Puma Exploration (PUMXF) Stock News

Puma Exploration (OTCQB: PUMXF) reported 2025 drilling at the Lynx Gold Zone (Williams Brook) with 15 holes totaling 3,662 m. Key results include 5.11 g/t Au over 6.60 m (incl. 66.10 g/t Au over 0.50 m) and visible gold in 6 holes. The LGZ now extends ~800 m along strike, ~50 m wide and ~250 m deep and remains open. Kinross committed at least $3M for Year 2 and increased equity to 14.8%.

Puma Exploration (OTCQB: PUMXF) closed the sale of the Turgeon Project as part of a combined transaction with Raptor Resources and Canadian Copper on January 14, 2026. Puma received $970,023 CAD in total cash from the combined Turgeon and Chester transactions, 23,951,040 EMS shares and 9,101,799 performance rights, plus earlier received Canadian Copper shares. The Turgeon consideration specifically included $391,631 CAD cash and 18,750,000 EMS shares. Puma retains multiple NSR royalties and is planning a potential new public listing for Murray Brook Minerals (Puma owns 84%); that proposed listing remains conceptual with no certainty of completion.

Puma Exploration (OTCQB: PUMXF) closed a $2,000,000 private placement with Kinross Gold on December 24, 2025. Kinross subscribed for 12,500,000 units at $0.16 per unit, each unit consisting of one common share and one-half warrant.

Following the offering Kinross' stake rose from 9.1% to 14.8% undiluted (17.4% partially diluted); Kinross now holds 29,550,577 shares and 6,250,000 warrants. Warrants exercisable at $0.25 until December 24, 2027 with an acceleration trigger if the share price ≥ $0.40 for 30 consecutive trading days. Proceeds will fund exploration (non-optioned projects) and general corporate working capital. All securities subject to a four-month-and-one-day hold.

Puma Exploration (OTCQB: PUMXF) announced that Kinross increased its ownership from 9.1% to 14.8% (undiluted) by agreeing to purchase 12,500,000 units at $0.16 per unit for proceeds of $2,000,000 in a non‑brokered private placement closing on or about December 24, 2025, subject to regulatory approvals.

Each unit includes one common share and one‑half warrant (total 6,250,000 warrants) exercisable at $0.25 for 24 months; Kinross will hold 29,550,577 shares and 6,250,000 warrants after closing and may increase its stake up to 19.9% under the investor rights agreement.

Proceeds will fund exploration on Puma projects (not optioned to Kinross); Williams Brook activity included >3,600m drilled, a 50m LGZ extension and 300m depth of mineralization with a Year 2 $3M funded program planned.

Puma Exploration (OTCQB: PUMXF) closed a C$1,200,000 non-brokered flow-through private placement on December 10, 2025, issuing 6,000,000 FT Units at C$0.20 each. Each FT Unit comprises one flow-through share and one-half warrant; 3,000,000 warrants were issued, exercisable at C$0.25 until December 9, 2027, with an acceleration clause triggered if the TSXV share price is ≥C$0.40 for 30 consecutive trading days.

Net proceeds will fund eligible Canadian exploration expenses and advance the McKenzie Gold Project and other New Brunswick assets, with renunciation effective no later than December 31, 2026. Finder fees of C$76,650 and 383,250 finder warrants were paid. Directors and insiders subscribed for 100,000 FT Units for C$20,000; the related-party participation was exempt from valuation and minority approval under MI 61-101.

Puma Exploration (OTCQB: PUMXF) mobilized a second drill at its McKenzie Gold project in northern New Brunswick on November 27, 2025, expanding an inaugural 2,500-metre program that began November 17, 2025.

Surface grab samples at the RIM Gold Zone in 2024–2025 returned highs up to 601.33 g/t Au (grab samples are selective). Eight short holes (300 m cumulative) targeted the southwest shear; hole contained visible gold in a quartz vein. Core has had preliminary logging only and will be logged in Saint-Quentin then assayed. The second drill will test northern extension veins with initial short holes (25–50 m) to define geometry before deeper targeting.

Puma Exploration (OTCQB: PUMXF) reported high-grade surface sampling and the start of an inaugural 2,500 m drill program at its McKenzie Gold Project in northern New Brunswick on November 11, 2025. Summer trenching extended the RIM Gold Zone by ~100 m, with the vein system reaching 35 m width in the north and remaining open in all directions. Grab samples include 126.96, 125.66, 84.41 and 79.69 g/t Au; 121 samples were taken and 36% exceeded 1.0 g/t Au. Puma mobilized an additional excavator to accelerate trenching ahead of drilling.

The release includes a QA/QC note and cautions that grab samples are selective.

Puma Exploration (OTCQB: PUMXF) reported 2025 surface sampling at the Jonpol Property (Williams Brook Project) with high-grade results up to 19.55 g/t Au and 3.32% Cu. Ten trenches totaling 809 metres produced 169 samples, of which 12 exceeded 0.50 g/t Au. Trench T25-10 returned multiple high-grade values including 19.55 g/t Au and 5.64 g/t Au with significant copper. Sampling along the Ramsay Brook Fault suggests a potential >2 km gold-bearing trend. The company cautioned that grab samples are selective and further fieldwork will prioritize delineation and continuity along the RBF.

Puma Exploration (OTCQB: PUMXF) announced that Kinross Gold Corporation has committed to Year 2 of its Option Agreement on the Williams Brook Project in northern New Brunswick.

Year 2 includes a minimum $3.0M work commitment (pending Kinross board approval). Under the Option Agreement, Kinross may earn a 65% interest by funding at least $16,750,000 in exploration over five years. The Williams Brook package totals 40,225 ha. Kinross will act as operator for the second-year program and Puma said final budget and program details will be announced after technical committee confirmation.