Scorpio Gold Clarifies Trading Halt

Scorpio Gold (SGLD) reports that the trading halt imposed earlier on September 2, 2026, was applied in error and that it has requested trading in its common shares and American Depositary Shares to resume.

Rhea-AI Summary

Scorpio Gold (SGLD) reports that the trading halt imposed earlier on September 2, 2026, was applied in error and that it has requested trading in its common shares and American Depositary Shares to resume.

Scorpio Gold holds a 100% interest in the Manhattan District in Nevada’s Walker Lane Trend, covering approximately 4,780 hectares. The district includes the advanced exploration-stage Goldwedge Mine and four past-producing pits acquired from Kinross in 2021. The company highlights the area’s over 140,000 metres of historical drilling, resource potential, and existing permitting and water rights. Scorpio Gold is listed on Nasdaq, TSXV, OTCQB and the Frankfurt Stock Exchange under various symbols linked to SGLD and SRCRF.

Argus Sep 2 session

+44.25% close to close Open Argus

Details

News Market Reaction – SRCRF

On Sep 2, the day this news came out, SRCRF closed 44.25% above the previous close.

Data tracked by StockTitan Argus for the Sep 2 session.

Key Figures

Announcement date: September 2, 2026 Ownership interest: 100% District size: ~4,780 hectares +2 more

Announcement date

September 2, 2026

Trading halt clarification

Ownership interest

100%

Manhattan District

District size

~4,780 hectares

Manhattan District in Nevada

Past-producing pits

4 pits

Acquired from Kinross in 2021

Historical drilling

Over 140,000 metres

Manhattan District

Historical Context

5 past events · Latest: Aug 27

5 events

1. Aug 27

   NASDAQ listing approval

   24h Move

   -3.8%

   NASDAQ listing approved, ADS structure preserved existing capital structure without share consolidation

2. Aug 10

   Phase 2 drilling results

   24h Move

   +14.4%

   Drilling reported multiple gold intercepts across Goldwedge and Zanzibar Trend targets

3. Jul 14

   Phase 2 drilling results

   24h Move

   -2.6%

   Goldwedge drilling produced a broad mineralized interval with higher-grade sub-intervals

4. Jun 24

   Phase 2 drilling results

   24h Move

   -5.1%

   Black Mammoth drilling identified mineralization beyond the inferred resource-constraining pit

5. Jun 9

   Phase 2 drilling results

   24h Move

   -3.0%

   Goldwedge drilling returned high-grade gold and expanded caldera exploration area

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

american depositary shares, trading halt

2 terms

american depositary shares financial

"common shares and American Depositary Shares ("ADSs") resume"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

trading halt regulatory

"the trading halt imposed earlier today was done in error"

A trading halt is a temporary pause on buying and selling a particular stock imposed by an exchange or regulator, like pressing the pause button on a game so everyone can catch up. It is used to give the market time to absorb important new information or to prevent chaotic price swings, and matters to investors because it freezes the ability to trade, delays price discovery, and can change risk and strategy until normal trading resumes.

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Vancouver, British Columbia--(Newsfile Corp. - September 2, 2026) - Scorpio Gold Corporation (NASDAQ: SGLD) (TSXV: SGLD) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") announces that the trading halt imposed earlier today was done in error. The Company has requested that trading in its common shares and American Depositary Shares ("ADSs") resume.

About Scorpio Gold Corp.
Scorpio Gold holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, USA. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, and four past-producing pits that were acquired from Kinross in 2021 (see news release dated March 25, 2021 https://scorpiogold.com/news/scorpio-gold-closes-purchase-of-kinross-manhattan-property-nye-county-nevada/). The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 140,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights.

ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION

Zayn Kalyan, Chief Executive Officer and Director
Tel: (604)-252-2672
Email: zayn@scorpiogold.com

Investor Relations Contact:
Kin Communications Inc.
Tel: (604) 684-6730
Email: SGLD@kincommunications.com

Connect with Scorpio Gold:
Email | Website | Facebook | LinkedIn | X | YouTube
To register for investor updates please visit: scorpiogold.com
(NASDAQ: SGLD) (TSXV: SGLD) (FSE: RY9)

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are based on the beliefs, estimates and opinions of management as of the date hereof and are subject to known and unknown risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, which are not guarantees of future performance. Forward-looking statements in this news release relate to the Company's expectation that trading in its common shares and ADSs will resume. Actual results may differ materially from those anticipated due to factors including regulatory actions and market conditions. Risks and uncertainties are described in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. The forward-looking information in this news release is made as of the date hereof. The Company undertakes no obligation to update this information except as required by applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312633

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why was trading in Scorpio Gold (SGLD) shares halted on September 2, 2026?

Trading in Scorpio Gold’s common shares and ADSs was halted earlier on September 2, 2026, but the company states the halt was imposed in error and has requested that trading resume.

What action is Scorpio Gold (SGLD) taking after the erroneous trading halt?

Scorpio Gold has requested that trading in its common shares and American Depositary Shares resume following what it describes as an erroneously imposed trading halt.

What mining assets does Scorpio Gold (SGLD) hold in the Manhattan District?

Scorpio Gold holds a 100% interest in the Manhattan District in Nevada, covering about 4,780 hectares, including the advanced exploration-stage Goldwedge Mine and four past-producing pits acquired from Kinross in 2021.

On which markets are Scorpio Gold (SGLD, SRCRF) securities listed?

Scorpio Gold’s securities trade under symbols including SGLD on Nasdaq and TSXV, SRCRF on OTCQB, and RY9 on the Frankfurt Stock Exchange, as stated in the announcement.