Lodestar Metals Corp. is a Canadian junior gold exploration company focused on the Gold Run Project in Nevada, a drill-ready property described by the company as located on a major Carlin-style gold trend. Company news centers on exploration work at Gold Run, including drill permitting, reverse-circulation drilling, target definition, historical gold-silver data, and mineral-property agreements such as the Black Diamond mining patent. Updates also cover non-brokered private placements, common-share and warrant units, use of proceeds for drilling and working capital, board changes, and stock-option grants.
Lodestar Metals (OTC: SVTNF) closed the final tranche of a non‑brokered private placement, issuing a total of 7,850,000 Units at $0.20 for gross proceeds of CAD$1.57M. Each Unit includes one common share and one warrant exercisable at $0.30 for 18 months. Proceeds will fund exploration and drilling at Goldrun and general working capital. The Company also granted 785,000 stock options at $0.20 exercisable for five years. Finder fees totaled $44,810 plus 222,700 finder warrants.
Lodestar Metals (OTC: SVTNF) closed the first tranche of a non‑brokered private placement, issuing 5,150,000 Units at $0.20 for gross proceeds of $1,030,000. Each Unit includes one common share and one warrant exercisable at $0.30 for 18 months.
Finder fees of $13,050 and 65,250 finder warrants were issued. Proceeds will fund exploration and drilling on the Gold Run Property and working capital. Securities are subject to a four‑month plus one day hold period and TSX Venture Exchange acceptance; they are not registered for sale in the United States.
Lodestar Metals (OTC: SVTNF) announced a non‑brokered private placement of 7,500,000 units at $0.20 for gross proceeds of $1,500,000 on January 21, 2026. Each Unit comprises one common share and one warrant exercisable at $0.30 for 18 months. Finder arrangements with Integrity Capital Group allow up to 8% cash commissions and 8% finder’s warrants (or 3%/3% for company‑identified investors); finders’ warrants exercise at $0.20 for 18 months. Proceeds are earmarked for exploration and drilling on the Gold Run Property and for working capital. All securities are subject to a hold period of four months plus one day and the Offering is subject to TSXV acceptance. Securities are not registered for sale in the United States.
Lodestar Metals (OTC: SVTNF) has begun a Dipole-Dipole Induced Polarisation (DDIP) geophysics program at its Goldrun property, Nevada, to identify chargeability anomalies associated with gold-silver mineralization. Four new DDIP lines will expand coverage to Robbers Knob and Grindstone Flats. Results are expected in the coming weeks with interpreted highlights anticipated in February 2026. Lodestar lodged a maiden drill permit in December and targets a first drill campaign in March–April 2026, subject to permits, contractor availability and weather.
Lodestar Metals (OTC: SVTNF) appointed David Christie as Chairman effective January 9, 2026. Mr. Christie joined the board June 24, 2025 and brings 39 years of mining, exploration and finance experience, including leadership roles that led to corporate sales and mergers (Orford sale to Alamos Gold in April 2024; involvement in creation of Osisko Mining). He is currently President and COO of Globex Mining and holds a BSc in Geology from McMaster University.
The company also granted 1,600,000 stock options exercisable at $0.15 with a five-year term to directors, officers and consultants.
Lodestar Metals (OTC: SVTNF) completed soil geochemistry and UAV magnetics at its Gold Run Project, Nevada, and finalized plans for a maiden diamond drill program and a project-wide DDIP geophysical survey to begin in Q1–Q2 2026. The drill program will target four priority prospects: Independence Trend, Gomes, Robbers Knob, and Crown North. The DDIP survey, contracted to ZongeInternational, will expand IP coverage, generate new chargeability anomalies, and refine 3D targeting to guide 2026 follow-up drilling. Ongoing work includes permitting, environmental submissions, and contractor engagement.
Lodestar Metals (OTCQB: SVTNF) has increased its previously announced private placement to C$1,500,000 at C$0.075 per Unit, for up to 20,000,000 Units. Each Unit comprises one common share and one-half warrant; each whole warrant allows purchase of one share at $0.12 for two years.
The Company can accelerate the warrant expiry if the volume-weighted average price reaches $0.15 for a consecutive 10 trading day period, with acceleration effective 30 days after notice. Finder fees of up to 6% cash plus 6% warrants may be paid. Proceeds are for exploration and drilling on the Goldrun Project in Nevada and for working capital. Securities will be restricted from resale for four months and one day. The Offering is subject to TSX Venture Exchange acceptance.
Lodestar Metals Corp. (OTCQB: SVTNF) has entered into an exclusivity agreement to negotiate terms for optioning silver-focused claims in the West Eureka Project, Nevada. The project comprises 20 unpatented lode claims within the Battle Mountain - Eureka Trend, featuring promising historical grab samples including up to 378 g/t silver at Silver King prospect.
The company paid a US$7,500 fee for exclusive rights until November 15, 2025, to finalize the agreement. Additionally, Lodestar is evaluating 65 unpatented lode claims in the Austin Silver District. The company also announced an investor relations agreement with 15605237 Canada Inc. for $25,000 and granted 500,000 stock options at $0.05 per share.
Lodestar Metals (OTCQB: SVTNF) has identified five new undrilled IP targets at its Goldrun Project in Nevada, supported by significant gold intersections and high-grade silver findings. The targets were discovered through 3D integration of historical Deep Dipole Induced Polarization data with drill results and surface sampling.
Key findings include gold intersections of 13.7 meters at 1.3 g/t Au at the Gomes Prospect and exceptional silver grades up to 3,307 g/t in surface samples. The company has completed a 395-sample soil geochemistry survey and plans a high-resolution ground magnetic survey for September 2025, along with LiDAR mapping to refine these targets.
The targets demonstrate significant scale potential, with chargeability anomalies extending over 140m at Gomes and 650m at Independence, suggesting substantial mineralization potential.
Lodestar Metals Corp. (TSXV: LSTR) (OTC: SVTNF) has announced its engagement with Atrium Research Corporation for company-sponsored research services. Atrium will create a Company Spotlight report and conduct a recorded management interview to present Lodestar's investment case to potential investors.
The engagement will span up to 4 weeks with a compensation of $4,000 for Atrium's services. The companies maintain an arm's-length relationship, with Atrium and its insiders holding no shares or options in Lodestar.