Lahontan Gold Corp. has announced the acceleration of expiry for common share purchase warrants originally issued on April 30, 2025, as part of a non-brokered private placement. This decision follows the company's shares trading at or above a volume-weighted average price of C$0.12 for ten consecutive trading days ending September 4, 2025, triggering the acceleration clause in the warrant terms. The warrants must now be exercised by 5 p.m. Toronto time on October 21, 2025, or they will expire worthless. Warrant holders can exercise their rights by submitting their warrant certificate, exercise form, and payment to Irwin Lowy LLP in Toronto. This acceleration could potentially bring additional capital into the company if warrant holders choose to exercise their options before the new deadline.
The acceleration of warrant expiry comes as the company continues to advance its Santa Fe Mine project toward production. Lahontan plans to update the Santa Fe Preliminary Economic Assessment and conduct drill testing at its satellite West Santa Fe project during 2025. The technical content of the company's disclosures has been reviewed and approved by Michael Lindholm, CPG, an independent consulting geologist and Qualified Person as defined in National Instrument 43-101. The warrant acceleration represents a significant corporate action that could impact the company's capital structure and funding for its ongoing exploration and development activities in Nevada's mining district.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company focusing on gold and silver properties in Nevada's Walker Lane region. The company's flagship Santa Fe Mine project has a significant historical production record and substantial mineral resources. According to the company's technical reports available at https://www.lahontangoldcorp.com, the Santa Fe Mine contains an indicated mineral resource of 1,539,000 gold equivalent ounces and an inferred resource of 411,000 gold equivalent ounces. This acceleration event is important because it demonstrates investor confidence through sustained share price performance while creating a near-term opportunity for the company to secure additional funding through warrant exercises.
The timing of this corporate action coincides with critical development phases for Lahontan's Nevada projects. The potential capital infusion from warrant exercises could provide important financial resources as the company works to advance its Santa Fe Mine toward production and explore additional opportunities at its West Santa Fe satellite project. For investors, this acceleration creates a clear deadline for warrant holders to decide whether to convert their warrants into common shares, with the outcome potentially affecting both the company's treasury and the total number of outstanding shares. The company's focus on Nevada's mineral-rich Walker Lane region positions it in a jurisdiction with established mining infrastructure and favorable geology for precious metals exploration and development.
