Core Viewpoint - Onyx Gold Corp. is expanding its land holdings in the Munro-Croesus Project through strategic acquisitions, enhancing its position as a leading gold explorer in the Timmins Camp [1][2][3]. Group 1: Strategic Acquisitions - The company has signed purchase agreements to acquire a 100% interest in the Munro Property (227 hectares) and the Hewitt Property, increasing the total project land holdings to 10,921 hectares (109 km²) [1][2][4]. - The Munro Property is strategically located within the Munro-Croesus Project and covers the northwestern extension of the Croesus Flow, which is known for hosting the historic high-grade Croesus Mine [4][5]. - The acquisition of the Hewitt Property includes gold-bearing mineralization with grab samples yielding up to 15.7 g/t Au [6][7]. Group 2: Financial Terms - The total consideration for the Munro Property is $300,000, payable in two staged cash payments over 12 months, subject to satisfactory due diligence [5]. - For the Hewitt Property, the company will pay $20,000 and issue 75,000 common shares, along with a 1.0% net smelter returns royalty to the vendor [7]. Group 3: Future Exploration Plans - The acquisitions are expected to unlock additional high-impact drill targets for future exploration, particularly along the Croesus Flow [3][4]. - The Munro-Croesus Project is located in a highly prospective geological area, with significant nearby bulk-tonnage gold deposits [16]. Group 4: Company Overview - Onyx Gold is focused on exploration in well-established Canadian mining jurisdictions, with a portfolio that includes the Munro-Croesus Gold property and other exploration properties in Timmins and Yukon Territory [17][18].

Core Viewpoint - Onyx Gold Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of approximately $13.04 million since May 2025, which will be used to advance exploration initiatives in Ontario and Yukon [1][3]. Group 1: Private Placement Details - The second tranche involved the issuance of 1,709,657 common shares at a price of $1.19 per share, resulting in gross proceeds of approximately $2.03 million [1]. - An existing strategic investor will own approximately 9.4% of the issued and outstanding common shares following the closing of the private placement [2]. - The private placement is subject to final acceptance by the TSX Venture Exchange and the shares will be subject to a hold period of four months and one day [4]. Group 2: Use of Proceeds - The company plans to use the gross proceeds from the sale of flow-through shares to incur "Qualifying Expenditures" related to its projects in Ontario and Yukon, with a deadline for incurring these expenditures set for December 31, 2026 [3]. - The company will renounce all Qualifying Expenditures in favor of the subscribers of the flow-through shares effective December 31, 2025 [3]. Group 3: Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory [6]. - The company has a portfolio that includes the Munro-Croesus Gold property, known for high-grade mineralization, and additional exploration properties [6][8]. - Onyx Gold controls four properties in the Selwyn Basin area of Yukon Territory, which is gaining significance due to recent discoveries [8].

Core Points - Onyx Gold Corp. has successfully closed the first tranche of a non-brokered private placement, raising approximately $3 million by issuing 3,490,343 common shares at a price of $0.85 per share [1][2] - The net proceeds from this financing will be utilized for general corporate purposes [2] - The second tranche of the private placement is expected to close around June 6, 2025, pending necessary approvals [3] Company Overview - Onyx Gold is an exploration company focused on Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [5] - The company holds a portfolio of gold projects, including the high-grade Munro-Croesus Gold property and two earlier-stage exploration properties, Golden Mile and Timmins South [5] - Onyx Gold also controls four properties in the Selwyn Basin area of Yukon Territory, which is gaining attention due to recent discoveries [5] - The management team is dedicated to creating shareholder value through responsible mineral exploration and capital allocation [5]

Core Viewpoint - Onyx Gold Corp. has successfully closed an $8 million financing through a private placement, which includes two tranches of flow-through shares aimed at funding Canadian exploration expenses related to its projects in Ontario and Yukon [1][3][9]. Financing Details - The financing consists of a "bought deal" private placement totaling $8,038,000, which includes the issuance of 5,000,000 common shares at $1.00 each for Tranche 1, generating $5 million, and 3,100,000 common shares at $0.98 each for Tranche 2, generating $3,038,000 [1][2]. - The offering was led by Cormark Securities Inc. and Agentis Capital Markets, with a cash commission of 6% on gross proceeds amounting to $482,280 [2]. Use of Proceeds - The proceeds from both tranches will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" on or before December 31, 2026, with renouncement of these expenditures to subscribers effective December 31, 2025 [3][11]. - The Tranche 1 shares will also qualify for the "Ontario focused flow-through share tax credit" [3]. Non-Brokered Private Placement - In addition to the above, the company announced a $3 million non-brokered private placement with strategic investors, which will now include a second tranche of flow-through shares, potentially raising up to $5.39 million in total [9][10]. - The first tranche of the non-brokered private placement is expected to close around May 29, 2025, while the second tranche is anticipated to close around June 6, 2025 [12][13]. Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory, including high-grade mineralization properties [16].

