Relevant Gold Recaps Successful 2025 Exploration Season and Positions for Data-Driven 2026 in Wyoming

The news release dated December 23, 2025, serves as a comprehensive wrap-up of the company’s 2025 exploration season and financial positioning. Key highlights include the completion of the first-ever drill program at the Apex target (Bradley Peak), which consisted of 5,102 meters across 12 holes. The company confirmed that geological observations support an "Abitibi-style" orogenic gold model, although laboratory assays remain pending. Financed by an upsized $8.5 million private placement and an additional $2.89 million from warrant exercises, the company enters 2026 with a fortified balance sheet and two strategic 19.9% shareholders: Kinross Gold and William Bollinger.

The impact is Routine - Positive. While the company successfully transitioned from a "concept" to an "execution" story in 2025, the news does not contain new technical data (assays). Its value lies in confirming that management met its stated objectives for the year: - Execution of Drilling: Successfully completed the 5,000m program at Apex as promised in June 2025. - Strategic Alignment: Solidified the 19.9% stakes for Kinross and Bollinger, which provides significant technical and financial backing that most juniors lack. - Financial De-risking: The exercise of $2.89 million in warrants in October provides the necessary "dry powder" for the 2026 program without immediately returning to the equity markets. - Grant Funding: The $226,533 Wyoming state grant reduces the cost of geophysical overhead.

Relevant Gold is focused on "belt-scale" exploration in Wyoming, USA, specifically targeting Archean orogenic gold systems. - Flagship Project: Bradley Peak / South Pass Gold Camp. - Thesis: Wyoming represents a "hidden" extension of the Abitibi Greenstone Belt (Canada), which has historically produced over 200M ounces of gold. - Stage: Early-to-mid-stage exploration.