Pelangio Explora Stock Price, News & Analysis

Pelangio Exploration (symbol: PGXPF) announced it amended and refiled the Manfo Gold Project technical report following an issue-oriented continuous disclosure review by Ontario Securities Commission staff on January 26, 2026.

Revisions include replacement of a Qualified Person author (Simon Meadows Smith of SEMS Technical now responsible for relevant sections), removal of Elliot Wehrle from the signature page, and reduction/streamlining of Appendices B-E to align the report with NI 43-101 summary-document requirements while retaining essential methodologies, parameters, and conclusions. The amended report is available on the company website and SEDAR+.

Pelangio (PGXPF) has started a 6,850‑metre drill program at the Manfo project comprising 3,150 m resource extensional diamond drilling and 3,700 m exploration RC drilling to test Pokukrom extensions, the Bomfaa geochemical anomaly 2.5 km northwest, Nfante East and a possible southern extension of Nkansu.

The company also terminated the Nkosuo (FJ Minerals) option and the Nathawo option, retaining a 27% interest in the known Manfo resource. The current MRE: Indicated 441,000 oz Au @ 1.16 g/t (11,787,000 t); Inferred 396,000 oz Au @ 0.77 g/t (16,048,000 t) (63,000 oz inferred from Nfante West partly on Nkosou).

Pelangio Exploration (TSXV: PX; OTC: PGXPF) announced it received gross proceeds of $1,395,933.35 on December 23, 2025 from the exercise of 27,918,667 common share purchase warrants at an exercise price of $0.05 per warrant.

The company issued 27,918,667 common shares upon exercise and said it intends to apply the proceeds to advancing its Ghana and Canadian project portfolios and for general working capital and corporate purposes.

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.