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Granada Gold Mine Clarifies Share Offering Details
Thenewswire· 2026-02-27 22:00
Core Viewpoint - Granada Gold Mine Inc. has clarified details regarding the closing of its recent Offering, including the payment of finder’s fees and the issuance of share purchase warrants [1] Group 1: Financial Details - The company paid finder’s fees totaling C$135,730 in cash [1] - A total of 2,714,600 non-transferable share purchase warrants were issued, each exercisable at a price of C$0.07 per share for five years [1] Group 2: Company Operations - Granada Gold Mine Inc. is actively developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which spans 14.73 square kilometers [3] - The company is currently conducting a large drill program, with 20,000 meters completed out of a planned 120,000 meters [3] - Drilling operations are paused to allow the technical team to evaluate existing data and await improved market conditions [3] Group 3: Historical Context - The Granada Shear Zone and the South Shear Zone contain up to twenty-two mineralized structures trending east-west over five and a half kilometers, with historical underground grades of 8 to 10 grams per tonne gold [4] - The former Granada Gold underground mine produced over 50,000 ounces of gold at 10 grams per tonne in the 1930s [5] - Historical bulk samples extracted in the 1990s included 87,311 tonnes grading 5.17 g/t Au and 22,095 tonnes grading 3.46 g/t Au [5]
Granada Gold Mine Closes Oversubscribed Private Placement Financing
Thenewswire· 2026-02-18 21:15
Core Viewpoint - Granada Gold Mine Inc. has successfully closed a private placement financing of C$2.5 million, increasing the offering size to C$2,947,470 through the issuance of 58,949,400 Units at C$0.05 per Unit [1][2]. Financing Details - Each Unit consists of one common share and one purchase warrant, allowing the holder to buy an additional share at C$0.075 for five years [2]. - The offering is subject to a four-month hold period and requires approval from the TSX Venture Exchange (TSXV) [2]. Finder's Fees - The Company will pay finders fees totaling C$137,130 and issue 2,742,600 Finder's Warrants, which can be exercised at C$0.07 per share for five years [3]. Use of Proceeds - Net proceeds from the offering will be allocated for a resource update, exploration, and general corporate purposes related to the Granada Gold Property [4]. Insider Participation - An insider, Mr. Fank Basa, acquired 4,000,000 Units, representing 6.8% of the total Units sold, which is classified as a related party transaction [4]. Mineral Resource Estimate - The updated mineral resource estimate for the Granada Gold project indicates 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category [5][6]. Exploration Activities - The Company is actively developing its 100% owned Granada Gold Property, which spans 14.73 square kilometers, and is currently conducting a drill program with 20,000 meters completed out of a planned 120,000 meters [7]. Historical Context - The property includes the former Granada Gold underground mine, which produced over 50,000 ounces of gold at historical grades of 10 grams per tonne [9].
Granada Gold Mine Announces $2.5 Million Private Placement
Thenewswire· 2026-01-30 22:00
 Rouyn Noranda, Q.C., January 30, 2026 – TheNewswire - Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the "Company" or "Granada") is pleased to announce a non-brokered private placement offering raising gross proceeds of  up to $2.500,000 through the issuance of up to 50,000,000 units (the "Units") at a price of $0.05 per Unit (the "Offering"). Each Unit is comprised of one common share of the Company (each, a "Common Share") and one Common Share purchase warrant ( the "Warrants") of the ...
