Canagold (OTCQB: CRCUF) targets antimony revenue at New Polaris

Rhea-AI Filing Summary

Canagold Resources Ltd. outlines a fully funded 2026 work program at its 100%-owned New Polaris gold-antimony project to advance an antimony production strategy. The plan includes about 7,000 metres of diamond drilling from June to July 2026 to expand high-grade gold-antimony resources within and near the current mine plan from the July 2025 feasibility study.

Drill core will support new metallurgical and engineering studies to optimize flowsheets for producing saleable antimony metal. Because most mining and processing costs are already captured in the gold-focused plan, adding antimony is expected to provide meaningful incremental revenue with limited extra capital or operating costs, potentially improving project cash flow, margins, and after-tax returns.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission File Number: 000-18860

CANAGOLD RESOURCES LTD.
(Translation of registrant's name into English)

#1250 - 625 Howe Street, Vancouver, British Columbia, Canada, V6C 2T6

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

SUBMITTED HEREWITH

Exhibits

Exhibit 99.1  Press Release dated February 25, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CANAGOLD RESOURCES LTD.
	(Registrant)
Date: February 25, 2026	By:	/s/ Catalin Kilofliski
		Catalin Kilofliski
	Title:	Chief Executive Officer

Canagold Accelerates Antimony Production Strategy with Additional Drilling and Technical Studies

Vancouver, B.C. - February 25, 2026 - Canagold Resources Ltd. (TSX: CCM, OTCQB: CRCUF, Frankfurt: CANA) (the "Company" or "Canagold") is pleased to announce plans for a comprehensive 2026 work program at its 100%-owned New Polaris project ("New Polaris" or "project"), focused on expanding gold-antimony resources and advancing technical studies to evaluate the financial benefits of incorporating antimony production into the project development plans and economics.

The fully funded program, will include approximately 7,000 metres of diamond drilling, scheduled to commence in June and continue through July 2026. The drilling will target expansion of the high-grade gold-antimony mineralization within and adjacent to the current mine plan outlined in the feasibility study completed in July 2025. The objective is to further define and potentially increase the gold-antimony resource base in areas expected to have a direct and positive impact on early production and overall project economics.

In parallel, the Company will undertake additional metallurgical test work and preliminary engineering studies to optimize the flotation and refining process flowsheet for the production of saleable antimony metal. Drill core from the 2026 program will provide fresh material for detailed metallurgical characterization, recovery optimization, and product specification testing.

Importantly, the majority of mining, crushing, grinding, and processing costs associated with antimony recovery are already incorporated within the existing gold-focused mine plan. As a result, the addition of a saleable antimony product is expected to represent a meaningful incremental revenue stream with limited additional capital or operating cost requirements.

Engineering and financial studies planned for 2026 will quantify the potential impact of antimony revenue on overall project cash flow, operating margins, and after-tax returns.

Upon completion of the drilling and metallurgical programs, the Company expects to have sufficient technical and economic data to support the inclusion of antimony production and revenue into the current project economics.

The Company believes that integrating antimony production, enhances the strategic and economic profile of New Polaris, particularly in light of growing global demand for secure and diversified critical mineral supply.

Further updates will be provided as the 2026 work program advances.

Qualified Persons

In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Garry Biles, P.Eng, President & COO is the Qualified Person for the Company and has prepared, validated, and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting activities on its projects.

About Canagold

Canagold Resources Ltd. is an advanced development company dedicated to advancing the New Polaris Project through feasibility, permitting, and production stages. Additionally, Canagold aims to expand its asset base by acquiring advanced projects, positioning itself as a leading project developer. With a team of technical experts, the Company is poised to unlock substantial value for its shareholders.

"Catalin Kilofliski"

Catalin Kilofliski

Chief Executive Officer

For further information, please contact:

Catalin Kilofliski, Chief Executive Officer

CANAGOLD RESOURCES LTD

Catalin@canagoldresources.com

Tel: (604)-685-9700

Website: www.canagoldresources.com

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the use of proceeds of the Offering, future performance of Canagold, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

FAQ

What is Canagold Resources (CRCUF) planning for the New Polaris project in 2026?

Canagold is planning a fully funded 2026 work program at New Polaris. It includes drilling and technical studies aimed at integrating antimony production into the project and evaluating its impact on overall economics and returns.

How much drilling will Canagold Resources (CRCUF) complete at New Polaris in 2026?

The company plans approximately 7,000 metres of diamond drilling in 2026. This drilling, scheduled for June through July, targets expansion of high-grade gold-antimony mineralization within and adjacent to the existing mine plan areas.

Why is antimony important to Canagold Resources’ New Polaris strategy?

Antimony could become a significant additional revenue source for New Polaris. Most mining and processing costs are already covered by the gold plan, so antimony output is expected to add incremental revenue with limited extra capital or operating expenses.

What technical studies will Canagold (CRCUF) conduct to support antimony production?

Canagold will perform metallurgical test work and preliminary engineering studies in 2026. These focus on optimizing flotation and refining flowsheets, characterizing drill core, improving recoveries, and defining saleable antimony product specifications for potential inclusion in project economics.

How could antimony production affect New Polaris project economics for Canagold?

Engineering and financial studies in 2026 will quantify antimony’s impact on project cash flow, operating margins, and after-tax returns. The goal is to integrate antimony revenue into the existing economic model after drilling and metallurgical programs are completed.

What stage of development is Canagold Resources (CRCUF) and its New Polaris project?

Canagold describes itself as an advanced development company. New Polaris is being advanced through feasibility, permitting, and toward production, with 2026 work focused on enhancing its strategic and economic profile through potential antimony production.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 8.9 KB