Northwire Canada EditionTuesday, October 20, 2026
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GOLD 4138.80 −0.5% SILVER 57.95 +1.2% COPPER 6.61 +0.5% OIL 97.97 −0.6% PALLADIUM 1106.50 −1.4% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.71 −10.6% EMNT 0.355 +1.4% PPM 0.130 −13.3% CERT 2.33 −1.3% KNG 0.940 −3.1% RYR 0.195 +2.6% VCG 1.22 +18.4% NVX 1.11 −0.9% LIO 0.165 +0.0% KG 0.165 +3.1% KC 0.410 +2.5% FUU 0.115 −4.2% GOLD 4138.80 −0.5% SILVER 57.95 +1.2% COPPER 6.61 +0.5% OIL 97.97 −0.6% PALLADIUM 1106.50 −1.4% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.71 −10.6% EMNT 0.355 +1.4% PPM 0.130 −13.3% CERT 2.33 −1.3% KNG 0.940 −3.1% RYR 0.195 +2.6% VCG 1.22 +18.4% NVX 1.11 −0.9% LIO 0.165 +0.0% KG 0.165 +3.1% KC 0.410 +2.5% FUU 0.115 −4.2%
Drill Results

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

Unigold Secures Critical Permit and $9M Cash Injection to Unlock High-Grade Sulphide Potential

By The Northwire Desk — AI Analysis Apr 01, 2026 · 16:31 UGD · 0.42 Unigold Inc.
Executive Summary

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.

Material Impact

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.

UGD · Price
Company Overview

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.

Read the original news release →

More from Unigold Inc.

Sep 01, 2026 · 07:46

Unigold secures community backing for the Neita ESIA, advancing the permitting timeline for its gold project.

Regulatory Aug 14, 2026 · 07:03

Unigold’s Candelones resource update pivots to flotation, de-risking the feasibility study path for the project.

Resource Estimate May 06, 2026 · 13:46

Unigold Clarifies Permit Status Amidst Regional Mining Volatility

Production / Operations Feb 27, 2026 · 16:35

Unigold gets community support for Candelones

Production / Operations Feb 27, 2026 · 07:57

Unigold accelerates Dominican ESIA for Candelones oxide project as community support solidifies social license

Production / Operations Feb 25, 2026 · 18:58

Unigold closes $1.47-million private placement

Financings