Newsfile Corp
14 Jul 2026, 03:01 UTC · 2h ago
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Lode Gold Resources is conducting a non-brokered financing for up to $7 million through the issuance of units at $0.27. — While financing provides necessary capital for operations, it introduces immediate share dilution for existing stockholders.
+0.40Major insider shareholder Coast Capital LLC will increase its holding to approximately 19.9% post-offering. — Increased ownership by a leading natural resources investment firm signals strong institutional confidence in the company's assets.
+0.30The company will use proceeds to fund a drill program and technical studies in support of a Preliminary Feasibility Study (PFS) at the Fremont Gold Mine. — Advancing toward a PFS is a critical step in the mine development lifecycle that can lead to resource upgrades and project derisking.
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The company is raising up to $7 million in financing to advance technical work and a Preliminary Feasibility Study for the Fremont Gold Mine.
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