Curated News
By: NewsRamp Editorial Staff
November 26, 2025
Lahontan Gold Raises $2.5M for Santa Fe Mine Exploration
TLDR
- Lahontan Gold's $2.5 million private placement provides capital to advance exploration, potentially increasing shareholder value through resource development at their Nevada properties.
- Lahontan Gold issued 16.67 million units at $0.15 each, consisting of one share and half-warrant exercisable at $0.25 for two years with acceleration clauses.
- Lahontan Gold's funding supports responsible mineral exploration that could create jobs and contribute to sustainable resource development in mining-friendly Nevada communities.
- Lahontan Gold's Santa Fe Mine previously produced over 359,000 ounces of gold and now holds 1.54 million indicated gold equivalent ounces in Nevada.
Impact - Why it Matters
This capital raise directly impacts investors and market observers by demonstrating strong financial backing for Lahontan Gold's Nevada mining operations. The successful $2.5 million financing provides crucial working capital to advance the Santa Fe Mine toward production, potentially unlocking significant value from the project's 1.5 million ounce indicated gold equivalent resource. For the mining sector, this represents continued investment in Nevada's prolific Walker Lane belt, reinforcing the region's status as a premier gold mining jurisdiction. The accelerated warrant structure could create additional shareholder value if the stock performs well, while the exploration funding increases the likelihood of resource expansion and eventual mine development, contributing to North American gold production capacity.
Summary
Lahontan Gold Corp., a Canadian mine development and mineral exploration company, has successfully closed an upsized non-brokered private placement, raising $2,499,880.20 through the issuance of 16,665,868 units at $0.15 each. Each unit consists of one common share and one-half warrant exercisable at $0.25 for two years, featuring an acceleration clause that could expedite warrant exercise timelines. The company paid $28,910.39 in finder fees and issued 192,735 broker warrants under the same accelerated-term structure. This financing transaction qualified as a related party transaction exempt from MI 61-101 valuation and minority approval requirements, streamlining the capital raising process for the emerging mining company.
The proceeds from this significant capital infusion will support general working capital needs and fund critical exploration activities at Lahontan's flagship Santa Fe Mine and West Santa Fe Projects in Nevada's prolific Walker Lane mineral belt. The Santa Fe Mine represents a substantial asset with impressive historical production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. Current NI 43-101 compliant resources include an Indicated Mineral Resource of 1,539,000 gold equivalent ounces and an Inferred Mineral Resource of 411,000 gold equivalent ounces, all pit-constrained. The company's strategic plans for 2025 involve advancing the Santa Fe Mine toward production, updating the Preliminary Economic Assessment, and conducting drill testing at the West Santa Fe satellite project, positioning Lahontan Gold for significant growth in the competitive mining sector.
Investors seeking additional information can access the full press release through the InvestorBrandNetwork platform, which serves as the specialized communications vehicle disseminating this news. The technical content has been reviewed and approved by Michael Lindholm, CPG, an Independent Consulting Geologist and Qualified Person as defined in National Instrument 43-101. For comprehensive corporate details and ongoing updates, interested parties are encouraged to visit the company's official website at www.lahontangoldcorp.com, where they can access the complete Technical Report and stay informed about Lahontan Gold's progress in developing its Nevada-based gold and silver properties within the mining-friendly jurisdiction that has historically yielded substantial mineral wealth.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Raises $2.5M for Santa Fe Mine Exploration
