Tomagold Stock Price, News & Analysis

TomaGold (OTCPK: TOGOF) closed the first tranche of a non-brokered private placement on November 21, 2025, raising $1,105,000. The financing issued 19,300,000 flow-through shares at $0.05 and 3,500,000 units at $0.04; each Unit includes one share and one-half warrant exercisable at $0.08 for 24 months. The company paid $56,000 in cash finder's fees and issued 1,120,000 finder’s warrants. An officer purchased 750,000 Units for $30,000 (related party). FT proceeds will fund eligible Canadian exploration expenses. Securities carry a statutory hold period of 4 months plus one day and closing is subject to TSXV final approval.

TomaGold (OTCPK: TOGOF) reports completion of all acquisition commitments for the first two years of its option agreements with SOQUEM to acquire 100% of seven Chibougamau properties, marking progress across its project portfolio.

The company is awaiting final geophysical and assay results for eight David Project drill holes and five Berrigan Mine holes, plans winter drilling at Radar with 26 targets, and has staked 49 new claims connecting the western Chibougamau land package.

Financing of $2,250,000 announced Nov 7, 2025 is advancing with a first closing expected shortly; a $1,000,000 contingent payment related to prior property sales is progressing toward a Dec 10, 2025 shareholder meeting by Northern Superior. TomaGold disclosed a US$300,000 fraud loss and is working with Montréal and Milan authorities. TSXV approval for the CIM option remains contingent on a NI 43-101 submission.

TomaGold (OTCPK: TOGOF) announced a proposed non‑brokered private placement dated November 7, 2025 to raise up to $2,250,000.

The Offering comprises up to 30,000,000 flow‑through shares at $0.05 per FT Share and up to 18,750,000 units at $0.04 per Unit; each Unit includes one common share and one‑half warrant (one whole warrant per two Units) exercisable at $0.08 for 24 months. Net proceeds from Units are for general and corporate working capital; FT Share proceeds must be spent on eligible Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures.

All securities will be subject to a four months plus one day hold period and the Offering is subject to TSX Venture Exchange approval.

TomaGold (OTCPK: TOGOF) expects to receive a $1,000,000 contingent payment in cash or shares following Northern Superior's announced acquisition by IAMGOLD, which meets the transaction's >$2 billion change-of-control condition. TomaGold also retains a 2.0% NSR royalty on the Hazeur, Monster Lake East and Monster Lake West properties, with the purchaser able to repurchase 1.0% NSR for $1,000,000.

Separately, TomaGold completed 4,420 metres of diamond drilling in Chibougamau (2,615 m on David Project, 1,805 m on Berrigan); assays are pending. Technical content reviewed by the qualified person Jean Lafleur, P.Geo.

TomaGold Corporation (OTCPK: TOGOF) has amended its option agreements with Chibougamau Independent Mines and Globex Mining Enterprises regarding mining properties in the Chibougamau Mining Camp, Quebec. The amended agreement with CIM involves acquiring a 100% interest in multiple properties for total considerations of $2.7M in cash, $1.85M in shares, and $5.6M in property expenditures over six years.

The Globex agreement amendment allows TomaGold to acquire 100% interest in the Gwillim claims for $140,000 in cash, $131,250 in shares, and $1.5M in property expenditures over five years. Both transactions include structured payment schedules and remain subject to TSX Venture Exchange approval.

TomaGold Corporation (OTCPK: TOGOF) has launched a significant 53-hole exploration drilling program across its Chibougamau projects in Quebec, including Obalski, Berrigan Mine, Radar, David, and Dufault. The company also revealed promising results from its 3D geological model at the Obalski project.

The comprehensive 3D modeling identified two major shear systems: a SE-NW trending structure associated with copper-gold mineralization and a NE-SW trending shear hosting predominantly gold mineralization. The model revealed that copper enrichment concentrates along intrusive unit margins, with a mineralized zone trending north-northeast at a 32° east plunge.

The technical analysis has defined multiple high-priority exploration targets, particularly at structural intersections and intrusive-volcanic contacts, suggesting significant exploration potential for the project.

TomaGold (OTCPK: TOGOF) has completed the sale of its Hazeur, Monster Lake East, and Monster Lake West properties to Northern Superior Resources. The transaction includes an immediate $1,000,000 cash payment and a 2% net smelter returns (NSR) royalty on mineral production from the properties.

Northern Superior has the option to repurchase half of the NSR (1%) for $1,000,000. An additional $1,000,000 payment, either in cash or shares, may be triggered by certain events. The sale enables TomaGold to focus on exploration programs at its core properties in the Chibougamau Mining Camp, including Obalski, Berrigan, Radar, David, and Dufault.

TomaGold (TSXV: LOT) (OTCQB: TOGOF) has decided not to proceed with the acquisition of the East Block from Chibougamau Independent Mines Inc. (TSXV: CBG). Despite having financing proposals, the companies couldn't agree on commercially acceptable terms. TomaGold has received work commitment extensions to December 15, 2024 for the West Block project from SOQUEM Inc., Chibougamau, and Globex Mining Enterprises Inc. The company will hold its annual general and special meeting of shareholders on August 29, 2024. Additionally, board member Wanda Cutler has resigned effective June 12, 2024.