Kinross Increases Ownership in Eminent to 13.8% and Files Early Warning Report
Nevada Explorer Validated by Kinross Warrant Exercise and High-Grade Oxide Discovery
The most recent news (March 3, 2026) confirms that Kinross Gold Corporation has increased its ownership in Eminent Gold to 13.8% by exercising 3,787,118 warrants. This transaction injected C$2,650,983 in immediate hard cash into Eminent’s treasury. Furthermore, Kinross received "Incentive Warrants" exercisable at $1.50 until May 2027. This follows a series of positive developments, including the appointment of Ivan Bebek as Strategic Advisor and a breakthrough drill intercept at the Hot Springs Range Project (HSRP) of 9.2m @ 3.2 g/t Au (oxide).
The impact is Material - Positive for several reasons: - Financial De-risking: The C$2.65M from Kinross, combined with the ongoing Warrant Incentive Program (targeting up to 5.35M warrants), effectively funds the 2026 exploration season without the need for a dilutive discounted private placement. - Strategic Validation: A major producer (Kinross) choosing to exercise warrants early and increase its stake to 13.8% is a strong vote of confidence in the "Otis" discovery at HSRP. - Operational Continuity: The capital allows for the immediate resumption of drilling at HSRP and the advancement of the Celts project, which is modeled after AngloGold Ashanti’s Silicon deposit. - Institutional Support: Kinross now holds a significant "blocking" or influential stake, signaling HSRP is a serious candidate for a Carlin-style discovery.
Eminent Gold is focused on district-scale gold discoveries in Nevada. - Flagship Project: Hot Springs Range Project (HSRP), 100% owned. - Location: 15km NW of the Getchell Trend (Turquoise Ridge/Twin Creeks). - Discovery: Recent drilling (HSC005) confirmed high-grade oxide gold (9.2m @ 3.2 g/t Au) in a previously untested area, suggesting a new Carlin-style trend.