K2 Gold Files NI 43-101 Technical Report on the Mojave Property
FEIS Milestone and $9.8M Budget Pivot K2 From Permitting Purgatory to Aggressive 2026 Drilling

The most recent news release (January 14, 2026) announces the filing of an independent NI 43-101 Technical Report for the Mojave and Cerro Gordo projects. This report, effective November 30, 2025, serves as a comprehensive summary of historical work, geology, and future exploration recommendations. Critically, it does not contain new mineral resource or reserve estimates. This filing follows the January 5, 2026, announcement of a $9.8 million exploration budget for 2026, aimed at drill-testing the Mojave Project (following the issuance of a Final Environmental Impact Statement) and the Si2 Project in Nevada.
The January 14 filing is a routine regulatory requirement following significant project updates and carries a neutral material impact. However, the cumulative impact of news over the last 60 days is transformational. The issuance of the Final Environmental Impact Statement (FEIS) on December 1, 2025, is the primary "de-risker," as it finally opens the door for drilling at the Mojave Project after years of permitting delays.
Financially, the company has transitioned from a cash-poor position (roughly $132k in late 2024) to a robust treasury of approximately $10.5 million USD. This was driven by aggressive warrant exercises (over 30 million units at $0.30) triggered by the positive permitting news. The material impact is that K2 is now fully funded for its largest-ever drill program without immediate need for further dilution.
K2 Gold is a junior explorer focused on oxide gold systems in the Western US and Yukon. - Flagship Project: Mojave Project (Inyo County, California). - Project Nature: A 5,830-hectare property with sediment-hosted oxide gold. Historical drilling by Newmont and BHP, and recent drilling by K2, has shown high-grade intervals (e.g., 6.68 g/t Au over 45.7m). - Other Projects: Si2 (Nevada - high-level epithermal), Wels (Yukon - intrusive related gold).