Scorpio Gold Corp. (SGLD) reported assay results from eight holes in its Phase Two diamond drilling program at the Manhattan District in Nevada. At the Goldwedge target, hole 26MN-124 returned 2.94 grams per tonne gold over 36.42 meters from 169.62 meters downhole, including 19.33 g/t over 4.27 meters.
The company has drilled 122 Phase Two holes totaling 35,844 meters. Assays have been reported for 115 holes totaling 33,379 meters, while assays from seven holes totaling 2,465 meters were pending. The reported intervals are not mineral reserves and have not demonstrated economic viability. A sonic drill program to provide an initial test of grade and tonnage at the historic heap leach, tailings pond and low-grade stockpile was scheduled to start before the end of the month.
Scorpio Gold Corp. (SGLD) is launching a two-phase sonic drilling and metallurgical test program at its 100%-owned Manhattan District Project in Nevada to evaluate surface material in historic waste dumps, tailings, heap leach pads and low-grade stockpiles as a potential near-term development opportunity. The company has engaged SLR International Corporation to design and execute the work, targeting data on grade, recovery characteristics, deleterious elements and material handling properties that regional toll milling operators would require.
Phase 1 plans approximately 35 vertical sonic drill holes, with continuous core from unconsolidated material and sampling at 0.5–1.0 metre intervals, followed by head characterization for gold, silver, sulfur and cyanide amenability. If results indicate potential economic value and spacing is sufficient, Phase 2 would see SLR prepare a Mineral Resource Estimate for the surface material, incremental to the existing Maiden MRE of 18,343,000 tonnes at 1.26 g/t gold (740,000 oz inferred). Management highlights that historical Manhattan production and less favourable past gold prices and technologies underpin the rationale for reassessing this material, and notes that the program is intended to test whether surface material could support future toll milling and provide a source of non-dilutive cash flow, subject to successful results and necessary financing, permits and third-party arrangements.
Scorpio Gold Corp (SRCRF) reports that a trading halt imposed on September 2, 2026 in its securities was applied in error. The company states that it has requested that trading in its common shares and American Depositary Shares resume.
Scorpio Gold holds a 100% interest in the approximately 4,780-hectare Manhattan District in Nevada’s Walker Lane Trend, including the advanced exploration-stage Goldwedge Mine and four past-producing pits acquired in 2021. The company highlights over 140,000 metres of historical drilling, as well as existing permitting and water rights at this consolidated district.
Scorpio Gold Corp. (SRCRF) reports additional Phase Two diamond drilling results from the Manhattan District Project in Nevada, highlighting strong gold mineralization at the Goldwedge and Zanzibar Trend targets. Four holes (26MN-113, 26MN-115, 26MN-116, 26MN-118) are reported from a program totaling 114 holes and 32,585 m drilled, with assays received for 107 holes and 7 holes pending.
Key intercepts include 3.02 g/t gold over 48.92 m from 118.87 m in hole 26MN-115, including 19.29 g/t over 5.24 m and 5.14 g/t over 10.15 m, and in hole 26MN-118, 1.19 g/t over 99.94 m from 98.61 m, including higher-grade sub-intervals. Hole 26MN-116 on the Zanzibar Trend returned multiple mineralized intervals up to 0.93 g/t over 22.16 m, while first-pass drilling at the Moriah target did not encounter significant gold.
The company reiterates its Maiden mineral resource at Manhattan of 18,343,000 tonnes at 1.26 g/t gold (740,000 oz inferred) and notes a separate Historical resource of 1,652,325 tonnes at 5.89 g/t gold (303,949 oz), which is not treated as current under NI 43-101. Scientific and technical information has been reviewed and approved by Qualified Person Leo Hathaway, P.Geo.
Scorpio Gold Corp (SRCRF) reports that its American Depositary Shares began trading on the NASDAQ Capital Market under the ticker “SGLD” effective at the opening on September 1, 2026. Each ADS represents 20 common shares, and this NASDAQ listing is complementary to existing listings in Canada, the U.S. OTC market and Frankfurt.
The ADS program is administered by The Bank of New York Mellon, which issues and cancels ADSs based on instructions from market participants. Shareholders may optionally convert common shares into ADSs or cancel ADSs to receive common shares. ADS issuance fees are waived through November 25, 2026, after which a fee of US$5.00 per 100 ADSs applies. Scorpio Gold also highlights its 100% interest in the ~4,780-hectare Manhattan District in Nevada, an advanced exploration-stage gold project with over 140,000 metres of historical drilling.
