Lake Victoria Gold Ltd. reports company news centered on gold project development in Tanzania's Lake Victoria Goldfield. Recurring updates cover the Imwelo Gold Project and Tembo Project, including drilling results, geotechnical testing, metallurgical recovery work, pit optimization, mine planning, permitting status, and Tanzania mining regulatory matters.
Company announcements also describe material agreements, capital-structure matters, governance disclosures, strategic investor participation, and project-funding themes tied to advancing exploration and development-stage gold assets.
Lake Victoria Gold (OTCQB: LVGLF) has mobilized senior project manager Charl Coetzee to its fully permitted Imwelo Gold Project in Tanzania, advancing construction readiness.
He supports the Tanzanian-led EPCM framework with CECL and Sutton, coordinating near-term workstreams such as site clearing, access roads, utilities, camp preparation and procurement support.
Lake Victoria Gold (OTCQB: LVGLF) received Tanzania Mining Commission approval for a Tanzanian-led EPCM structure at the fully permitted Imwelo gold project. CECL is appointed primary EPCM contractor and commercial lead, with Sutton as international technical-support partner.
The integrated mandate covers final detailed engineering, procurement planning, infrastructure design, mine-planning support, construction preparation and project management. Project advancement runs in parallel with financing efforts, including a gold loan facility term sheet of up to approximately US$25 million with Monetary Metals & Co., subject to conditions and regulatory approvals.
Lake Victoria Gold (OTCQB: LVGLF) is advancing Tanzanian regulatory work for its previously agreed gold loan facility of up to 6,000 ounces of gold (about US$25 million) with Monetary Metals, intended to fund the fully permitted Imwelo Gold Project on a non-dilutive, project-level basis.
The company is progressing Bank of Tanzania registration, Mining Commission engagement, mineral marketing and export-clearance alignment, and definitive documentation. It also issued 83,960 shares at $0.31 to debenture holders to settle $26,027.51 of interest on $750,000 of convertible debentures.
Lake Victoria Gold (OTCQB: LVGLF) completed a sterilization drilling program at the Imwelo Gold Project in Tanzania, clearing key Phase 1 infrastructure sites for construction.
All 23 holes (1,136 m) under the planned process plant and accommodation areas returned no significant gold, providing geotechnical data and avoiding sterilization of known mineralization.
Lake Victoria Gold (OTCQB: LVGLF) appointed Joseph Ntiga as Acting Chief Financial Officer, Tanzania, and Cosmas Tungaraza as Compliance Officer to strengthen its in-country team.
The expanded Tanzanian leadership is intended to support Imwelo Gold Project construction readiness and ongoing obligations at the Tembo Project.
Lake Victoria Gold (TSXV: LVG, OTC: LVGLF) will deliver a live virtual corporate update hosted by Red Cloud Financial Services on June 18, 2026 at 2:00 PM ET.
The webinar will cover near-term production and growth in Tanzania focused on gold, with a live Q&A and replay access.
Lake Victoria Gold (OTCQB: LVGLF) reported geotechnical results from Imwelo that will inform final pit design and ongoing engineering for Area C. Tests show a near-surface oxidised saprock zone (0–60 m) of lower strength and fresh rock with uniaxial compressive strength up to ~166 MPa, supporting steeper slopes at depth and free-dig mining potential near surface.
The company is integrating these parameters into pit optimization, slope stability, waste movement, metallurgy, and site development toward a construction-ready mine plan.
Lake Victoria Gold (TSXV: LVG / OTCQB: LVGLF) has mobilized reverse circulation drill rigs to begin a targeted sterilization drilling program at the fully permitted Imwelo Gold Project, with work scheduled to start mid-May and run ~21 days. The ~1,050 metre RC program will test plant, accommodation and support zones to confirm final infrastructure placement and inform engineering, final site layout, pit design and construction sequencing. Results are intended to prevent infrastructure siting over mineralized zones and feed directly into detailed engineering and mine planning ahead of near-term construction.
Lake Victoria Gold (OTCQB: LVGLF) has initiated Tanzania's statutory 16% non-dilutable free carried interest process for the Tembo mining licences and is advancing near-term development planning. The company is in advanced negotiations toward a binding agreement with Nyati Resources to support toll milling and potential early-stage production, using a low-capex strategy that leverages existing regional processing infrastructure. Parallel workstreams include government participation implementation, targeted drilling at the initial production area, and technical programs to support phased mine planning and operational readiness.
Lake Victoria Gold (OTCQB: LVGLF) reported metallurgical testwork on Area C at Imwelo showing up to ~96–97% gold recovery via gravity concentration plus cyanide leaching. Tests indicate a strong gravity component (~42–47%), ~84% direct cyanide-leachable gold and Bond Work Index ~22.9 kWh/t, supporting a simple gravity-CIL flowsheet.
Results align with 2013–2017 programs and are being integrated into final mine planning and plant design to advance near-term production plans.