Lode Gold Provides First Tranche Closing Update For Upsized $9 Million Non-Brokered Private Placement

Lode Gold Resources Inc. (TSXV: LOD) has closed the first tranche of its upsized non-brokered private placement financing, raising CAD$8,058,170. The company issued 29,845,073 units at a price of CAD$0.27 per unit, with all securities subject to a statutory hold period. The offering was oversubscribed, and the company expects to close the second and final tranche shortly.
The transaction structure involves a non-brokered private placement financing (the "Offering"), which has been upsized to a total target of CAD$9 million. The first tranche closed on July 22, 2026, following conditional approval for the expanded offering. All securities issued are subject to a statutory hold period in accordance with TSXV Policies.
Lode Gold’s portfolio includes the Fremont Gold Mine Project in California, a brownfield project with 43,000m drilled. A Preliminary Economic Assessment (PEA) was completed in 2023, reporting 1.16 Moz Indicated and 2.02 Moz Inferred resources, with a Mineral Resource Estimate (MRE) updated in 2026. The company also holds the Dingman Property in Ontario, an orogenic deposit with 22,000m drilled. A 2013 PEA indicates 376,000 oz Measured and Indicated, and 47,000 oz Inferred resources.