Welcome to our dedicated page for Waraba Gold news (Ticker: WARAF), a resource for investors and traders seeking the latest updates and insights on Waraba Gold stock.
Waraba Gold Limited (WARAF) generates news primarily through its gold exploration and corporate financing activities. The company describes itself as a resource exploration company acquiring and exploring mineral properties, and its updates focus on technical progress at its projects and transactions that support ongoing work. Readers following Waraba’s news can see how exploration results, licence arrangements and capital raises develop over time.
A key source of news is Waraba’s work at the Fokolore Gold Project in western Mali, West Africa. The company has reported the commencement and continuation of a multi‑phase drilling campaign there, including reverse circulation and diamond core drilling. News releases detail drilling progress, assay results from Phase 1, geological interpretations of the Mamoudouya and Kabafing targets, and the transition to different drilling methods to obtain more detailed geological information.
Another recurring theme in Waraba’s announcements is its earn‑in term sheet with Somaco Global Resources SARL in Ivory Coast. Updates describe payments made under the agreement, the prospective Sirasso and Tengrela gold licence applications, and planned share issuances and exploration commitments required to earn up to 80% of Somaco. These items provide insight into how Waraba is building a pipeline of West African gold exploration assets.
Waraba’s news flow also covers corporate and capital markets events, including private placements of common shares, proposed debenture financings, board and management changes, and a planned consolidation of its common shares. Investors can use this news page to track how the company funds its exploration programs, manages its share structure and responds to operating conditions in its project areas.
Waraba Gold (OTC:WARAF) provided supplemental and corrective disclosure for its February 23, 2026 shareholder meeting regarding a Private Placement, Debt Settlements and related Pre-Funded Warrants.
The company raised C$1,164,000.06, settled C$1,036,000 of debt, issued 9,355,808 shares and 22,072,762 Pre-Funded Warrants, and disclosed related-party participation totaling 18.78%.
Waraba Gold (OTC: WARAF) closed the second and final tranche of a private placement for $700,000, which included $630,000 in debt settlements, by issuing 10,000,000 pre-funded warrants at $0.07 each.
The pre-funded warrants cannot be exercised unless disinterested shareholders approve the offering that exceeds CSE policy thresholds; if not approved, holders may redeem warrants for debentures equal to the purchase price. All securities from the tranche are subject to a four-month-and-one-day hold period.
Raised funds will support earn-in commitments on the Ivory Coast projects and general working capital. An Annual General and Special Meeting is set for Feb 23, 2026 to vote on approval of 22,515,619 shares underlying the pre-funded warrants and insider participation; record date is Jan 16, 2026. Meeting materials will be available on SEDAR+.
Waraba Gold Limited (CSE: WBGD) has announced a significant share consolidation (reverse stock split) on a 18:1 ratio, effective October 3, 2025. The consolidation will reduce the company's outstanding common shares from 168,403,338 to approximately 9,355,741.
The company's name and stock symbols will remain unchanged, though new CUSIP and ISIN numbers will be assigned. All convertible securities will be proportionally adjusted, and fractional shares will be rounded up if equal to or greater than one-half, or cancelled if less.
Registered shareholders will receive transmittal letters from National Securities Administrators Ltd. with exchange instructions, while beneficial holders should contact their intermediaries regarding the process.
Waraba Gold Limited (WARAF) has completed an initial payment of US$300,000 as part of an earn-in agreement to acquire up to 80% of Somaco Global Resources SARL. The agreement involves two prospective gold license applications in northern Ivory Coast:
- Sirasso License (369.34 km²) located along the Senoufou greenstone belt, near Barrick Gold's Tongon Mine
- Tengrela License (398.7 km²) situated between Sissengue and Mahale permits
The next milestone includes issuing 6 million new common shares, paying an additional US$200,000 to vendors, and appointing two Somaco nominees as directors. This marks Waraba's strategic entry into West Africa's gold exploration corridor.
Waraba Gold (WARAF) has issued a correction to its March 25, 2025 release regarding its Ivory Coast operations. The company clarifies that the previously mentioned 'Tiegba' license was erroneously included and should be disregarded.
