Sokoman Minerals Stock Price, News & Analysis

Sokoman Minerals Corp. (OTCQB: SICNF) has expanded its land position at Crippleback Lake in Central Newfoundland through two property purchase agreements. The company acquired 105 mineral claims from United Gold Inc. for $20,000 cash and 500,000 common shares, and 74 mineral claims from David Evans for $2,500 cash and 100,000 common shares, subject to a 1% NSR.

The Evans agreement includes an option for Sokoman to purchase half of the NSR for $500,000, and a $15,000 payment if the property is optioned to a third party. With these acquisitions, Sokoman now controls over 13,000 hectares at Crippleback Lake. The company plans immediate exploration activities including IP geophysical surveys, soil and rock sampling, and geological mapping.

Sokoman Minerals (OTCQB: SICNF) has expanded its Crippleback Lake Property to 530 claims (13,250 hectares) in central Newfoundland. The company's Phase 1 drilling program has revealed significant porphyry-style alteration and mineralization, with nine diamond drill holes completed across 1,839 meters.

Key findings include strong argillic alteration in multiple drill holes, with significant intersections including 146 meters of mineralization in CL-24-3 with gold values up to 110 ppb, and copper values reaching 0.44% in some sections. The property shows characteristics consistent with porphyry copper/gold and epithermal gold systems, confirmed by expert analysis from Dr. Stephen Piercey.

The company has initiated its 2025 exploration program, including a Phase 2 IP survey covering 25 line kilometers, additional soil sampling, and prospecting, with further drilling planned for Q4 2025.

Sokoman Minerals (OTCQB: SICNF) has announced significant updates across three key properties in Newfoundland. At Moosehead, the company has indefinitely postponed bulk sampling due to processing challenges, but plans to implement a new drilling program including three 1,000m deep holes. At Crippleback Lake, exploration revealed promising copper mineralization with samples showing up to 5.4% copper, and Phase 1 drilling suggests potential for a porphyry copper-gold or epithermal gold system. The property has been expanded to cover 300 claims along a 22-km prospective fault line.

At Fleur de Lys, the company plans to explore unprospected anomalies in the southern portion, following up on discoveries including boulder samples with values up to 9.04 g/t Au in the Golden Bull area. The company has engaged experts and plans additional surveys, trenching, and drilling across all properties.

Sokoman Minerals Corp. (SICNF) has filed for final TSX Venture Exchange approval of its non-brokered flow-through private placement financing. The company has already closed the first tranche on April 30, 2025, issuing 6 million flow-through common shares, and upon Exchange approval, will issue an additional 2 million shares. The total financing will comprise 8 million flow-through common shares for gross proceeds of CAD$400,000. The company will pay CAD$24,000 in total finders' fees and issue 480,000 non-transferable broker warrants exercisable at CAD$0.07 for one year. The proceeds will be used for eligible Canadian exploration expenses on the company's projects, with expenditures to be completed by December 31, 2026.

Sokoman Minerals Corp (SICNF) has received conditional approval from the TSX Venture Exchange for a CAD$400,000 non-brokered flow-through private placement financing. The company has closed the first tranche, issuing 6,000,000 flow-through common shares at CAD$0.05, raising CAD$300,000. The company will pay CAD$18,000 in finders' fees and issue 360,000 broker warrants exercisable at CAD$0.07 for one year.

Additionally, Sokoman received CAD$150,000 through the Mineral Incentive Program from the Government of Newfoundland and Labrador. The company's treasury will strengthen to approximately CAD$1.3 million. The funds will be used for eligible Canadian exploration expenses, which must be incurred by December 31, 2026.

Sokoman Minerals Corp. (SICNF) has provided an update on their Moosehead Gold Project in central Newfoundland. The company is preparing for two bulk samples in 2025. The first conventional bulk sample is scheduled for late May/early June on the Western Trend, involving approximately 1,000 cubic metres of mineralized rock with a weighted-average gold grade of 5.78 g/t Au. P&E Mining Consultants has been contracted to provide pit shell design. The second "surgical" sample, also approximately 1,000 cubic metres, will be extracted from the Footwall Splay Zone in Q4 2025 by Novamera Inc. The company is currently in discussions with third parties regarding conventional sample processing and awaiting Novamera's formal contract for the second sample.

Sokoman Minerals Corp. (SICNF) has filed for conditional approval with the TSX Venture Exchange for a CAD$400,000 non-brokered flow-through private placement financing. The company has closed the first tranche, issuing 6 million common shares at CAD$0.05, raising CAD$300,000. The company will pay CAD$18,000 in cash finders' fees and issue 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year. The securities have a four-month and one-day hold period. The proceeds will be used for eligible Canadian exploration expenses on the company's projects, with a commitment to incur these expenses by December 31, 2026.

Sokoman Minerals has completed its planned spin-out of Vinland Lithium shares. Here are the key details:

• Shareholders owning at least 8,000 Sokoman shares will receive approximately 50 Vinland shares for each 8,000 shares held
• The credit becomes effective May 7, 2025
• Sokoman will distribute 2,025,126 Vinland common shares to shareholders
• Sokoman will retain 2,000,000 Vinland shares
• Vinland has approximately 10,000,000 total issued shares

Important trading updates:

• New Sokoman shares will have the security number CA83410N1096
• New Sokoman shares will be listed on May 6, 2025
• Old Sokoman shares will be delisted on May 5, 2025
• Shareholders with less than 8,000 shares will not receive Vinland shares

Benton Resources will spin out the same number of Vinland shares to its shareholders. While Vinland shares won't be listed immediately, a separate exchange listing application has been made.

Sokoman Minerals Corp (TSXV: SIC) (OTCQB: SICNF) has announced a non-brokered flow-through private placement to raise up to CAD$400,000. The offering is priced at CAD$0.05 per flow-through share, with an imminent first closing of CAD$300,000 expected. The private placement is scheduled to close by May 7, 2025.

Shareholders will receive tax benefits applicable to flow-through shares under the Income Tax Act (Canada). The funds will be used for eligible Canadian exploration expenses that qualify as flow-through mining expenditures, which must be incurred by December 31, 2026. All securities issued will have a four-month and one-day hold period.