Loncor Gold Inc Stock Price, News & Analysis

Loncor Gold (OTCQX: LONCF) reported multiple high-grade intersections from deep drilling at the Adumbi deposit on December 15, 2025.

Key highlights include borehole LADD033 intersections: 26.36 m @ 4.19 g/t, 15.49 m @ 6.92 g/t, 16.40 m @ 3.24 g/t and a narrow very high-grade 1.36 m @ 298 g/t. Adumbi previously hosts a 3.66 Moz pit-shell resource including indicated 1.88 Moz (28.185 Mt @ 2.08 g/t) and inferred 1.78 Moz (20.83 Mt @ 2.65 g/t) within a USD1,600/oz open pit shell.

Company notes true widths are ~72% of intercepted lengths and several high-grade zones occur below the pit shell, potentially amenable to underground extraction.

Loncor Gold (OTCQX: LONCF) shareholders approved the previously announced acquisition by Chengtun Mining via Chengtun Gold Ontario, with 99.70% of votes cast in favour at the special meeting held on December 11, 2025.

The vote met the required thresholds under Loncor's arrangement and MI 61-101 rules; excluding required excluded votes the approval rate was 99.60%. Closing remains subject to a final Ontario Superior Court order and satisfaction or waiver of other closing conditions under the October 14, 2025 arrangement agreement.

Loncor Gold (OTCQX: LONCF) provided an update on its proposed arrangement with Chengtun Mining, whereby Chengtun would acquire all outstanding shares for Cdn$1.38 per share in cash by court-approved plan of arrangement. The company remains on track to hold a special meeting of shareholders on December 11, 2025 to vote on the Arrangement Transaction. Closing remains subject to shareholder approval and Ontario Superior Court approval and other customary closing conditions.

The company said its Adumbi drill program continues normally, with more drill results expected within the next 10 days. A recent Chinese Ministry of Foreign Affairs communique issued heightened caution for Chinese nationals in parts of eastern DRC; Loncor noted Adumbi is ~500 kilometres from those border areas and has not experienced operational issues.

Loncor Gold (OTCQX: LONC / TSX: LONCF) announced a proposed arrangement to be acquired by Chengtun Mining for C$1.38 per share in cash. A special shareholders' meeting will be held on December 11, 2025 at 11:00 a.m. (Toronto time) to vote on the Arrangement; meeting materials will be mailed and posted on SEDAR+ and EDGAR.

The consideration represents a ~48% premium to 60‑day VWAP, ~33% to 30‑day VWAP and ~16% to the Oct 10, 2025 close. The board and a Special Committee unanimously recommend the Arrangement after receiving a Stifel Nicolaus fairness opinion. Closing is targeted by end‑December 2025, subject to shareholder and court approval; shares will be delisted and reporting terminated on closing.

Loncor Gold (OTCQX: LONCF) reported multiple high-grade intersections from deep drilling at its Adumbi deposit on October 23, 2025. The deposit has a stated indicated resource of 1.88 million oz (28.185 Mt @ 2.08 g/t) and an inferred resource of 1.78 million oz (20.83 Mt @ 2.65 g/t) within a USD1,600/oz open pit shell.

Highlighted from borehole LADD031: 12.72 m @ 8.56 g/t (including 6.15 m @ 11.23 g/t), 12.10 m @ 1.67 g/t, 15.00 m @ 1.88 g/t and 3.23 m @ 5.98 g/t. True widths estimated ~70% of intersected widths. QA/QC and independent assays at SGS Mwanza were reported.

Loncor Gold (OTCQX: LONCF) agreed to be acquired by Chengtun Mining for C$1.38 per share, an all-cash transaction valuing Loncor at approximately C$261 million on a fully diluted basis.

The Consideration represents a premium of ~33% to 30-day VWAP and ~16% to the October 10, 2025 closing price. Around 38% of shares are covered by voting support agreements. The arrangement includes a C$10 million mutual termination fee, purchaser advances of US$3.0 million for exploration, and TSX, court and shareholder approvals. The transaction is expected to close by Q1 2026, after which Loncor shares are expected to be delisted and reporting to Canadian and U.S. regulators ceased.

Loncor Gold (OTCQX: LONCF) has announced the addition of a new core rig at its Adumbi deposit to accelerate its deep drilling program. The deposit currently holds 3.66 million ounces of gold resources, comprising 1.88 million ounces of indicated resources (28.185 million tonnes at 2.08 g/t Au) and 1.78 million ounces of inferred resources (20.83 million tonnes at 2.65 g/t Au).

The newly mobilized PRD Multi Star rig is track-mounted and capable of coring down to 1,500 metres, with additional reverse circulation drilling capabilities. CEO John Barker cited slower-than-expected drilling progress in 2025 as the reason for adding this third rig from a second drilling company to expedite the approximately 11,000-metre deep drilling program.

Loncor Gold (OTCQX: LONCF) has announced promising results from its deep drilling program at the Adumbi deposit, which currently holds 3.66 million ounces of gold resources. Borehole LADD030 revealed multiple significant gold intersections, including 11.43 metres grading 1.77 g/t gold, 6.61 metres grading 4.56 g/t gold, and 7.73 metres grading 2.26 g/t gold.

The drilling was conducted below the open pit shell in the northwest of the deposit, intersecting several mineralized zones at a vertical depth of 643 metres. The total true thickness of the BIF package hosting the gold mineralization was 107.80 metres, approximately 100 metres below the USD1,600 pit shell outline.

Loncor Gold (OTCQX: LONCF) has announced the formation of a Special Committee in response to an unsolicited, non-binding offer from an undisclosed party regarding a potential transaction. The committee, consisting of independent directors Kevin R. Baker K.C. (Chair), Richard J. Lachcik, and William R. Wilson, will review and evaluate the potential transaction and any alternative opportunities.

The Special Committee's mandate includes conducting an independent and objective assessment of the proposed transaction and making recommendations to the Board. The company emphasizes that there is no guarantee of entering into any transaction and will provide updates as required by securities laws.