Mayfair Gold (NYSE American: MINE) backs board, incentive plan and outlines Fenn-Gib economics
Rhea-AI Filing Summary
Mayfair Gold Corp. reports that shareholders approved all matters at its 2026 annual general and special meeting. This includes re-electing five directors, re-appointing Davidson & Company LLP as auditor, and re-approving the 10% rolling Omnibus Incentive Plan.
The company granted stock options to officers and employees to acquire 475,000 common shares at an exercise price based on the 5-day volume weighted average trading price on and including June 25, 2026, with a five-year term expiring June 25, 2031.
Mayfair highlights its 100%-owned Fenn-Gib Project, which hosts an indicated mineral resource of 4.3 million ounces of gold (181.3Mt at 0.74 g/t) and a higher-grade 1 million ounce mineral reserve (25.1Mt at 1.29 g/t). The 2026 pre-feasibility study outlines initial development capital of C$450 million, a base-case payback of 2.7 years, and cumulative free cash flow of US$896 million over the first six years at a US$3,100/oz gold price, with construction targeted for 2028 and initial production in 2030.
Positive
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Insights
Routine governance approvals plus option grants, with reiterated Fenn-Gib project economics.
Mayfair Gold secured shareholder backing for its board, auditor, and 10% rolling Omnibus Incentive Plan, which supports ongoing equity-based compensation. The grant of options on 475,000 shares aligns management and staff incentives with long-term equity value without immediate cash outlay.
The Fenn-Gib pre-feasibility metrics remain the central long-term value driver: indicated resources of 4.3 million ounces and a higher-grade 1 million ounce reserve underpin planned development. Initial capital of C$450 million, a 2.7-year payback, and projected free cash flow of US$896 million over six years at US$3,100/oz illustrate project scale.
Execution depends on permitting, detailed engineering, and stakeholder engagement ahead of targeted construction in 2028 and first production in 2030. Future company disclosures will be important for tracking progress against these milestones and any changes to capital needs or project economics.
Key Figures
Key Terms
Omnibus Incentive Plan financial
indicated mineral resource financial
mineral reserve financial
Pre-Feasibility Study financial
free cash flow financial
non-GAAP financial measures financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 June 2026
Commission File Number: 001-43060
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Mayfair Gold Corp.
(Translation of registrant’s name into English)
489 McDougall Street
Matheson, Ontario P0K 1N0, Canada
(Address of principal executive office)
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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
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DOCUMENTS FILED AS PART OF THIS FORM 6-K
Exhibit | Description |
99.1 | News Release, dated June 25, 2026 |
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SIGNATURE
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.
Date: June 25, 2026
Mayfair Gold Corp.
By:/s/ Kevin Annett
Name:Kevin Annett
Title: Chief Financial Officer
MAYFAIR ANNOUNCES RESULTS OF 2026 ANNUAL GENERAL AND SPECIAL MEETING AND GRANT OF STOCK OPTIONS
Toronto, Ontario, June 25, 2026 – Mayfair Gold Corp. (“Mayfair”, “Mayfair Gold”, or the “Company”) (TSXV: MFG, NYSE American: MINE) is pleased to announce that Mayfair Gold shareholders approved all matters voted on at the Annual General and Special Meeting of Shareholders held on Thursday, June 25, 2026, including:
·the re-election of Darren McLean, Carson Block, Zach Allwright, Sean Pi and Christine Hsieh as directors of the Company;
·the re-appointment of Davidson & Company LLP as auditors of the Company; and
·the re-approval of the Company’s 10% rolling omnibus incentive plan (the “Omnibus Incentive Plan”).
The Company also announces the grant of stock options to certain officers and employees of the Company to acquire an aggregate of 475,000 common shares in the capital of the Company at an exercise price which shall be the 5-day volume weighted average trading price of the Company’s common shares on the TSX Venture Exchange on and including June 25, 2026 for a five-year term expiring on June 25, 2031 in accordance with the Omnibus Incentive Plan.
About Mayfair Gold
Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the “PFS”)1 is to develop the project under the provincial permitting process, targeting the higher-grade 1 million ounce mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit. The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash
1 Please refer to the technical report entitled “Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study” dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.
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flow2 of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.
The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.
Cautionary Note Regarding Forward-Looking Information
This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, “forward-looking information”). The use of the words “will” and “expected” and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, building and operating the Fenn-Gib Project and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company’s current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws.
2 Free cash flow does not have a standardized meaning and may not be comparable to similar
measures presented by other issuers, referred to as non-GAAP financial measures. As the Corporation is not in production, the Corporation does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS.
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Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please visit www.mayfairgold.ca or direct enquiries to:
Drew Anwyll, P.Eng.
CEO, Mayfair Gold Corp.
489 McDougall St
Matheson, ON P0K 1N0 Canada
+1 (855) 350-5600
info@mayfairgold.ca
LEGAL*72368331.1