Correction: Stuve Gold Corp. Announces Closing of Las Animas Property Acquisition

The most recent news (March 27, 2026) confirms the closing of the Las Animas property acquisition in Chile. Stuve Gold issued 3,333,333 shares at a deemed price of $0.24 to Minera Auberon SpA to acquire 3,100 hectares in the IOCG (Iron Oxide Copper Gold) belt. This follows the March 26, 2026, announcement of a successful $3.0 million private placement at $0.24 per unit. Each unit included a half-warrant exercisable at $0.38. The proceeds are earmarked for exploration at Las Animas and existing properties, as well as debt repayment.

The impact is Routine - Positive. While the acquisition and $3M raise are transformative for a company that had a "going concern" risk (reporting negative cash of -$122 in Dec 2024), the closing of these deals was expected following the February 11, 2026, announcement. - Financial Stabilization: The $3M raise is massive relative to the company's previous $570k raise in January. It provides the first real exploration budget the company has had in years. - Asset Quality: The Las Animas property is strategically located near the Manto Verde mine. VP Exploration Terence Walker notes significant old surface workings and high-grade copper/gold samples, suggesting this is a "brownfield" rather than "greenfield" opportunity. - Dilution: The share count has increased significantly. Between the acquisition shares and the private placement, approximately 15.8 million new shares have been issued, nearly doubling the post-consolidation share count.

Stuve Gold Corp. is a Canadian-listed explorer focused on Chile. - Flagship Project: Las Animas (3,100 hectares). - Location: Chile’s IOCG belt, near the Manto Verde open-pit copper mine. - Secondary Assets: Teresa/Coba SW, Roma, Santa Gracia, and El Bosque (totaling ~29,000 hectares). - Status: Transitioning from a distressed junior with high debt to an active explorer.