Core Viewpoint - Onyx Gold Corp. is initiating a 10,000-meter Spring Drill Program at its Timmins properties, focusing on the Argus North discovery, which has shown promising high-grade gold mineralization [1][2][10] Group 1: Drill Program Details - The Spring Drill Program aims to follow up on the Argus North discovery, which has been tested by one drill hole, MC24-163, that intersected 3.4 g/t Au over 69.6 m, including a high-grade subzone of 13.9 g/t Au over 9.5 m [1][10] - The initial Phase 1 program will involve step-out drilling to extend the mineralization up-dip, down-dip, and along strike to the east and west [3][4] - Approximately 1,500 meters of the 10,000-meter program will be allocated for reconnaissance drilling at the Golden Mile property, targeting a key northern splay of the Pipestone Fault [6] Group 2: Geological Context and Potential - The Argus North zone is interpreted to be near-vertical and sub-parallel to the east-west trending Argus Main, which is located 3 km northwest of the past-producing Croesus Gold Mine [10][7] - Historical and recent trenching suggests multi-kilometer scale potential along trend that remains untested by drilling, with plans to target this larger scale potential, including first-ever drilling in the Argus West area [5] - The Argus Main Zone has shown improving gold grades and widths, with a highlight of 1.0 g/t Au over 63.0 m in drill hole MC24-166 [9] Group 3: Financial and Operational Aspects - The company has recently announced an upsized financing of $11 million, providing flexibility to expand the drill program based on initial successes [2] - The drilling will be conducted with a separate drill rig dedicated to the Argus North drilling at Munro Croesus, ensuring operational efficiency [6]

Core Viewpoint - Onyx Gold Corp. has announced an increase in its financing to $11 million, which includes a $3 million second tranche of flow-through shares added to a previously announced private placement [1][2]. Financing Details - The financing will consist of two tranches: - Tranche 1 will issue 5,000,000 common shares at $1.00 each, generating gross proceeds of $5,000,000 [2]. - Tranche 2 will issue 3,100,000 common shares at $0.98 each, generating gross proceeds of $3,038,000 [2]. - The total expected gross proceeds from both offerings is approximately $11,038,000 [1]. Use of Proceeds - The proceeds from the sale of the flow-through shares will be used to incur eligible Canadian exploration expenses related to the company's projects in Ontario and Yukon, with a deadline for incurring these expenses set for December 31, 2026 [3]. - The company will renounce all qualifying expenditures in favor of the subscribers effective December 31, 2025 [3]. Regulatory and Offering Conditions - The offerings are subject to regulatory approvals, including conditional approval from the TSX Venture Exchange, and are expected to close around May 22, 2025 [7]. - The Tranche 2 shares will be offered to purchasers in Canada (excluding Quebec) and other qualifying jurisdictions, with certain exemptions from prospectus requirements [4][5]. Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [9]. - The company has a portfolio that includes the Munro-Croesus Gold property and other exploration properties, aiming to create shareholder value through responsible mineral exploration [9].

