Rua Gold Inc.
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Rua Gold Announces Upsizing of Brokered Offering
Globenewswire· 2026-01-22 14:01
Core Viewpoint - Rua Gold Inc. has increased its brokered private placement offering to raise gross proceeds of up to $24,999,920, driven by strong investor demand [1] Group 1: Offering Details - The Upsized Offering will consist of 22,727,200 Common Shares priced at $1.10 each [1] - The net proceeds will be allocated for exploration and development activities on the Reefton and Glamorgan Projects in New Zealand, as well as for working capital and general corporate purposes [2] - The offering is expected to close on or about January 28, 2026, subject to necessary approvals [6] Group 2: Regulatory and Compliance Information - The Common Shares will be issued under the 'listed issuer financing exemption' and will not be subject to resale restrictions under applicable Canadian securities laws [3] - The offering will not be registered under the U.S. Securities Act and cannot be sold to U.S. Persons without registration or an applicable exemption [7] Group 3: Company Overview - Rua Gold Inc. is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [9] - The Glamorgan Project is located in a region that has produced 15 million ounces of gold and 60 million ounces of silver, adjacent to OceanaGold Corporation's major mining project [9]
Rua Gold Announces Upsizing of Brokered Offering
Globenewswire· 2026-01-22 14:01
Core Viewpoint - Rua Gold Inc. has increased its brokered private placement offering to raise gross proceeds of up to $24,999,920, driven by strong investor demand [1] Group 1: Offering Details - The Upsized Offering will consist of 22,727,200 Common Shares priced at $1.10 each [1] - The net proceeds will be allocated for exploration and development activities on the Reefton and Glamorgan Projects in New Zealand, as well as for working capital and general corporate purposes [2] - The offering is expected to close on or about January 28, 2026, subject to necessary approvals [6] Group 2: Regulatory and Compliance Information - The Common Shares will be issued under the 'listed issuer financing exemption' and will not be subject to resale restrictions under applicable Canadian securities laws [3] - The offering will not be registered under the U.S. Securities Act and cannot be sold to U.S. Persons without registration or an applicable exemption [7] Group 3: Company Overview - Rua Gold Inc. is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [9] - The Glamorgan Project is located in a region that has produced 15 million ounces of gold and 60 million ounces of silver, adjacent to OceanaGold Corporation's major mining project [9]
Rua Gold Announces $25 Million Financing
Globenewswire· 2026-01-21 21:40
Core Viewpoint - RUA GOLD Inc. is initiating a financing round of up to $25 million to support exploration and development activities at its Reefton and Glamorgan Projects in New Zealand [1] Brokered Offering - The company has entered into an agreement with Raymond James Ltd. and Cormark Securities Inc. for a brokered private placement of 18,190,000 common shares at a price of $1.10 per share, aiming for gross proceeds of up to $20,009,000 [2] - The Agents have an option to sell an additional 15% of the common shares at their discretion prior to the closing of the offering [3] - Net proceeds from the brokered offering will be allocated to exploration and development activities at the Reefton and Glamorgan Projects, as well as for working capital and general corporate purposes [4] Non-Brokered Financing - Concurrently, the company will conduct a non-brokered private placement to raise up to $5 million, consisting of up to 4,550,000 common shares at the same price of $1.10 per share [9] - The net proceeds from the non-brokered offering will also be used for exploration and development activities at the Reefton and Glamorgan Projects, along with working capital and general corporate purposes [10] Closing Conditions - Both offerings are expected to close around January 28, 2026, subject to necessary approvals from the TSX Venture Exchange and applicable securities regulatory authorities [8][11] Company Overview - RUA GOLD Inc. is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [14] - The Glamorgan Project is located in the Hauraki district, known for its significant gold and silver production, and is adjacent to OceanaGold Corporation's major mining project [14]
Rua Gold Announces $25 Million Financing
Globenewswire· 2026-01-21 21:40
