Relevant Gold Secures $2.89M in Warrant Proceeds as Kinross, Bollinger, and Management Reaffirm Strategic Support

Executive Summary

• Relevant Gold Corp. raised $2.89 million through the exercise of 15.8 million outstanding common share purchase warrants.
• Cornerstone shareholders Kinross Gold Corporation and William Bollinger participated, together exercising 3,799,102 warrants at $0.35 per share; management exercised 12 million founder warrants at $0.13 per share.
• Proceeds will fund expanded airborne geophysics, geochemical sampling of recent drill core, continued exploration at South Pass and Bradley Peak, and market‑awareness activities, while substantially reducing warrant overhang to 7.79 million shares.

Key Details

• Warrant Exercise Summary
• Total warrants exercised: 15,799,102
• Management (founder) warrants: 12,000,000 @ $0.13 per share → $1.56 M gross proceeds
• Kinross & William Bollinger warrants: 3,799,102 @ $0.35 per share → $1.33 M gross proceeds

• Total cash received: $2.89 million

• Remaining Capital Structure (post‑exercise)

• Issued & outstanding common shares: 118,918,961
• Management & board options: 7,150,000
• Outstanding warrants (all $0.35 strike, expiring Q2 2026): 7,787,788

• Fully diluted share count: 133,856,749

• Use of Proceeds

• Expanded airborne geophysical surveys across the project portfolio for regional target development.
• Geochemical sampling of 2022‑2024 drill core from the Golden Buffalo and Lewiston Projects.
• Continued exploration at South Pass and Bradley Peak gold camps.

• Activities to increase market awareness of Relevant Gold’s Wyoming‑focused strategy.

• Strategic Impact

• Reduces warrant overhang, simplifying capital structure and enhancing financial flexibility.
• Strengthens working capital as the company enters a “pivotal growth phase.”
• Signals strong confidence from cornerstone investors in the company’s exploration model and district‑scale gold strategy in Wyoming.

Notable Quotes

• “This funding is a clear endorsement from both our strategic investors and leadership team in the strength of Relevant Gold's vision and our ability to execute,” – Rob Bergmann, CEO
• “The continued support from Kinross and Mr. Bollinger not only validates the scale and potential of our Wyoming portfolio but also underscores the confidence in our team's exploration model.” – Rob Bergmann, CEO