Core Viewpoint - Onyx Gold Corp. has announced a $3 million investment from a strategic investor and a concurrent $5 million bought deal financing, aiming to raise a total of approximately $8 million for exploration and corporate purposes [2][3][6]. Group 1: Financing Details - The company has entered into an agreement for a bought deal private placement of 5,000,000 flow-through shares at a price of $1.00 per share, generating gross proceeds of $5 million [2]. - Concurrently, a non-brokered private placement with a strategic investor will involve 3,490,343 common shares at a price of $0.85 per share, expected to yield approximately $3 million [3]. - The total expected gross proceeds from both offerings are approximately $8 million [3]. Group 2: Strategic Investor Impact - The strategic investor's $3 million investment will increase their total holdings to 9.9% of the company's issued and outstanding shares on a pro-forma basis [4]. Group 3: Use of Proceeds - The proceeds from the flow-through shares will be used to incur eligible Canadian exploration expenses related to the company's projects in Ontario and Yukon, with a commitment to renounce these expenditures to subscribers by December 31, 2025 [5]. - The net proceeds from the concurrent private placement will be allocated for exploration of mineral properties and general corporate purposes [6]. Group 4: Regulatory and Compliance - The offerings are subject to regulatory approvals, including conditional approval from the TSX Venture Exchange, and are expected to close around May 22, 2025 [6]. - The flow-through shares will be offered under the Listed Issuer Financing Exemption, while the non-flow-through shares will be subject to a hold period of four months and one day [7][8]. Group 5: Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory, including high-grade gold properties [11]. - The company aims to create shareholder value through responsible mineral exploration and effective capital allocation [11].

Core Points - Onyx Gold Corp. has announced the acceleration of the expiry of outstanding common share purchase warrants, originally issued on July 6, 2023, and amended on January 29, 2025 [1][2] - A total of 3,419,111 out of 7,143,999 warrants have been exercised, generating proceeds of $1,025,733, with 3,724,888 warrants remaining outstanding [1][2] - The expiry date of the warrants has been accelerated to May 24, 2025, following a closing share price exceeding $0.375 for 10 consecutive trading days [2] - The company anticipates that the remaining warrants will be exercised, potentially raising up to $2.14 million to support upcoming exploration efforts [3] - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [4] Company Overview - Onyx Gold is an exploration company with a portfolio that includes the Munro-Croesus Gold property and two additional exploration properties, Golden Mile and Timmins South [4] - The company also controls four properties in the Selwyn Basin area of Yukon Territory, which is gaining significance due to recent discoveries [4] - The management team is committed to creating shareholder value through responsible mineral exploration and capital allocation [4]

Core Insights - Onyx Gold Corp. announced high-grade drill results from the Munro-Croesus Project, with a significant intersection of 3.4 g/t gold over 69.6 meters, including high-grade subintervals of 13.9 g/t gold over 9.5 meters and 38.5 g/t gold over 3.0 meters [1][2][3] - The company has signed an option agreement to acquire a 21-hectare property adjacent to the Argus North discovery, enhancing its land position and exploration potential [1][11][12] Drill Results - Drill hole MC24-163 intersected a continuous zone of strong gold mineralization, improving upon a previous intersection of 1.9 g/t gold over 48.1 meters [2][5] - The new results indicate a broad mineralized interval within altered mafic volcanics, with visible gold observed in a quartz veinlet [6][5] - The mineralization remains open in all directions, suggesting substantial potential for further expansion [2][5] Option Agreement - The option agreement allows Onyx Gold to acquire a 100% interest in the strategically located property for a total of C$1,515,000 and 3,300,000 shares over three years [11][13] - The property has never been drilled or systematically explored, highlighting its untapped potential [12][11] Future Exploration Plans - Immediate follow-up plans include step-out drilling to extend the new zone to surface and down-dip to trace high-grade zones [9][10] - The company intends to present its near-term exploration plans for its Timmins properties in the coming weeks [10] Project Overview - The Munro-Croesus Project is located in the Abitibi greenstone belt, a premier gold mining jurisdiction in Canada, covering 108 km² of highly prospective geology [25][26] - The project includes the past-producing Croesus Gold Mine, known for high-grade gold production [25][29]

Core Points - Onyx Gold Corp. intends to amend the exercise price of 7,143,999 common share purchase warrants from $0.75 to $0.30, with an accelerated expiry provision if the share price exceeds $0.375 for 10 consecutive trading days [1][2] - The company has issued 1,375,000 restricted share units (RSUs) to directors and officers, with a vesting schedule of one-third at 12, 24, and 36 months after the grant date [3] - Nicole Hoeller has stepped down as VP of Corporate Communications but will continue to provide services as an independent contractor through her new venture, NIKLI Communications Inc. [4] Company Overview - Onyx Gold is focused on exploration in Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory, including the high-grade Munro-Croesus Gold property and other exploration properties [5]