Scorpio Gold Stock Price, News & Analysis

Scorpio Gold (OTCQB: SRCRF) will present at the New Orleans Investment Conference on November 2–5, 2025 and will host a roadshow in Atlanta on November 6, 2025 organized by Amvest Capital.

Investors will receive updates on the ongoing, fully funded 50,000+ meter drill program, current assays from Phase 1, and the recently announced Maiden Resource Estimate. An updated corporate presentation is available for review.

Scorpio Gold (OTCQB: SRCRF) filed an independent NI 43-101 Technical Report dated June 4, 2025, containing a maiden mineral resource estimate (Maiden MRE) for the 100%‑owned Manhattan District, Nye County, Nevada, plus a historical mineral estimate for satellite deposits.

Key metrics: an inferred resource of 740,000 oz Au at 1.26 g/t using a 0.3 g/t Au cut‑off; the Maiden MRE is supported by 1,341 drill holes totalling 92,635 metres; seven metallurgy test program summaries (1975–2012) are included. The company notes a Qualified Person has not made the Historical MRE current and it is not treated as current.

Scorpio Gold (OTCQB: SRCRF) launched a Phase 2 drilling program at its Manhattan District, Nevada, targeting a minimum of 50,000 metres across ~200 drill holes to be completed by the end of August 2026. Phase 2 will use three drills (two diamond core, one RC) to expand the recently announced maiden Mineral Resource Estimate and convert historic resources such as the Keystone Jumbo high-grade target.

The company completed Phase 1 of 12 diamond holes totalling 4,216 m, with four remaining Phase 1 holes (1,465 m) pending results. Scorpio Gold also retained Sideways Frequency LLC for marketing services for US$150,000 plus 400,000 stock options exercisable at US$0.35.

Scorpio Gold (OTCQB: SRCRF) reported additional Phase 1 drilling results at the Manhattan District, Nevada on October 14, 2025. Phase 1 completed 12 diamond drill holes totalling 4,216 m, with four remaining holes (1,465 m) pending assays.

Key intercepts include 25MN-017: 10.07 g/t Au over 5.94 m, 25MN-016: 0.91 g/t Au over 36.39 m (includes 3.33 g/t over 4.08 m) and 25MN-015: 5.49 g/t Au over 7.32 m. Results expand mineralization in the Gap Zone, Reliance Trend and Mustang Hill and support a planned Phase 2 to target resource expansion toward a two-million-ounce objective.

Scorpio Gold (OTCQB: SRCRF) has announced its Maiden Mineral Resource Estimate (MRE) for its 100%-owned Manhattan District in Nevada, along with a Historical MRE for satellite deposits. The Maiden MRE revealed 740,000 oz of contained gold in the inferred category, with 18,343 tonnes grading 1.26 g/t gold at the Goldwedge & Manhattan Pit areas.

The Historical MRE, covering the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas, indicates 1,652,325 tonnes grading 5.89 g/t gold for 303,949 oz of contained gold. The Maiden MRE incorporates over 92,000 metres of historical drilling from more than 1,300 drillholes, establishing a robust foundation for future expansion.

Scorpio Gold (OTCQB: SRCRF) has completed the sale of its Mineral Ridge Gold subsidiary and project in Esmeralda County, Nevada, to an undisclosed purchaser for US$7.5 million. The transaction structure includes: US$5 million upfront payment, US$1.5 million in escrow to be released in two equal installments (November 2025 and May 2026), and a final payment of US$1 million due August 2026.

The deal includes the transfer of reclamation bond obligations to the purchaser, while Scorpio retained certain project assets through its subsidiary. The company plans to use the proceeds to advance its flagship Manhattan District project, with CEO Zayn Kalyan highlighting the transaction's strategic importance in strengthening the company's balance sheet and eliminating ongoing holding costs.

Scorpio Gold (OTCQB: SRCRF) has announced significant drilling results from its Manhattan District Project in Nevada. The company reported impressive intersections from hole 25MN-011, including 1.24 g/t gold over 92.81 metres, with a high-grade section of 19.01 g/t gold over 3.05 metres.

The Phase One drilling program targeted three key areas: the Gap Zone, Mustang Hill, and the Zanzibar Trend. The initial results from holes 25MN-011 and 25MN-012 confirm mineralization in the previously undrilled 200-meter Gap Zone, connecting the historic West Pit to the Goldwedge underground mine. A new deep mineralization zone was discovered, presenting opportunities for resource expansion.

The company has completed 11 diamond drill holes totaling 3,820 metres, with additional assay results pending. A maiden resource estimate for Manhattan is anticipated in Q3 2025.

Scorpio Gold (OTCQB: SRCRF) has announced significant equity issuances through its incentive plan. The company granted 8.6 million stock options exercisable at $0.25 for five years, with vesting in four tranches between January 2026 and July 2027. Additionally, two sets of restricted share units (RSUs) were issued: 180,000 RSUs vesting in three tranches through July 2028, and 7.75 million RSUs vesting in four tranches through July 2029.

Of these grants, 5.35 million options and 7.75 million RSUs were allocated to officers and directors, qualifying as related party transactions but exempt from formal valuation and minority shareholder approval requirements. Following these issuances, the company now has 16.2 million options and 8.83 million RSUs outstanding.

Scorpio Gold (OTCQB: SRCRF) has entered into a definitive agreement to sell its Mineral Ridge project in Esmeralda County, Nevada for US$7.5 million in cash. The transaction structure includes a US$700,000 non-refundable deposit by August 7, 2025, US$4.3 million at closing by August 25, 2025, and additional payments over 12 months.

The deal includes US$1.5 million held in escrow as an indemnification holdback, released in two equal installments at 3 and 9 months post-closing, plus US$1 million payable at the 12-month anniversary. The purchaser will assume all reclamation bond obligations related to the project.

The company plans to redirect resources to its Manhattan District project, which management believes could host a multi-million-ounce gold deposit. The transaction is subject to regulatory approvals, including TSXV approval.