Welcome to our dedicated page for Tomagold news (Ticker: TOGOF), a resource for investors and traders seeking the latest updates and insights on Tomagold stock.
TomaGold Corp. (OTCPK: TOGOF, TSXV: LOT) is a Canadian junior mining company focused on gold, copper and other precious and base metal projects, primarily in Quebec and Ontario. The TomaGold news feed on Stock Titan brings together the company’s publicly released updates so investors can follow its exploration and corporate developments in one place.
According to its disclosures, TomaGold’s core assets are in the Chibougamau Mining Camp in northern Quebec, where it owns the Obalski gold-copper-silver project and holds options on several additional properties, including the Berrigan Mine, Radar, David and Dufault projects. News items often cover drill results, technical interpretations and option milestones for these properties, as well as activities on its lithium and rare earth element projects in the James Bay region and its joint venture interest in the Baird gold property near the Red Lake Mining Camp in Ontario.
Investors tracking TOGOF news can expect updates on exploration programs, such as diamond drilling campaigns and geophysical surveys, along with announcements about option agreement amendments, completion of option commitments and land package expansions. TomaGold also regularly reports on financing transactions, including non-brokered private placements of common and flow-through shares, units with share purchase warrants and related stock option grants.
This news page is useful for readers who want a consolidated view of TomaGold’s exploration progress, property agreements and corporate financing activity as disclosed through its official news releases. For ongoing monitoring of TOGOF, consider revisiting this page to review the latest company announcements and project updates.
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.