Granada Announces Service Agreements
Thenewswire· 2026-01-23 22:25
Core Viewpoint - Granada Gold Mine Inc. has engaged Departures Capital Inc. and CanaCom Group for investor relations and awareness campaigns to enhance its visibility and attract potential investors [1][2][3][4]. Group 1: Engagement of Investor Relations Services - Granada Gold has signed a Services Agreement with Departures Capital Inc. for a fee of $30,000 for one year, pending acceptance by the TSX Venture Exchange [2]. - The services provided by Departures will include strategic consulting, investor relations communications, and digital media production [2]. - Departures operates at arm's length from Granada Gold and has no interest in the Company's securities [3][6]. Group 2: Awareness Campaign - Granada Gold has also entered into a Services Agreement with CanaCom Group for an awareness campaign, with a fee of $95,000 plus GST for one year, also pending acceptance by the TSX Venture Exchange [4]. - The awareness program aims to engage the online investor community and promote the Company's investment opportunities [4]. Group 3: Company Overview and Operations - Granada Gold Mine Inc. is focused on developing its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, covering 14.73 square kilometers [8]. - The Company is currently conducting a large drill program with 18,000 meters completed out of a planned 120,000 meters, although drilling is paused for data evaluation and market conditions [8]. - Historical mining in the area has shown promising grades, with underground grades reported at 8 to 10 grams per tonne gold and open pit grades at 3.5 to 5 grams per tonne gold [9][10].
Granada Proposes To Issue Shares For Debt
Thenewswire· 2026-01-16 23:30
Core Viewpoint - Granada Gold Mine has reached an agreement to repay $300,000 in debt through the issuance of 3,000,000 common shares at a price of $0.10 per share, subject to regulatory approval [1][2]. Group 1: Debt Repayment Agreement - The total debt repayment amounts to $300,000, which will be settled by issuing 3,000,000 common shares at a deemed price of $0.10 per share [1]. - The transaction is subject to a hold period of four months and a day in accordance with Canadian Securities Laws and requires approval from the TSX Venture Exchange [2]. Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" since two directors of the company are also principals of the creditors [3]. - The company is exempt from formal valuation and minority shareholder approval requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization [3]. Group 3: Management Changes - Christopher Ecclestone has resigned as a director of the company, and the company expresses gratitude for his contributions [4]. Group 4: Company Overview - Granada Gold Mine Inc. is focused on developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, covering 14.73 square kilometers [6]. - The company is currently conducting a large drill program, with 18,000 meters completed out of a planned 120,000 meters, although drilling is paused for data evaluation and market conditions [6]. Group 5: Historical Mining Data - The Granada Shear Zone and South Shear Zone contain up to twenty-two mineralized structures over five and a half kilometers, with historical underground grades ranging from 8 to 10 grams per tonne gold [7]. - The property includes a former underground mine that produced over 50,000 ounces of gold at 10 grams per tonne in the 1930s, with additional bulk samples extracted in the 1990s [8].
Granada Gold Mine Structural Interpretation Supports Additional Drill Targets
Thenewswire· 2026-01-08 15:10
Core Viewpoint - Granada Gold Mine Inc. is advancing its exploration and development efforts at the Granada Gold Property, with significant drilling completed and potential for further discoveries in the mineralized structure [1][8]. Geological Insights - The geological consultants have identified a higher structural complexity in the southern part of the property, indicating the need for further exploration of northwest- and northeast-trending faults [2]. - An updated geological map is recommended to integrate historical data and create a comprehensive structural framework for a 3D model [3]. Mineral Resource Estimate - As of August 22, 2022, the Granada deposit contains an updated mineral resource estimate of 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category [5][7]. - The resource estimate is based on a base case cut-off grade of 0.55 g/t Au for pit-constrained resources and 2.5 g/t for underground resources [5]. Historical Context - The Granada Gold Property has a history of production, with over 50,000 ounces of gold extracted at an average grade of 10 g/t from the 1930s, and significant bulk samples taken in the 1990s [9][10]. - Historical underground grades ranged from 8 to 10 g/t Au, while open pit grades were between 3.5 to 5 g/t Au [9]. Current Operations - The company is currently conducting a large drill program, with 20,000 meters completed out of a planned 120,000 meters, and is pausing drilling to evaluate existing data and market conditions [8].
