Goliath Resources Proposes to Extend Term of Warrants Held by McEwen Inc.

Executive Summary

• Goliath Resources applied to the TSX Venture Exchange to extend the expiry of 2,590,673 common share purchase warrants from March 10 2026 to September 10 2026.
• The extension maintains the original exercise price of $2.50 per share and does not alter any other warrant terms.
• The warrants were originally issued in connection with a $10 million strategic private placement to McEwen Inc. on March 10 2025.

Key Details

• Warrant Quantity: 2,590,673 common share purchase warrants.
• Exercise Price: $2.50 per warrant share (unchanged).
• Original Expiry Date: March 10 2026.
• Proposed New Expiry Date: September 10 2026 (six‑month extension).
• Underlying Transaction: Warrants issued as part of a $10,000,000 non‑brokered private placement of 5,181,347 units to McEwen Inc., priced at C$1.93 per unit.
• Consideration Received in Original Placement: Issuance of 868,056 McEwen common shares at a deemed price of C$11.52 per share.
• Regulatory Process: Extension is subject to acceptance by the TSX Venture Exchange; all other warrant terms remain unchanged.

Notable Quotes

(No direct quotes were provided in the release.)