Nighthawk Gold Corp. Stock Price, News & Analysis

Nighthawk Gold Corp. (MIMZF) announced the approval of all resolutions at its annual meeting held on June 29, 2022. Key outcomes include the election of directors with significant support: Keyvan Salehi received 82.4%, and Eric Tremblay garnered 99.90% of votes in favor. Additionally, MNP LLP was re-appointed as the company’s auditors. Nighthawk controls over 930 km² of prospective gold exploration land in the Indin Lake Greenstone Gold Belt, boasting a Mineral Resource Estimate of 2.69 million ounces in the Indicated and 1.33 million ounces in the Inferred categories.

Nighthawk Gold Corp. (MIMZF) appointed John McBride, MSc., P.Geo., as Vice President of Exploration. The Company has initiated a fully funded 2-Year Exploration Program targeting its district-scale property in Northwest Territories, Canada. The program includes up to 100,000 metres of drilling, commencing on May 9, focusing on expanding higher-grade, open-pit mineralization at various deposits. The Company reported a strong balance sheet and expects to enhance its resource estimates amid the ongoing advancements in exploration.

Nighthawk announced the completion of its bought deal public offering, raising approximately C$31 million. This includes the issuance of 10 million Units, 9.285 million flow-through Units, and 16.871 million premium flow-through Units. The financing boosts the company's working capital to about C$39.3 million, enabling advancement of its exploration programs. The proceeds will fund exploration on its gold property in Canada’s Northwest Territories. The offering was led by Sprott Capital Partners and Laurentian Bank Securities.

Nighthawk Gold Corp. (MIMZF) has launched its 2021 exploration program on the Indin Lake Gold Property, covering 930 km² in the Northwest Territories. The Phase I program began in March, set to complete by July, targeting 41,420 metres of drilling—split between resource expansion (45%) and greenfield exploration (55%). The focus includes the Cass Zone and various untested targets. The program aims to enhance the global resource base and assess mineralization. The initiative reflects Nighthawk's ambition to identify quality gold deposits suitable for near-surface mining and bolster its resource estimates.

Nighthawk Gold Corp. has successfully closed a bought deal private placement financing, generating approximately $10.95 million for exploration of its Indin Lake Gold Property in Canada. The offering includes 2,550,000 units, 865,000 flow-through units, and 5,750,000 premium flow-through units. Proceeds from the Offering will fund the largest drilling campaign to date, with a total working capital of about $15.9 million. The securities are subject to a hold period until August 9, 2021.

Nighthawk Gold Corp. reported significant exploration results from its 2020 drilling program at the Colomac Deposit and Treasure Island Zone. Notable holes include T20-09, which returned 207.18 g/t Au over 5.5 m and a single assay of 2,260 g/t Au over 0.5 m. The Colomac results indicate potential resource growth, with hole C20-07 returning 3.00 g/t Au over 32.7 m. The company plans to focus on near-surface mineralization in 2021 to enhance in-pit resources.

Nighthawk Gold Corp. has filed an updated NI 43-101 compliant technical report for the Indin Lake Gold Property, Northwest Territories, Canada. This report includes an updated mineral resource estimate that encompasses the five deposits in the Colomac area and the Damoti Lake Deposit. The technical report is accessible on SEDAR and the company's website. Nighthawk, a gold exploration company, holds district-scale land and aims for aggressive exploration to enhance mineral resource opportunities over the next 12-24 months.

Nighthawk Gold Corp. (TSX:NHK)(OTCQX:MIMZF) has announced a bought deal private placement, aiming to raise approximately $10.95 million. The financing includes 2,550,000 Units priced at $0.96, 865,000 flow-through units at $1.15, and 5,750,000 premium flow-through units at $1.305. The funds will support exploration efforts at Nighthawk's Indin Lake Gold Property in the Northwest Territories, focusing on mineral resource expansion and new discoveries. The Offering is expected to close around April 13, 2021, subject to regulatory approvals.

Nighthawk Gold Corp. (TSX:NHK)(OTCQX:MIMZF) has provided an update on the Tłı̨chǫ Highway Project (TASR), a 97km permanent two-lane gravel highway in Northwest Territories, Canada. Construction began in September 2019, with completion expected by fall 2021. The project is funded through a public-private partnership, with 25% from the federal government. Key milestones include clearing 97km of right-of-way and the installation of bridge piles, enhancing transportation for the Tłı̨chǫ Nation and improving access to Nighthawk's Indin Lake Gold Property.