Core Viewpoint - RUA GOLD Inc. is initiating a financing round of up to $25 million to support exploration and development activities at its Reefton and Glamorgan Projects in New Zealand [1] Brokered Offering - The company has entered into an agreement with Raymond James Ltd. and Cormark Securities Inc. for a brokered private placement of 18,190,000 common shares at a price of $1.10 per share, aiming for gross proceeds of up to $20,009,000 [2] - An option has been granted to the agents to sell an additional 15% of the common shares at their discretion prior to the closing of the offering [3] - Net proceeds from the brokered offering will be allocated to exploration and development activities at the Reefton and Glamorgan Projects, as well as for working capital and general corporate purposes [4] Non-Brokered Financing - Concurrently, the company will conduct a non-brokered private placement to raise up to $5 million, consisting of up to 4,550,000 common shares at the same price of $1.10 per share [9] - The net proceeds from the non-brokered offering will also be used for exploration and development activities at the Reefton and Glamorgan Projects, along with working capital and general corporate purposes [10] Closing Conditions - Both offerings are expected to close on or about January 28, 2026, subject to necessary approvals from the TSX Venture Exchange and applicable securities regulatory authorities [8][11] Company Overview - RUA GOLD Inc. is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [14] - The Glamorgan Project is located in the Hauraki district, known for its significant gold and silver production, and is adjacent to OceanaGold Corporation's major mining project [14]
RUA GOLD Provides Exploration Update and 2026 Outlook for the Auld Creek Gold-Antimony Project, Reefton Goldfield
TMX Newsfile· 2026-01-19 12:00
Core Viewpoint - Rua Gold Inc. is advancing its Auld Creek gold-antimony project in New Zealand, with significant exploration updates and permitting activities aimed at accelerating resource development and production plans for 2026 [1][4][6]. Exploration Update - New mineral intersections confirm the expansion of the Auld Creek system beyond 870 meters, with mineralization remaining open to the north and at depths exceeding 320 meters [3][10]. - A third drill rig is set to commence operations by the end of January 2026, which will enhance resource development and test anomalies along the Fraternal and Bonanza lodes [3][6]. - Highlighted assay results include ACDDH050 with 3.0m at 21.27 g/t AuEq (4.5 g/t Au & 3.9% Sb) from 137m, and ACDDH056 with 5.1m at 7.27 g/t AuEq (5.3 g/t Au & 0.5% Sb) from 240.4m [6][18]. Permitting Activities - The company has made significant progress in permitting activities, targeting the submission of a Fast Track referral application in the first half of 2026 [4][7]. - Engagement with local Maori stakeholders, Te Runanga o Ngāti Waewae, has been ongoing, with strong support for the project and collaboration on cultural impact assessments [8][9]. - The mine concept design was completed in 2025, and community consultations are set to intensify throughout 2026 [9]. Technical Reports and Assessments - RSC Consulting has been engaged to prepare an updated NI 43-101 Reefton Technical Report, scheduled for publication in February 2026, which will incorporate drilling results to date [6][10]. - Tendering is underway for works to support a Preliminary Economic Assessment (PEA) [6][9]. Regional Opportunities - Auld Creek is one of at least six known occurrences of gold-antimony in the Reefton Goldfield, which has a historical production of over 2 million ounces of gold [19][21]. - The company controls over 120,000 hectares of tenements in the Reefton Gold District, positioning it as a dominant landholder in the region [21].
RUA GOLD Engages ICP Securities Inc. for Automated Market Making Services
Newsfile· 2025-11-03 11:00
Core Viewpoint - Rua Gold Inc. has engaged ICP Securities Inc. for automated market making services to enhance liquidity and manage share supply and demand [1][3]. Group 1: Engagement Details - The agreement with ICP Securities Inc. includes a monthly fee of C$7,500 plus applicable taxes, starting from November 1, 2025, with an initial term of four months [2]. - The contract will automatically renew for one-month terms unless either party provides a 30-day written notice [2]. - There are no performance-based factors or stock options associated with this agreement [2]. Group 2: Company Overview - Rua Gold Inc. is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [6][7]. - The company is also advancing its Glamorgan Project, located in a region that has produced 15 million ounces of gold and 60 million ounces of silver [9]. Group 3: ICP Securities Inc. Overview - ICP Securities Inc. is a Toronto-based dealer-member specializing in automated market making and liquidity provision, utilizing its proprietary algorithm, ICP Premium™ [5]. - Established in 2023, ICP focuses on enhancing market structure and execution for public issuers and institutional investors [5].
