Spanish Mtn Gold Stock Price, News & Analysis

SPAZF was the U.S. OTC trading symbol for Spanish Mountain Gold Ltd., a mineral exploration and development company in the gold ore mining industry. According to multiple company news releases, Spanish Mountain Gold is focused on advancing its 100%-owned Spanish Mountain Gold Project in the Cariboo Gold Corridor, British Columbia, Canada. The company describes its strategy as advancing this project toward construction of the next gold mine in the Cariboo Gold Corridor.

Based on the company’s own disclosures, Spanish Mountain Gold’s work at the Spanish Mountain Gold Project includes geological modelling, exploration drilling, and technical studies. The project area has been the subject of a Prefeasibility Study (PFS) and Mineral Resource Estimate documented in an NI 43-101 Technical Report referenced in several news releases. The company reports that it is conducting an integrated Whittle Enterprise Optimization to evaluate potential improvements in mine design, scale, and project configuration, as well as to understand high-grade geologic controls and associated drill targets that could upgrade and expand the gold resource.

Spanish Mountain Gold states that it is working to optimize and derisk the project through activities such as:

• Reworking and reinterpreting historical geological information, including extensive core relogging and structural geology assessments.
• Executing multi-phase diamond drill programs to test mineralization extensions within and near the 2021 pit-constrained resource and along the broader deposit.
• Developing and refining geological models for zones such as the Slipper Zone, K Zone, and the Phoenix Target, as well as additional argillite horizons.
• Evaluating metallurgical options, including coarse ore flotation and ore sorting amenability, for potential impacts on processing flowsheets, tailings, water management, and overall project configuration.

In its news releases, the company emphasizes a focus on optimization, scale assessment, and sustainability. It notes that Whittle optimization work is intended to help determine potential operating scales and to assess ways to minimize the project’s carbon footprint over the proposed mine life. Spanish Mountain Gold has also reported collaboration with external engineering and technology groups to assess power scenarios for comminution circuits and to evaluate integrated tailings, water, and waste management concepts.

The company repeatedly highlights a goal of building what it calls the “greenest” gold mine in Canada, and refers to its “Relentless Pursuit for Better Gold” as a guiding theme. In its own description, this includes seeking project configurations that may reduce carbon intensity, use clean power sources where available, and support environmental and social objectives. Spanish Mountain Gold’s disclosures also reference initiatives such as the use of renewable diesel during a drill program, an upcycling project for sample crates, and engagement with local and regional workers and contractors.

Exploration news releases describe multiple drill programs at the Spanish Mountain Gold Project. The company reports that its 2024 diamond drill program consisted of NQ-sized diamond drill holes totaling several thousand metres, positioned along the northwestern edge of the deposit and within or near the 2021 pit-constrained resource. Results disclosed by the company include:

• Broad intervals of gold mineralization, some near surface and some at depth, in holes such as 24-DH-1267, 24-DH-1268, and 24-DH-1269.
• Mineralization associated with lithological contacts (for example, between argillite and greywacke), cataclastic argillite units, and quartz veining.
• Mineralization related to structural features, including north–south oriented faults referred to as Fault 1 and Fault 2, which the company interprets as important controls on gold distribution.
• Extensions of mineralization in zones such as the Slipper Zone and K Zone, and indications that some mineralized units remain open at depth and along strike.

Spanish Mountain Gold also reports that it is advancing a new Mineral Resource Estimate (New MRE) and a new Preliminary Economic Assessment (New PEA) that will incorporate data from recent drilling, updated geological models, and optimization work. The company has engaged technical consultants, including Equity Exploration Consultants Ltd., Apex Geoscience Ltd., BGC Engineering, and Ausenco, for various aspects of geological modelling, resource estimation, engineering, and NI 43-101 reporting, as disclosed in its news releases.

From a capital markets perspective, Spanish Mountain Gold’s common shares trade on the TSX Venture Exchange under the symbol “SPA” and on the Frankfurt Stock Exchange under “S3Y”, according to the company’s news releases. In the United States, the company’s shares were quoted on the OTCQB Venture Market under the symbol SPAZF. A Business Wire release dated February 21, 2025, states that the U.S. OTCQB symbol has been changed from “SPAZF” to “SPAUF”, and that the common shares previously listed under SPAZF would begin trading under SPAUF effective that date. This means SPAZF represents the historical U.S. symbol for Spanish Mountain Gold, while SPAUF is the updated OTCQB symbol.

Company disclosures also reference financing and investor relations activities. For example, Spanish Mountain Gold has announced a brokered private placement intended to fund working capital, a new Preliminary Economic Assessment, and additional exploration drilling at the Spanish Mountain Gold Project. It has also reported engagements with service providers such as Red Cloud Financial Services Inc., Red Cloud Securities Inc., and Proactive Investors North America Inc. for media, marketing, capital markets support, and communications.

