Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Financings Routine +

Scorpio Gold Announces Receipt of $7.9 Million from Warrant Exercises and Expiry of Warrants

Scorpio Gold cleans up capital structure as warrant exercises inject $7.9M to fuel aggressive Nevada exploration

By The Northwire Desk — AI Analysis Feb 24, 2026 · 06:01 SGN · 0.58 Scorpio Gold Corporation
Executive Summary

The most recent news (Feb 24, 2026) announces the receipt of $7,923,500 from the exercise of 39,617,500 warrants at $0.20 per share over the last seven months. This follows a string of positive drilling results from the Manhattan District, including a highlight of 49.62m at 3.14 g/t Au (Feb 19) and 36.82m at 5.22 g/t Au (Feb 11). Additionally, the company recently divested non-core mill assets for C$750,000 to fund a new centralized core processing facility, signaling a shift toward large-scale exploration efficiency.

Material Impact

The impact is Routine - Positive. While the $7.9M cash injection is significant for a junior explorer, it was largely expected as the stock has been trading well above the $0.20 exercise price for several months. - Treasury Strength: The funds provide the necessary runway for the ongoing 50,000-meter Phase 2 drill program without immediate need for a dilutive private placement. - Capital Structure: The expiry of the remaining $0.20 warrants simplifies the share structure and removes a potential "overhang" on the stock price. - Operational Momentum: The news confirms that shareholders are supportive and exercising warrants, providing non-dilutive capital (relative to current market prices) to advance the Manhattan District toward a multi-million-ounce target.

SGN · Price
Company Overview

Scorpio Gold holds a 100% interest in the Manhattan District in Nevada, a consolidated land package of ~4,780 hectares. - Flagship: The Manhattan Project includes the Goldwedge underground mine and the Manhattan Pit (acquired from Kinross). - Resource: Current Inferred MRE of 740,000 oz gold at 1.26 g/t. - Infrastructure: The company is transitioning from a small-scale producer (400 tpd mill) to a district-scale explorer, recently selling old mill assets to focus on resource expansion.

Read the original news release →

More from Scorpio Gold Corporation

Jul 27, 2026 · 05:01

Scorpio Gold lists on Nasdaq to broaden U.S. capital access for its Nevada gold exploration projects.

Regulatory Jul 23, 2026 · 09:30

Scorpio’s discounted $10.8m equity raise extends Manhattan drilling runway amid dilution.

Financings Jul 15, 2026 · 16:18

Scorpio Gold raises $8m at a 7% discount to fund drilling at Manhattan, where strong intercepts have been reported.

Financings Jul 14, 2026 · 05:01

Scorpio’s 98m at 2.05 g/t gold step-out at Goldwedge extends bulk-tonnage mineralization.

Drill Results Jun 24, 2026 · 05:01

Scorpio Gold’s Manhattan District drilling validates district-scale potential as the stock consolidates near multi-month lows.

Drill Results Jun 08, 2026 · 05:01

Scorpio Gold advances Manhattan District Phase 2 drilling with consistent Goldwedge intercepts, maintaining exploration momentum amid a steady cash position.

Drill Results