Welcome to our dedicated page for Pelangio Explora news (Ticker: PGXPF), a resource for investors and traders seeking the latest updates and insights on Pelangio Explora stock.
Pelangio Exploration Inc. (PGXPF) is a Canadian mineral exploration company advancing gold-rich properties in Ghana’s prolific mining belts and Canada’s polymetallic regions. This page provides a comprehensive repository of official news releases and updates, offering stakeholders timely insights into the company’s activities.
Access the latest developments on exploration results, resource estimates, and strategic partnerships. Investors will find updates on financing initiatives, including non-brokered private placements, alongside technical reports adhering to NI 43-101 standards. Media professionals and analysts can track operational milestones across Pelangio’s portfolio of high-potential projects.
Key content categories include drilling program outcomes, joint venture announcements, and corporate strategy updates. All materials are sourced directly from the company to ensure accuracy and compliance with financial disclosure regulations.
Bookmark this page for streamlined access to Pelangio’s progress in identifying and advancing gold mineralization targets through methodical exploration and collaborative industry relationships.
Pelangio Exploration (OTC: PGXPF) closed the second and final tranche of a non‑brokered private placement, increasing aggregate gross proceeds to $4,500,000 on October 22, 2025. The Final Tranche raised $1,037,399.76 from 5,763,332 Units at $0.18 per Unit, bringing total Units issued across both tranches to 25,000,000.
Each Unit comprises one common share and one half Warrant; whole Warrants exercise at $0.31 until October 9, 2027. Finder's fees totaled $453,396.32 cash plus non‑transferable finder's warrants to purchase 2,371,130 shares at $0.18. Insider participation totaled 702,832 Units. Securities are subject to statutory hold periods expiring February 23, 2026, and TSXV final approval remains pending.
Pelangio Exploration (OTC: PGXPF) closed the first tranche of an upsized non-brokered private placement on October 9, 2025, issuing 19,236,668 common shares at $0.18 per share for gross proceeds of approximately $3,462,600. The Offering was upsized from $4,000,000 to $4,500,000 on September 24, 2025. Each Unit includes one common share and one half warrant; each whole warrant is exercisable at $0.31 for two years from closing. Issued securities are subject to a four-month-and-one-day hold period under Canadian law. Finder's fees of $183,402 cash and 1,018,901 non-transferrable finder warrants (exercisable at $0.18 for 24 months) were paid to Clarus Securities and Ventum Financial. The private placement is subject to final TSX Venture Exchange approval and is not registered in the United States.
Pelangio Exploration (OTC:PGXPF) has increased its previously announced non-brokered private placement from $4.0 million to $4.5 million due to additional demand. The offering consists of units priced at $0.18 each, with each unit comprising one common share and half a warrant. Each whole warrant allows purchasing one common share at $0.31 within two years from closing.
The proceeds will fund exploration, metallurgical work, land maintenance costs, working capital, and general corporate purposes. The initial closing is expected around October 9, 2025. The company may pay up to 7% finder's fee and issue finder warrants. Company insiders may participate in the offering, constituting a related party transaction under MI 61-101.
Pelangio Exploration (OTC:PGXPF) has announced a non-brokered private placement offering to raise up to $4 million. The company will issue Units at $0.18 each, with each Unit comprising one common share and half a warrant. Each whole warrant allows purchasing one common share at $0.31 for two years.
The initial closing is expected around October 9th, 2025. The company may pay up to 7% finder's fee and issue finder warrants. Proceeds will fund exploration, metallurgical work, land maintenance, working capital, and general corporate purposes. The securities will have a four-month hold period, and insiders may participate in the offering.
Pelangio Exploration (OTC:PGXPF) has filed an updated NI 43-101 Technical Report for its 100% owned Manfo Gold Project in Ghana. The new Mineral Resource Estimate shows significant increases, with Indicated Resources of 441,000 ounces of gold at 1.16 g/t Au and Inferred Resources of 396,000 ounces at 0.77 g/t Au.
The update represents a 126% increase in Indicated gold ounces and a 395% increase in Inferred gold ounces compared to the previous estimate. The company has planned a $7.6 million staged exploration program including up to 45,000 meters of drilling, expected to begin in November 2025.
The resource is contained in four deposits along a 4.9-kilometer strike length, with the pit-constrained estimate using a gold price of US$2,600/ounce. Exploration programs are currently underway on both Manfo and Nkosuo properties.
Pelangio Exploration (OTC:PGXPF) announced an updated Mineral Resource Estimate for its 100% owned Manfo Gold Project in Ghana, showing significant increases in gold resources. The updated estimate, effective July 31, 2025, defines 441,000 ounces of Indicated gold resources at 1.16 g/t Au and 396,000 ounces of Inferred gold resources at 0.77 g/t Au.
The new estimate, using a gold price of $2,600/oz (up from $1,450/oz in 2013), represents a 126% increase in Indicated category and a 395% increase in Inferred category. The resource now includes four deposits, with the addition of the Nkansu deposit. The Pokukrom East deposit remains the largest, accounting for 91% of total Indicated resources with 402,000 ounces.
Pelangio Exploration (OTC:PGXPF) has initiated a high-resolution UAV aeromagnetic survey at its Manfo and Nkosuo projects. The survey, covering 900 line-kilometers with 50-meter spacing, is approximately 45% complete and will encompass all current exploration targets across both properties.
The drone survey aims to enhance geological and structural interpretation for future drill targeting. Additionally, the company expects to release an updated Mineral Resource Estimate for the Manfo project within the current quarter.
Pelangio Exploration (OTC:PGXPF) held its annual general and special meeting on June 25, 2025, where shareholders approved all proposed management matters. The meeting resulted in the re-election of board members Ingrid Hibbard, JC St. Amour, David Mosher, Kevin Thomson, and Kamar Jones. Additionally, shareholders approved the reappointment of the company's auditor and reapproved the stock option plan.
Pelangio Exploration (TSXV: PX) (OTC Pink: PGXPF) has successfully completed a non-brokered private placement, raising $1,000,000 through the issuance of 25,000,000 units at $0.04 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at $0.05 per share for 36 months.
The proceeds will be allocated to working capital, including exploration activities, metallurgical work, and land maintenance costs. Up to 10% will be used for settling non-arm's length payables and general corporate purposes. No finder's fees are associated with this placement.
The securities are subject to a four-month hold period and final TSX Venture Exchange approval. The offering excludes U.S. registration under the Securities Act of 1933.
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