Scorpio Gold Corp (SRCRF) filed interim IFRS financials for the six months ended June 30, 2026, showing no revenue and a net loss of $3.1 million versus $2.4 million a year earlier. The higher loss mainly reflects a large jump in share-based compensation to $1.9 million and increased general and administrative expenses.
Cash and equivalents fell to $2.6 million from $8.3 million at December 31, 2025, and working capital declined to $1.4 million. Management states these funds will not finance currently planned operations for the next 12 months and discloses material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern.
The company continued to focus on the Goldwedge/Manhattan projects, capitalizing $8.4 million of exploration spending and increasing mineral properties to $18.0 million. After period-end, on July 23, 2026, Scorpio Gold closed a public offering of 43.2 million shares at C$0.25 for gross proceeds of C$10.8 million, plus 2.45 million broker warrants, strengthening liquidity.
Scorpio Gold Corp (SRCRF) has entered into a detailed Deposit Agreement dated August 7, 2026 with The Bank of New York Mellon to establish an American Depositary Share (ADS) program. Each ADS represents a specified number of the company’s common shares held by a Canadian custodian and administered in New York.
The agreement defines how shares are deposited and converted into ADSs, how ADSs are transferred, split or cancelled, and how holders can surrender ADSs to withdraw underlying shares. It sets out treatment of cash and non‑cash distributions, voting of deposited shares, corporate actions such as redemptions and reorganizations, and foreign‑currency conversion. It also specifies fees per ADS transaction, limits deposits of restricted securities, restricts primary public offering of ADSs to the United States, and lists “Termination Option Events” including insolvency or delisting that can lead to termination of the ADS program.
Scorpio Gold Corp (SRCRF) reports that its American Depositary Shares (ADSs) have been approved for listing on the NASDAQ Capital Market and are expected to begin trading under the symbol “SGLD” on September 1, 2026, with The Bank of New York Mellon acting as depositary. Each ADS represents 20 common shares. The company’s common shares will continue to trade on the TSX Venture Exchange, where the trading symbol is also expected to change to “SGLD” on the same date, unifying the ticker across both markets while leaving share capital and the existing capital structure unchanged.
Scorpio Gold expects the NASDAQ listing to broaden access to U.S. institutional and retail investors, enhance trading liquidity and increase visibility. Separately, the company extended its agreement with Investor Insights Systems Inc. for a three‑month digital marketing campaign starting September 1, 2026, for a cash fee of US$100,000. Scorpio Gold continues to hold a 100% interest in its ~4,780‑hectare Manhattan District in Nevada, described as an advanced, late‑stage exploration opportunity supported by over 140,000 metres of historical drilling.
Scorpio Gold Corp. reports new Phase Two diamond drill results from the Manhattan District Project in Nevada, including step-out holes at the Goldwedge, Gap Zone and Zanzibar Trend target areas. Hole 26MN-109 at Goldwedge intersected multiple mineralized intervals, highlighted by 3.38 g/t gold over 33.31 metres from 138.90 metres, including 6.90 g/t gold over 12.89 metres, and additional intervals such as 9.46 g/t gold over 8.72 metres from 126.00 metres and 2.83 g/t gold over 11.89 metres from 97.08 metres.
The Phase Two program has completed 109 drill holes totaling 31,391 metres, with assays reported for 103 holes totaling 29,156 metres and 6 holes totaling 2,236 metres pending. All 2026 drilling tested within and beyond the Inferred Resource Constraining Pit, targeting mineralization outside the 2025 mineral resource block model. At Manhattan, a maiden mineral resource estimate covers Goldwedge and Manhattan Pit with 18,343,000 tonnes grading 1.26 g/t gold for 740,000 oz contained gold in the inferred category, while a separate historical estimate outlines 1,652,325 tonnes grading 5.89 g/t gold for 303,949 oz across additional areas, which the company does not treat as current.
Scorpio Gold Corp, a British Columbia corporation, filed a new notice of an exempt offering of securities in the United States under Rule 506(b) of Regulation D. The company is offering equity securities and reports a total amount sold of $35,505 USD, with $0 USD remaining to be sold.
The amount was calculated using a Bank of Canada exchange rate of CAD$1.00:USD$0.7101 as of July 23, 2026. The first sale occurred on July 23, 2026. No finders’ fees are reported, with finders’ fees disclosed as $0 USD. The issuer declined to disclose its revenue or net asset size.