Lode Gold Submit Documents to Discharge Senior Secured Debt and Advances Fremont Gold Mine into Next Phase of Growth

Lode Gold Resources Inc. has submitted all necessary documents to discharge its senior secured debt obligations to Romspen Investment Corporation. The submission formally releases the Fremont Gold Mine from security encumbrances, leaving the company with zero outstanding loan obligations.

Management intends to redirect financial and technical resources toward advancing the Fremont Gold Mine through technical development, resource expansion, and the creation of a preliminary mine plan over the next six months. The release reiterates key project metrics, including 100% owned patented land in California, Opportunity Zone designation, and a 2026 Mineral Resource Estimate of 1.16 moz Indicated and 2.02 moz Inferred. It also notes the company's secondary asset, the Dingman Property in Ontario, and confirms the Qualified Person for the technical data.

Lode Gold Resources Inc. (LOD) issued a direct administrative follow-up to its July 2026 $9.72M private placement and the August 2026 early debt repayment, confirming the successful execution of the company's financial turnaround plan. While unencumbering the flagship asset is fundamentally positive, the move was fully anticipated by the market following the July financing. The debt discharge does not introduce new upside, change the project economics, or alter the development timeline.

The release represents routine corporate housekeeping. It removes a key operational overhang but does not constitute a market-moving catalyst. The stock's reaction should be muted unless accompanied by new drilling results or a strategic partnership announcement.

Lode Gold Resources Inc. is a gold exploration and development company focused on the Fremont Gold Mine in Mariposa County, California. The flagship project is a brownfield mine that was halted in 1942 due to World War II gold mining prohibitions. The company controls more than 3,000 acres of 100% privately owned, patented land designated as a federal Opportunity Zone.

Historical production between 1859 and 1942 totaled 125,000 ounces extracted at an average grade of 10.7 grams per tonne. The company notes that 89% of these historical ounces were left unmined. A 2026 Mineral Resource Estimate (MRE) identified 1.16 million ounces at 1.90 grams per tonne gold in the Indicated category and 2.02 million ounces at 2.22 grams per tonne gold in the Inferred category.

Strategically, the company is transitioning from previous open-pit concepts to a 100% underground bulk mining scenario. Lode Gold Resources targets completion of a Preliminary Feasibility Study (PFS) by Spring 2027, followed by a pilot plant and test mining phase in 2028. The company also holds the Dingman Property in Ontario, Canada, which contains 376,000 ounces of Measured and Indicated resources and 47,000 ounces of Inferred resources. This secondary asset is currently under evaluation for strategic options.