Unigold Receives Exploration Work Permit for Neita Sur and $8.9 Million from Exercise of Warrants

The most recent news (April 1, 2026) announces two major milestones: the receipt of a drilling permit for the Neita Sur concession and the receipt of $8.97 million from the exercise of 29.88 million warrants. This follows a period of restricted activity since late 2021. Additionally, the company released high-grade 2021 step-out drill results (16.0m @ 10.78 g/t Au) that were previously held back, extending the known sulphide mineralization by approximately 1 km to the west.

The impact is Material - Positive. - Financial De-risking: The $8.97M cash injection is transformative. As of Sept 30, 2025, the company had only $905k in cash and was relying on small $140k–$150k private placements to survive. This capital provides a multi-year runway for exploration and development. - Operational Restart: The exploration permit for Neita Sur ends a multi-year hiatus. The ability to follow up on high-grade sulphide intercepts (10.78 g/t Au) suggests significant resource expansion potential beyond the existing oxide project. - Validation: The exercise of nearly 30 million warrants at $0.30 (a significant premium to 2025 financing prices of $0.08–$0.18) indicates strong institutional or strategic support, likely tied to the permitting breakthrough.

Unigold is focused on the Neita Concession in the Dominican Republic. - Flagship Project: Candelones Oxide Project (part of Neita Sur). - Economics: 2022 Feasibility Study showed a 44% IRR and $36M CapEx for a 100k oz/year operation. - Upside: The Oxide project represents <10% of the total resource. The primary long-term value lies in the deeper, high-grade sulphides which the company is now permitted to drill.