Imbo Project in the Democratic Republic of the Congo's Ngayu Greenstone Belt and general corporate purposes.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced significant drilling results from its Adumbi deposit, which currently holds 3.66 million ounces of gold resources. The deepest drill hole LADD029 revealed multiple gold intersections including:
- 22.31 metres grading 3.05 g/t gold (including 4.64 metres at 5.83 g/t)
- 14.50 metres grading 4.24 g/t gold (including 10.17 metres at 5.23 g/t)
- 15.57 metres grading 3.35 g/t gold
The deposit currently contains an indicated mineral resource of 1.88 million ounces (28.185 million tonnes at 2.08 g/t Au) and an inferred mineral resource of 1.78 million ounces (20.83 million tonnes at 2.65 g/t Au) within a USD1,600/oz open pit shell. LADD029 extends gold mineralization to 805 metres below Adumbi Hill and intersected the thickest banded ironstone formation package ever drilled at Adumbi.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced promising drilling results from its Adumbi deposit, which currently holds 3.66 million ounces of gold resources. The latest borehole LADD028 revealed significant gold intersections including:
- 13.92 metres grading 6.01 g/t gold (including 7.94 metres grading 9.54 g/t gold)
- 0.87 metres grading 82.97 g/t gold
- 7.40 metres grading 1.49 g/t gold
The Adumbi deposit currently contains an indicated mineral resource of 1.88 million ounces (28.185 million tonnes grading 2.08 g/t Au) and an inferred mineral resource of 1.78 million ounces (20.83 million tonnes grading 2.65 g/t Au) within a USD1,600/oz open pit shell. The mineralization was intercepted at 290 metres below surface, with an estimated true width of 81% of the intersected widths.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced significant drilling results from its Adumbi deposit, which currently holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au) and an inferred resource of 1.78 million ounces (20.83 million tonnes grading 2.65 g/t Au).
Key highlights from borehole LADD027 include:
- 22.64 metres grading 4.77 g/t gold (including 13.97 metres at 6.99 g/t gold)
- 16.07 metres grading 5.82 g/t gold (including 11.85 metres at 7.14 g/t gold)
- 0.45 metres grading 26.94 g/t gold
The intersections were found at a vertical depth of 478 metres below surface, 75 metres below the previously outlined USD1,600/oz pit shell. The true width of the mineralized sections is estimated at 77% of the intersected widths.