Lahontan Gold Secures C$4.3 Million Through Warrant and Option Exercises to Fund Nevada Exploration
Lahontan Gold Corp. has raised C$4.3 million through warrant and option exercises, demonstrating strong shareholder confidence and fully financing the company's fall drilling programs at its Nevada gold projects.
Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has received C$4,316,948 from the exercise of warrants and stock options between July 4 and October 23, 2025, resulting in 334,420,221 common shares outstanding. The substantial capital infusion represents a significant vote of confidence from shareholders and provides the company with complete funding for its upcoming exploration activities.
The proceeds will be directed toward exploration and mine development at the company's Nevada projects, including the Santa Fe and West Santa Fe sites located in the Walker Lane gold belt. CEO Kimberly Ann stated that the exercises demonstrate strong shareholder confidence and leave Lahontan fully financed for its fall drilling programs while tightening the company's share structure for future growth.
Lahontan's flagship property, the 26.4 km² Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine currently holds a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained.
The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of the company's disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
For additional technical details, investors can review the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project available on the company's website and SEDAR+. The latest news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF.
This capital raise comes at a critical time for the junior mining sector, where funding for exploration projects has become increasingly competitive. The successful warrant and option exercises indicate strong market support for Lahontan's development strategy and provide the company with the financial flexibility to aggressively pursue its exploration objectives without immediate need for additional financing.