Relevant Gold receives $2.89M from warrant exercise

Executive Summary

• Relevant Gold Corp. secured $2.89 million in cash through the exercise of 15.8 million outstanding common share purchase warrants.
• Cornerstone shareholders Kinross Gold Corp. 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, and continued exploration at the South Pass and Bradley Peak gold camps in Wyoming.

Key Details

• Total warrant proceeds: $2.89 M.
• Founder warrants exercised: 12 M warrants @ $0.13 per share (management).
• Cornerstone investor warrants exercised: 3,799,102 warrants @ $0.35 per share (Kinross Gold Corp. and William Bollinger).
• Remaining outstanding warrants: 7,787,788 warrants at an exercise price of $0.35, reducing prior overhang.
• Use of proceeds:
• Expanded airborne geophysical surveys across the project portfolio for regional target development.
• Geochemical sampling of 2022‑2024 drill core from Golden Buffalo and Lewiston projects.
• Ongoing exploration at South Pass and Bradley Peak gold camps.
• Market awareness initiatives.
• Strategic significance: The capital infusion strengthens the balance sheet, simplifies the capital structure, and provides a runway for advancing district‑scale exploration 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, Relevant Gold Corp.
“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.