The corrected earn-in agreement details with Somaco include:
- Waraba can earn up to 80% stake in Somaco over 4 years
- Initial payment of US$500,000 within two months
- Additional US$1.5 million payment over following 2 years
- US$5 million in exploration commitments over 4 years
- Issuance of 6 million common shares upon JVA signing
Somaco holds two pending gold license applications in northern Ivory Coast: The Sirasso License (369.34 km²) along the Senoufou greenstone belt, and the Tengrela License (398.7 km²) near the Syama mineralized shear zone. The vendors will retain a 2% net smelter return royalty on the licenses.
Waraba Gold (WARAF) has announced key strategic moves, including an earn-in agreement to acquire up to 80% of Somaco Global Resources SARL in Ivory Coast. The deal involves two prospective gold license applications: the Sirasso License (369.34 km²) near Barrick Gold's Tongon mine, and the Tengrela & Tiegba Licenses (767.67 km² combined) in strategic locations.
The earn-in terms include:
- Initial payment of US$500,000 within two months
- Additional US$1.5 million over 2 years
- US$5 million in exploration commitments over 4 years
- Issuance of 6 million common shares upon JVA signing
Additionally, the company plans to raise US$500,000 through non-convertible unsecured debentures maturing in 12 months. Operations at the Fokolore Gold Project in Mali have been suspended due to security concerns, though the company previously submitted a mining permit application in June 2024.
Waraba Gold (CSE: WBGD) (FSE: ZE0) (OTC Pink: WARAF) has announced the continuation of its drilling program at the Fokolore Gold Project in western Mali, West Africa. The company is transitioning from reverse circulation (RC) drilling to diamond core drilling for the next part of its Phase 1 campaign.
This transition follows initial results announced on August 7, 2024, which provided significant geological and structural insights into the mineralized zones. The diamond core drilling technique allows for the recovery of more detailed geological information, important for understanding mineralization and structural controls within the deposit.
The new drilling phase aims to systematically define the extent and grade of gold mineralization, targeting both known zones and exploring new areas within the Fokolore Project. This approach is expected to provide higher-quality samples and enable a more comprehensive analysis of the mineralized zones, expanding Waraba's understanding of the mineralized system.
Waraba Gold (CSE: WBGD) has announced initial results from its 2024 Phase 1 reverse circulation (RC) drill program at the Fokolore Gold Project in western Mali. Key highlights include:
- 13 RC drill holes completed, totaling 1369 meters
- 1369 RC drill samples collected
- Significant gold intercepts from the Mamoudouya Target, including:
- 7 m of 2.80 g/t Au from 13 m, including 2 m of 8.36 g/t Au
- 4 m of 3.19 g/t Au from 28 m, including 1 m of 11.77 g/t Au
- 3 m of 3.73 g/t Au from 57 m, including 1 m of 7.98 g/t Au
The drilling program aims to expand the potential exploration target from 2.3 km to 3.5 km along strike. Drilling is ongoing, with plans for Phase 2 and 3 to follow.
Waraba Gold (CSE: WBGD) (FSE: ZE0) (OTC Pink: WARAF) has announced a significant change in its leadership team. Effective August 2, 2024, Mr. Carl Esprey has stepped down from his role as interim Chief Financial Officer. The company has appointed Mr. José Teixeira as the new Chief Financial Officer and a member of the board of directors. Carl Esprey, who remains a director of the company, expressed his satisfaction with Mr. Teixeira's appointment to the Board. This management change marks a new chapter for Waraba Gold , potentially bringing fresh perspectives and expertise to the company's financial leadership and strategic direction.
Waraba Gold (CSE: WBGD, FSE: ZE0, OTC Pink: WARAF) has concluded a non-brokered private placement of common shares, raising $777,726. The placement issued up to 13,429,900 common shares at a price of $0.03 each. The funds will be utilized for exploration and general working capital. The issued shares will be under a statutory hold period of four months and one day from the issuance date.