Granada Gold Mine to Complete Structural Analysis over 5.5 Kilometers of Mineralized Structure for the Granada Gold Property
Thenewswire· 2025-11-17 14:00
Core Viewpoint - Granada Gold Mine Inc. is engaging Ronacher McKenzie Geoscience Inc. to conduct a structural review of the Granada property, which has significant unexplored potential due to the high gold prices and the under-explored mineralized structure [1][2][3]. Company Overview - Granada Gold Mine Inc. owns 100% of the Granada Gold Property located near Rouyn-Noranda, Quebec, covering 14.73 square kilometers [7]. - The company is currently executing a large drilling program, with 20,000 meters completed out of a planned 120,000 meters [7]. Mineral Resource Estimate - An updated NI 43-101 technical report indicates that the Granada deposit contains 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category [5][6]. - The resource estimates are based on a cut-off grade of 0.55 g/t Au for pit-constrained resources and 2.5 g/t Au for underground resources [5]. Exploration Potential - Approximately 80% of the 5.5-kilometer east-west mineralized structure remains unexplored, presenting opportunities for resource increases, especially with gold prices exceeding US$4,000 per ounce [2][3]. - The company has drilled extensively in the southwestern part of the property, aiming to develop a gold resource estimate suitable for open-pit mining [3]. Historical Context - The Granada property has a history of production, including over 50,000 ounces of gold extracted in the 1930s at grades of 10 grams per tonne [9]. - Historical drilling and mapping have identified up to twenty-two mineralized structures trending east-west over the property [8].
Granada Gold Mine (CVE:GGM) Stock Price Down 18.2% – Should You Sell?
Defense World· 2025-11-17 08:43
Granada Gold Mine Inc. (CVE:GGM – Get Free Report) was down 18.2% on Saturday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 128,430 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 226,762 shares. The stock had previously closed at C$0.06.Granada Gold Mine Stock Down 18.2%The company has a market cap of C$7.43 million, a PE ratio of -4.50 and a beta of 3.70. The business’s 50 day moving average price is C$0.05 and its 200-day movin ...
Granada Gold Mine Reviews the Potential of 1 Gram per Tonne Gold in an Open Pit Resource at Minesite
Thenewswire· 2025-10-15 14:50
Core Viewpoint - Granada Gold Mine Inc. is reviewing the potential for an open pit resource at the Granada Minesite due to the current increase in gold prices, specifically targeting a grade of 1 gram per tonne [1] Company Overview - Granada Gold Mine Inc. operates the Granada Gold Property near Rouyn-Noranda, Quebec, which spans 14.73 square kilometers and is adjacent to the Cadillac Break [12] - The company is currently conducting a large drill program, having completed 20,000 meters out of a planned 120,000 meters, with drilling paused to evaluate existing data and market conditions [12] Resource Estimates - The fully permitted resource is shovel-ready, with 80% of the 5.5-kilometer mineralized structure open for exploration, indicating potential for significant resource increases [2] - Historical resource estimates from May 2017 indicated a total measured and indicated resource of 21,575,500 tonnes at an average grade of 1.16 grams per tonne, equating to 807,700 ounces of gold [3][4] - An updated resource estimate as of August 2022 reported 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category, with average grades of 2.05 grams per tonne and 4.71 grams per tonne respectively [10][11] Historical Context - The Granada Gold Mine operated as an underground mine in the 1930s, producing gold at grades of 9-10 grams per tonne from two shafts [2][13] - Historical production from the mine totaled over 50,000 ounces of gold at an average grade of 10 grams per tonne [14] Development Plans - The current development plan proposes to operate as an open pit followed by a higher-grade underground mine, leveraging the existing mineralized zones [2]
Granada Gold Appoints New Director to the Board
Thenewswire· 2025-10-08 17:20
 Rouyn Noranda, Q.C. – TheNewswire - October 8, 2025 - Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the “Company” or “Granada”) is pleased to announce the appointment of Daniel Barrette as a director of the Company.   Daniel Barrette brings over 15 years of leadership experience in the mining sector, with a strong track record in corporate restructuring, project development, and international transactions. From 2011 to 2013, he spearheaded the successful reorganization of SearchGold Re ...