ICG Silver & Gold Reports Q1 2026 Financial Results

• ICG Silver & Gold released Q1 2026 unaudited interim financials and MD&A.
• The company reported a net loss of $1.25M, primarily driven by $725k in share-based compensation, professional/legal fees for the CSE listing and acquisition, and initial exploration costs.
• Cash position stands at $5.48M with working capital of $5.03M, fully funding the planned Phase 1 drill program starting in June 2026.
• The company finalized the acquisition of the Tuscarora & Danny Boy projects (~10,000 acres) from American Pacific Mining Corp. for 11.5M common shares.
• Secured ~$4.5M in gross proceeds via concurrent subscription receipt and non-brokered unit financings.
• Exploration milestones include completing district-scale geological modeling, expanding the drilling database to >40,000 meters, and identifying new structural targets via CSAMT surveys.

• The Q1 results are in line with expectations for a pre-revenue exploration company transitioning to public listing. The net loss is largely non-cash (share-based compensation) and one-time setup costs.
• The cash balance of $5.48M provides a comfortable runway for the Phase 1 drilling program and initial corporate overhead.
• The announcement confirms the June 2026 drill start date, which was previously communicated. There are no new surprises or material deviations from the established roadmap.
• The news is incremental and confirms execution of the previously announced financing and acquisition. It does not alter the fundamental risk/reward profile but validates the company's ability to fund its near-term exploration plans.

• ICG Silver & Gold Ltd. is a newly public, exploration-stage company focused on silver and gold.
• Flagship project: Tuscarora District in Elko County, Nevada (~10,000 acres).
• Located at the intersection of the Carlin and Independence trends, a premier gold/silver jurisdiction.
• Historical drilling database exceeds 40,000 meters across 216 holes.
• Priority targets include Battle Mountain, East Pediment, Grand Prize, Kings Vein, Modoc, and Silica.
• Exploration strategy focuses on testing an interconnected mineralized system using RC drilling, targeting both near-surface oxide and deeper structural controls.