Spanish Mtn Gold (SPAUF) Stock News

Spanish Mountain Gold (OTCQB: SPAUF) held its Annual General Meeting (AGM) on August 21, 2025. The company announced that shareholders approved all matters of business outlined in the management information circular. The Board of Directors was confirmed, consisting of Brent Bergeron, Peter Mah, Lembit Janes, Richard Orazietti, and Garnet Dawson.

Spanish Mountain Gold (OTC:SPAUF) has revised and upsized its brokered private placement offering from C$5,000,000 to C$6,000,000 due to strong investor demand. The offering includes up to 20,689,655 Units at C$0.145 per Unit for C$3,000,000, and an additional C$3,000,000 from a combination of Flow-Through Units at C$0.165 and Charity Flow-Through Units at C$0.20.

Each Unit includes one common share and one warrant exercisable at C$0.22 for 36 months. Red Cloud Securities is acting as lead agent with an option to sell an additional C$1,200,000 in securities. The proceeds will fund exploration at the Spanish Mountain Gold Project in British Columbia's Cariboo Gold Corridor and working capital needs. The offering is expected to close around August 27, 2025.

[ "Strong investor demand led to 20% increase in offering size from C$5M to C$6M", "Additional C$1.2M option granted to agent indicates potential for further upsize", "Proceeds will advance exploration at Spanish Mountain Gold Project", "Multiple offering types (Units, FT Units, Charity FT Units) provide flexible funding options" ]

Spanish Mountain Gold (OTC:SPAUF) has announced a brokered private placement to raise up to C$5,000,000 through Red Cloud Securities. The offering consists of up to 20,689,655 Units at C$0.145 per Unit (for C$3,000,000) and up to 12,121,212 flow-through share units at C$0.165 per FT Unit (for C$2,000,000).

Each Unit includes one common share and one warrant exercisable at C$0.22 for 36 months. FT Units comprise one flow-through share and half a warrant. Red Cloud has an option to sell an additional C$1,000,000 in securities. The proceeds will fund exploration at the Spanish Mountain Gold Project in British Columbia's Cariboo Gold Corridor and working capital needs. The offering is expected to close around August 27, 2025.

Spanish Mountain Gold (OTCQB:SPAUF) has completed a shares for debt transaction with Whittle Consulting Ltd. to settle $379,720 in outstanding debt. The settlement includes a cash payment of $14,320 and the issuance of 2,110,919 common shares at $0.1731 per share.

The shares issued are subject to a four-month plus one-day statutory hold period. The transaction required and received TSX Venture Exchange approval.

Spanish Mountain Gold (OTCQB: SPAUF) has announced a debt settlement agreement with Whittle Consulting Ltd. to resolve an outstanding debt of $379,720. The settlement terms include a cash payment of $14,320 and the issuance of 2,110,919 common shares at $0.1731 per share.

The debt stems from past services provided by Whittle Consulting Ltd. The completion of this settlement is contingent upon TSX Venture Exchange approval, and the issued shares will be subject to a four-month-plus-one-day statutory hold period.

Spanish Mountain Gold (OTCQB:SPAUF) has announced a new Preliminary Economic Assessment (PEA) for its Spanish Mountain Gold Project in British Columbia, revealing significant economic potential. At a base case gold price of US$2,450/oz, the project demonstrates an after-tax NPV5% of C$1.0 billion with an 18.2% IRR and 3.4-year payback period.

The project features a 24.5-year mine life with projected production of 3 million ounces of gold. The first five years will see average annual production of 203,265 oz at an AISC of US$1,024/oz. Initial capital expenditure is estimated at C$1,250 million. The project boasts high resource confidence with 98.4% of resources in Measured and Indicated categories.

Using current spot gold price of US$3,300/oz, the project's economics improve substantially to an NPV5% of C$2.3 billion, 32.0% IRR, and 2.0-year payback period.

[ "After-tax NPV5% of C$1.0 billion with 18.2% IRR at base case gold price", "Substantial production profile of 203,265 oz gold annually in first 5 years", "Long mine life of 24.5 years with 3 million ounces total gold production", "High resource confidence with 98.4% in Measured and Indicated categories", "Strong economics at current gold prices: NPV5% C$2.3 billion with 32% IRR", "Innovative de-risked tailings facility with 100% process water reuse", "Strategic location with existing infrastructure and power access" ]

Spanish Mountain Gold (SPAUF) has announced final results from its 10,000m winter drilling program, highlighting significant discoveries in the K-Zone. The key finding was hole 25-DH-1290, a 300m step-out hole that intercepted broad mineralization of 0.49 g/t Au over 100.49m, including high-grade sections of 1.29 g/t Au over 15m and 12.13 g/t Au over 1m with visible gold. The program also discovered a new cataclastic argillite unit at 240m depth, potentially extending mineralization beyond the 2021 Prefeasibility Study boundaries. Additional holes (25-DH-1288 and 25-DH-1291) encountered multiple quartz veins with promising gold values. The drilling campaign has expanded the mineral endowment potential strike length to 3km, with new prospective targets identified within the mafic tuff unit.

Spanish Mountain Gold (SPAUF) has announced the grant of stock options to its officers, directors, employees, and consultants. The company issued 2,860,500 stock options to officers and directors, and an additional 221,500 options to employees and consultants. Each option allows the holder to purchase one Common Share at an exercise price of $0.175, with a ten-year exercise period.

Spanish Mountain Gold (SPAUF) has announced significant drilling results from its Phoenix Target at the Spanish Mountain Gold project in British Columbia. The winter drilling program revealed extensive near-surface gold mineralization spanning approximately 1,450m x 450m x 60-320m, with the target remaining open in all directions. Notable intercepts include hole 25-CCR-062 with 62.00m grading 1.47 g/t Au including 4.00m at 17.28 g/t Au, and hole 25-CCR-053 with 188.20m grading 0.31 g/t Au. The company has engaged Equity Exploration to establish a maiden resource estimate for the Phoenix Target, expected in Q2 2025, though it won't be included in the upcoming Preliminary Economic Assessment's economic analysis. The drilling program consisted of 31 holes total, with 14 specifically targeting the Phoenix area, demonstrating consistent mineralization zones with grades of 0.40 g/t Au and higher-grade intervals ranging from 1.0 to over 20.0 g/t Au.