Radisson Appoints Vice President, Operations and Advances Underground Exploration Program at O'Brien
Radisson advances underground ramp development at O'Brien, appointing a new vice president to oversee operations.
Radisson Mining Resources Inc. has appointed M. Simon Gélinas as Vice President, Operations, effective November 2, 2026. In this role, Gélinas will oversee the Advanced Underground Exploration Program at the company’s 100%-owned O'Brien Gold Project in Quebec. The initiative aims to develop a ramp and infrastructure reaching a vertical depth of 300 meters, with objectives including the assessment of geological continuity, ground conditions, geo-metallurgical domaining, and potential mining methodologies.
Surface infrastructure development will include the construction of stockpiles, electrical distribution systems, water management facilities, and a water treatment plant. Preliminary engineering and design work has commenced, with permitting expected during 2027 and community sessions scheduled for December 2026. Funding for the program will be sourced from existing treasury, anticipated tax recoveries, and proceeds from gold recovered during the development phase. This underground exploration effort will run in parallel with the company’s ongoing 140,000-metre step-out exploration drill program.
In conjunction with the appointment, the company issued stock-based compensation grants to Gélinas, consisting of 800,000 stock options at a $0.90 exercise price and 200,000 restricted stock units (RSUs). Additionally, a correction was made to a prior consultant option vesting schedule.
The company also reported the exercise of 5,430,431 share purchase warrants issued in October 2024 at an exercise price of $0.37, generating approximately $2.01 million in proceeds. As a result of these exercises, common shares outstanding increased to 514,568,162. There remain 26,710,000 warrants outstanding, all of which are held by Agnico Eagle Mines Limited.
Radisson Mining Resources Inc. (RDS) has appointed a vice president with hands-on underground mining experience and commenced its ramp development program. These moves follow a strategic investment and extensive step-out drilling, marking expected operational milestones for the company. The underground program is explicitly designed to derisk the project for future mine planning, aligning with the company's stated development roadmap and the capital provided by Agnico Eagle.
Additionally, the company exercised warrants, adding a minor cash infusion and reducing potential future dilution, while standard stock-based compensation grants were issued for executive retention. This news represents the routine execution of a previously announced strategy rather than a surprise development. Market expectations for project advancement and team expansion were already priced in following the Agnico Eagle financing and consistent high-grade drill results.
Radisson Mining Resources Inc. (RDS) is a gold exploration and development company focused on the O'Brien Gold Project in the Abitibi region of Quebec. The project features a high-grade, deep vein system with a 140,000-metre step-out drill program targeting depths up to 2.5 kilometres.
An updated Mineral Resource Estimate effective January 31, 2026, reports 0.63 million ounces of Indicated resources at 5.59 g/t Au and 1.69 million ounces of Inferred resources at 5.08 g/t Au. A 2025 Preliminary Economic Assessment highlighted an 11-year mine life, low capital intensity, and strong economics using off-site processing via IAMGOLD's Doyon mill. Metallurgical testing demonstrated 86% to 96% gold recovery compatibility with the Doyon mill.