Across its public statements, Spanish Mountain Gold emphasizes several recurring themes: advancing a single, 100%-owned gold project in British Columbia; refining geological and structural models to understand high-grade controls; using technical optimization to evaluate potential project configurations; and integrating environmental, social, and governance considerations into project planning. All of these elements form the context for investors researching the historical SPAZF symbol and the company it represents.

SPAZF ticker history and status

According to the February 21, 2025 news release, Spanish Mountain Gold changed its U.S. OTCQB trading symbol from SPAZF to SPAUF. The release states that common shares previously listed under SPAZF would begin trading under SPAUF on the OTCQB Venture Market effective that day. This indicates that SPAZF is a former symbol and that investors seeking current U.S. OTC trading information for Spanish Mountain Gold should look for the SPAUF symbol.

Business focus and technical work

Spanish Mountain Gold’s news releases describe an ongoing program of technical work at the Spanish Mountain Gold Project, including:

• Exploration drilling campaigns (for example, the 2024 and 2025 programs) targeting extensions of mineralization within and beyond the existing pit-constrained resource.
• Development of new three-dimensional geological and structural models, including re-logging of historical core and geochemical analysis of historical data.
• Whittle optimization studies to assess pit selection, strip ratio, operating scale, and potential carbon intensity over the proposed mine life.
• Metallurgical testing, including coarse ore flotation and ore sorting studies, and integrated evaluation of tailings, water, and waste management concepts.
• Assessment of power requirements and options for mine electrification and larger processing scales in collaboration with external technology and power providers.

The company’s disclosures link these activities to its stated objective of proposing a business case for the Spanish Mountain Gold Project that it describes as sustainable, permittable, and executable, while also aiming to reduce environmental and geotechnical risks relative to earlier project configurations.

Community, Indigenous, and sustainability themes

Spanish Mountain Gold’s “About” sections in multiple releases state that the company is striving to be a leader in community and Indigenous relations and to build what it calls the “greenest” gold mine in Canada. The company cites examples such as partnerships with First Nations-affiliated contractors for drilling and environmental work, the use of renewable diesel in a drill program, and initiatives that combine cost savings with environmental and local employment benefits. These statements reflect how the company characterizes its approach to social and environmental aspects of project development.

FAQs about Spanish Mountain Gold and SPAZF

• What company did the SPAZF ticker represent?
  The SPAZF ticker represented Spanish Mountain Gold Ltd. on the U.S. OTCQB Venture Market. Company news releases identify Spanish Mountain Gold as a mineral exploration and development company focused on the Spanish Mountain Gold Project in the Cariboo Gold Corridor, British Columbia.
• What is Spanish Mountain Gold’s main project?
  According to its news releases, Spanish Mountain Gold’s main asset is its 100%-owned Spanish Mountain Gold Project, located in the Cariboo Gold Corridor in British Columbia, Canada. The company states that it is advancing this project toward a potential construction decision.
• What happened to the SPAZF symbol?
  A Business Wire release dated February 21, 2025, states that Spanish Mountain Gold changed its U.S. OTCQB trading symbol from SPAZF to SPAUF, and that shares previously listed under SPAZF would begin trading under SPAUF effective that date. This makes SPAZF a historical symbol for the company.
• On which exchanges does Spanish Mountain Gold trade?
  Company news releases report that Spanish Mountain Gold’s shares trade on the TSX Venture Exchange under “SPA”, on the Frankfurt Stock Exchange under “S3Y”, and on the OTCQB Venture Market in the United States, where the symbol changed from SPAZF to SPAUF.
• What type of work is being done at the Spanish Mountain Gold Project?
  Spanish Mountain Gold reports conducting exploration drilling, geological and structural modelling, metallurgical testing, Whittle optimization, and engineering studies. These efforts are described as supporting a new Mineral Resource Estimate and Preliminary Economic Assessment, and as evaluating potential improvements in mine design, scale, and sustainability.
• How does Spanish Mountain Gold describe its approach to sustainability?
  In its own statements, the company emphasizes reducing carbon intensity, assessing electrification options, using renewable fuels in field programs, and integrating tailings, water, and waste management into project design. It also highlights collaboration with local and regional workers and First Nations-affiliated partners.
• Is SPAZF still an active trading symbol?
  The February 21, 2025 news release indicates that SPAZF was replaced by SPAUF as the company’s U.S. OTCQB symbol, with trading under SPAUF effective as of that date. This suggests that SPAZF should be treated as a former symbol when researching historical trading and news.
• Where can investors find technical information about the project?
  Spanish Mountain Gold’s news releases state that technical reports such as the Prefeasibility Study and Mineral Resource Estimate, as well as updates related to the New MRE and New PEA, are filed under the company’s profile on the Canadian regulatory platform SEDAR+ and referenced on the company’s own channels.