Sokoman Minerals Stock Price, News & Analysis

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has completed its non-brokered private placement financing, raising total gross proceeds of $1,706,250. The financing consisted of:

- 36,412,500 flow-through shares at $0.04 per share, raising $1,456,500
- 7,135,714 non-flow-through shares at $0.035 per share, raising $249,750

The company paid $57,200 in cash finders' fees and issued 1,458,000 non-transferable broker warrants (exercisable at $0.06 for one year) plus 1,200,000 common shares to finders. One insider participated for $10,000. The company plans to use $1,000,000 of the flow-through proceeds for the Moosehead gold property, with the remainder allocated to Fleur de Lys and Crippleback projects. Hard-dollar proceeds will be used for working capital.

Sokoman Minerals has resumed diamond drilling at the Western Trend gold zone of its Moosehead Project in Central Newfoundland. The program follows up on recently announced high-grade results, including intersections of 69.48 g/t Au over 4.85 m, 40.89 g/t Au over 4.30 m, and 26.72 g/t Au over 3.10 m from the trench area.

The drilling targets a high-grade shoot dipping East and down-plunge, with plans to extend it to depth and to the south. The Western Trend has been tested across 100m of strike to 165m down plunge and remains open. A conventional bulk sample extraction is planned for late Q1 or early Q2 2025, with discussions ongoing for offsite processing.

The company expects to receive final assays from pre-Christmas drilling shortly, with several holes noted to contain visible gold in quartz.

Sokoman Minerals Corp. (SICNF) has reported significant gold drilling results from its Western Trend program at the Moosehead Project. Key highlights include intersections of 69.48 g/t Au over 4.85m (including 176.47 g/t Au over 1.90m), 40.89 g/t Au over 4.30m, and 26.72 g/t Au over 3.10m.

The drilling program completed 19 holes totaling 1,325m before the Christmas break, with assays reported for 13 holes. Notably, 9 of 13 holes contained visible gold. The Western Trend drilling has tested 100m of strike to 80m down dip, with the zone remaining open. The next phase of drilling will target deeper holes up to 165m down plunge and 100m vertically.

The company plans to resume drilling on January 27 with a minimum 10-hole program. Additionally, Sokoman is in discussions with Novamera for a surgical bulk sample at the Footwall Splay using proprietary technology in Q3 2025.

Sokoman Minerals Corp. (SICNF) has announced significant drilling results from its Western Trend program at the Moosehead Project. Key highlights include intersections of 69.48 g/t Au over 4.85m (including 176.47 g/t Au over 1.90m), 40.89 g/t Au over 4.30m (including 74.08 g/t Au over 2.35m), and 26.72 g/t Au over 3.10m (including 40.56 g/t Au over 1.90m).

The drilling program completed 19 holes totaling 1,325m before Christmas, with assays reported for 13 holes. Visible gold was observed in 9 of 13 holes. The Western Trend drilling has tested 100m of strike to 80m down dip, with the zone remaining open. The company plans to resume drilling on January 27 with a minimum 10-hole program and is in discussions with Novamera for a surgical bulk sample at the Footwall Splay in Q3 2025.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has completed its non-brokered financing initiatives. The company raised CAD$1,456,500 through a flow-through (FT) financing, issuing 36,412,500 shares at CAD$0.04 each. Additionally, they closed the second tranche of non-flow-through (NFT) financing, issuing 700,000 shares for a total of 850,000 shares, raising CAD$29,750.

The company paid CAD$44,400 in finder's fees, issued 1,110,000 broker warrants exercisable at CAD$0.06 for one year, and 1,200,000 common shares to finders. CAD$1,000,000 of the proceeds will be allocated to the Moosehead gold property, with the remainder going to the Fleur de Lys and Crippleback projects.

Sokoman Minerals (TSXV:SIC)(OTCQB:SICNF) has completed its Phase 1 drill program at the Fleur de Lys Project in NW Newfoundland, executing 23 drill holes across an 8 km² section of the 329 km² project area. Twelve drill holes, including three holes on Noranda targets, successfully intersected gold mineralization (>200 ppb). The final hole (FDL-24-23) revealed five separate gold-bearing veins, indicating a promising new exploration direction.

While the source of the high-grade Golden Bull gold-mineralized boulder field remains unidentified, the company plans to conduct further exploration in 2025, including prospecting, mapping, geophysics, trenching, and a Phase 2 drilling program.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has closed the first tranche of its non-brokered financing, raising CAD$1,421,250. The company is issuing 35,400,000 flow-through shares at CAD$0.04 per share and 150,000 non-flow-through common shares at CAD$0.035. The financing includes CAD$42,000 in finders' fees, 1,050,000 broker warrants exercisable at CAD$0.06 for one year, and 1,200,000 common shares to finders.

The company plans to allocate CAD$1,000,000 of the flow-through proceeds to the Moosehead gold property, with the remainder going to Fleur de Lys and Crippleback projects. The funds will be used for Canadian exploration expenses qualifying as flow-through mining expenditures, which must be incurred by December 31, 2025.

Sokoman Minerals (TSXV:SIC)(OTCQB:SICNF) has provided an update on its Moosehead Gold Project. The company completed 1,325m of drilling across 19 holes at the Western Trend, with 13 holes intersecting visible gold-bearing quartz veins. The drilling program tested 100m of strike to 80m down dip, with the zone remaining open.

Metallurgical testing results showed impressive gold recoveries, with bulk gravity testing of quartz vein samples yielding 82.0-83.0% recovery, and subsequent leaching of gravity tailings achieving 95.0-96.6% recovery. The company plans a conventional bulk sample collection in Q2 2025, pending final permits.

Sokoman Minerals Corp (TSXV:SIC)(OTCQB:SICNF) has announced the postponement of its Annual General Meeting, which was originally scheduled for January 8, 2025. The decision was made due to the ongoing Canada Post strike. The company will reschedule the Meeting once the postal strike concludes.