RUA GOLD to Present at Conferences Across Munich, New York, Sydney, New Zealand and Zurich During the 4th Quarter of 2025
Newsfile· 2025-10-07 11:00
Core Viewpoint - Rua Gold Inc. is actively engaging with investors through a series of conferences in Q4 2025, showcasing its exploration strategy and project milestones, particularly focusing on its high-grade gold and antimony assets [1][3][4] Conference Participation - The company will present at multiple conferences including the Metals & Mining Virtual Investor Conference, Munich Mining Conference, Hidden Gems Conference, International Mining and Resources Conference (IMARC), West Coast Minerals Forum, and Swiss Mining Institute Conference [2][4][12][14] - The Metals & Mining Virtual Investor Conference is scheduled for October 7-9, 2025, where the CEO will provide project updates [4][5] - The Munich Mining Conference took place on October 3-4, 2025, attracting over 1,000 German retail investors [7][8] - The Hidden Gems Conference will occur on October 20-21, 2025, in New York, featuring both stage presentations and one-on-one meetings [9] - IMARC will be held from October 21-23, 2025, in Sydney, with participation from the COO and geologists to address investor inquiries [10][11] - The West Coast Minerals Forum is set for October 30, 2025, in New Zealand, involving panel discussions and community interactions [12] - The Swiss Mining Institute Conference will take place on November 20-21, 2025, in Zurich, focusing on exclusive presentations to professional investors [14][15] Company Strategy and Assets - Rua Gold is strategically focused on New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which historically produced over 2 million ounces of gold [16][17] - The Glamorgan Project is positioned adjacent to OceanaGold Corporation's major mining project, contributing to Rua Gold's status as a leading high-grade gold explorer [17][18] - The company aims to transition from explorer to developer, capitalizing on tightening antimony supply and rising gold prices [4][16]
RUA GOLD Reports High-Grade, near Surface Gold Intercepts at Cumberland, Including 1m @ 26.9 g/t Au (within a Broader Intercept of 14m at 3.4 g/t) and 1m @ 16.2 g/t Au, Confirming Continuity of Mineralization at the Gallant Target
Newsfile· 2025-05-27 11:00
Core Insights - Rua Gold Inc. has reported high-grade gold intercepts at the Cumberland gold camp, confirming the continuity of mineralization at the Gallant target [1][5][9] Drilling Results - Initial drilling results from two holes, CUDDH001 and CUDDH002, intersected significant near-surface gold mineralization, with CUDDH001 showing 3m at 6.3 g/t Au and CUDDH002 showing 14m at 3.4 g/t Au, including 1m at 26.9 g/t Au [3][4][9] - Historical drilling by OceanaGold Limited at the Gallant structure reported intersections of up to 20.7m of quartz with gold grades ranging from 0.15 g/t to 1911 g/t [3][9] Geological Context - The Cumberland gold camp is located 3km south of the Globe-Progress Mine, which has produced over 1 million ounces of gold [4][28] - The Gallant target is characterized by broad quartz veins with true widths ranging from 5m to 9m, consistent with historical data [3][5] Exploration Strategy - The company is utilizing VRIFY's AI-Assisted Mineral Discovery Platform, DORA, to identify prospective targets and streamline exploration efforts [2][15][18] - Ongoing drilling will systematically test the 2.2 km historic mine corridor, focusing on high-priority targets identified by the AI tool [2][3][12] Future Plans - The geological team plans to drill six additional holes, with depths ranging from 70m to 180m, targeting quartz veins extending 200m southward [3][12] - The company aims to develop economically viable ounces at the Gallant target, which is logistically accessible for exploration and potential development [6][5]
RUA GOLD Expands High-Grade Intercepts at Depth at Auld Creek: 5.9g/t AuEq over 9m and 48.3g/t AuEq over 1.25m
Newsfile· 2025-04-16 11:30
Core Viewpoint - Rua Gold Inc. has reported significant improvements in gold and antimony grades from its drilling activities at the Auld Creek project, indicating a promising expansion of its resource base in New Zealand's Reefton Goldfield [1][4][10]. Company Updates - The recent drilling results include notable intercepts: - ACDDH026: 2.1m @ 1.25g/t Au from 175m depth - ACDDH027: 9m @ 5.9g/t AuEq (5.2g/t Au & 0.16% Sb) from 159m depth - ACDDH028: 1.25m @ 48.3g/t AuEq (13.3g/t Au & 8.1% Sb) from 210m depth [4][10][12] - The company is focusing on expanding the Auld Creek resource both north and south, with surface exploration showing promise over a 2.5km length [4][10]. Exploration Potential - Auld Creek has an inferred resource of 700,000 tonnes at 3.1g/t Au and 1.1% Sb, equating to approximately 67,000oz of gold and 8,000 tonnes of antimony [12][10]. - The drilling program commenced in December 2024, targeting four mineralized shoots identified from historical exploration [11][12]. Market Context - Antimony prices have surged to over US$50,000 per tonne, up from US$11,350 per tonne at the start of 2024, reflecting increased demand and limited supply [10][9]. - Antimony is recognized as a critical mineral by several countries, including New Zealand, due to its strategic importance in various industries [9][10].