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Financings

Lahontan receives $4.31M from warrant, option exercises

By The Northwire Desk — AI Analysis Oct 27, 2025 · 16:22 LG · 0.148 Lahontan Gold Corp.
LG · Price

Executive Summary

  • Lahontan Gold Corp. received $4,316,948 from the exercise of warrants and stock options between July 4 and October 23, 2025.
  • Following these exercises and the issuance of shares for the purchase of York unpatented mining claims, the company's total common shares issued and outstanding increased to 334,420,221.
  • The capital raised will be utilized for exploration and mine development at the Santa Fe mine project in Nevada's Walker Lane gold belt, as well as for general corporate purposes.

Key Details

  • Total Proceeds: $4,316,948 received from the exercise of warrants and stock options.
  • Exercise Period: July 4 through October 23, 2025.
  • Post-Exercise Share Count: 334,420,221 common shares issued and outstanding.
  • Use of Proceeds: Exploration and mine development work at projects in Nevada's Walker Lane gold belt (specifically Santa Fe and West Santa Fe) and general corporate purposes.
  • Operational Context: The funds fully finance planned fall drilling programs at both the Santa Fe and West Santa Fe projects, expected to commence shortly.
  • Related Transaction: The release references the issuance of shares associated with the purchase of York unpatented mining claims at the Santa Fe mine project (referenced in a press release dated Oct. 23, 2025).

Notable Quotes

  • Kimberly Ann, Chair, CEO, President, and Founder: "The exercise of such a significant number of warrants and options over the last four months is evidence of incredible shareholder support for the company's vision and business plan to continue advancing the Santa Fe mine project towards production. The receipt of these funds leaves the company fully financed for the planned fall drilling programs at both Santa Fe and West Santa Fe, which we expect to commence shortly. The exercise of these warrants and options also tightens the company's share structure, positioning Lahontan for future growth and value creation".
Read the original news release →

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