TomaGold Receives $1,000,000 Cash Payment

On December 19, 2025, TomaGold confirmed the receipt of a final $1,000,000 cash payment from IAMGOLD Corporation. This payment stems from the previously announced disposition of the Hazeur and Monster Lake properties. In addition to the cash, TomaGold retains a 2.0% Net Smelter Return (NSR) royalty on these properties, with IAMGOLD holding a right to buy back 1.0% for an additional $1,000,000.

This news is materially positive for TomaGold’s immediate survival but must be viewed through a lens of extreme caution. - Liquidity Infusion: As of the May 31, 2025, financial statements, the company had a measly $18,033 in cash and a working capital deficit of over $800,000. This $1M payment, combined with the recently closed $1M private placement (Dec 17), effectively repairs a broken balance sheet in the short term. - Offsetting Losses: The company recently disclosed a "sophisticated financial fraud" loss of US$300,000 (~CAD$410,000). This $1M payment effectively recovers that lost capital plus a surplus for exploration. - Non-Dilutive: Crucially, this funding does not require issuing more shares at the current depressed prices ($0.04 - $0.05 range). - Project Scalability: Management claims this will allow for scaling the Chibougamau projects in 2026. However, the company has a history of amending option agreements (SOQUEM, Globex, CIM) to delay work commitments, suggesting they have been struggling to meet financial obligations.

TomaGold is focused on the Chibougamau mining camp in Quebec. - Flagship Project: Obalski (100% owned). It is a former producer with significant historical data. - Strategy: The company is attempting a "camp-scale" consolidation by optioning 20+ properties from SOQUEM, CIM, and Globex. - Geological Thesis: Targeting north-south structures (020-030 trend) which management believes were overlooked by historical miners who focused on the 110-degree shear systems.