Lahontan Gold Corp. has announced the acceleration of expiry for common share purchase warrants originally issued on April 30, 2025, as part of a non-brokered private placement. This corporate action was triggered when the company's shares traded at or above a volume-weighted average price of C$0.12 for ten consecutive trading days ending September 4, 2025, activating the acceleration clause specified in the warrant terms. Warrant holders must now exercise their rights by 5 p.m. Toronto time on October 21, 2025, or the warrants will expire worthless.
The acceleration mechanism represents a significant financial event that could potentially bring additional capital into the company if warrant holders choose to exercise their options before the new deadline. This influx of capital could provide crucial funding for Lahontan's ongoing exploration and development activities in Nevada's mining district. The company focuses on gold and silver properties in Nevada's Walker Lane region, with its flagship Santa Fe Mine project boasting substantial mineral resources.
According to technical reports available at https://www.lahontangoldcorp.com, the Santa Fe Mine contains an indicated mineral resource of 1,539,000 gold equivalent ounces and an inferred resource of 411,000 gold equivalent ounces. The warrant acceleration coincides with the company's continued advancement of the Santa Fe Mine project toward production. Lahontan plans to update the Santa Fe Preliminary Economic Assessment and conduct drill testing at its satellite West Santa Fe project during 2025.
The technical content of the company's disclosures has been reviewed and approved by Michael Lindholm, CPG, an independent consulting geologist and Qualified Person as defined in National Instrument 43-101. This warrant acceleration represents a critical juncture for the company's capital structure and funding strategy, potentially strengthening its financial position as it moves forward with development plans in one of North America's most promising mining regions.
