StrikePoint Gold Inc.
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Eric Sprott Announces Changes to His Holdings in Strikepoint Gold Inc.
TMX Newsfile· 2025-12-23 13:00
Core Viewpoint - Eric Sprott donated 2,984,200 common shares of StrikePoint Gold Inc. to The Sprott Foundation, resulting in a decrease of his beneficial ownership position to below 10% and ceasing to be an insider of the company [1]. Group 1 - Prior to the donation, Mr. Sprott beneficially owned and controlled 2,984,200 shares, representing approximately 4.8% of the issued and outstanding shares [2]. - Following the donation, Mr. Sprott still controls the same number of shares donated, maintaining a 4.8% ownership of the issued and outstanding shares [2]. - The shares are held for investment purposes, with Mr. Sprott having a long-term view and the potential to acquire or sell additional securities based on market conditions [3].
StrikePoint Gold Plans for a Successful 2026
TMX Newsfile· 2025-12-22 12:30
Core Viewpoint - StrikePoint Gold Inc. is set to undertake a significant resource definition drilling program at the Hercules Gold Project in Nevada in 2026, aiming to convert its current Exploration Target into an inferred resource estimate, which is expected to enhance the company's market valuation based on gold resources [2][3]. Exploration Program - The 2026 exploration plan includes a drilling program consisting of approximately 30 reverse circulation holes, totaling around 3,500 meters, designed to achieve a new resource estimate [4]. - Drilling is scheduled to commence in early March 2026 and is expected to last up to 60 days, with initial assay results anticipated by mid-April 2026 and final results expected in June 2026 [4]. Hercules Gold Project Details - The Hercules Gold Project encompasses 1,323 unpatented claims and four patented claims, covering approximately 100 square kilometers, located about one hour from Reno, Nevada [5]. - The Exploration Target for the Hercules Gold Project is estimated to have a tonnage range of 40,300,000 to 65,600,000 tonnes with a grade range of 0.48 to 0.63 grams per tonne of gold [5]. Technological Integration - The Exploration Target was developed using historical drilling and assay data, with mineralization trends evaluated through Artificial Intelligence to create a trend model that supports future drilling efforts [6]. Investor Relations and Options - The company has entered into a consulting services agreement with Capital Analytica for a six-month term, with a total payment of $150,000 for various marketing and communication services [9]. - Additionally, the company has granted a total of 1,765,000 incentive stock options, with 1,585,000 options awarded to directors, officers, and consultants, exercisable at a price of $0.15 per share until December 22, 2030 [11].
StrikePoint Gold Announces Closing of LIFE Offering for Gross Proceeds of C$3.1 Million
Newsfile· 2025-11-18 21:30
Core Points - StrikePoint Gold Inc. has successfully closed its non-brokered private placement under the Listed Issuer Financing Exemption, raising gross proceeds of CAD $3.1 million [1][5] - The offering consisted of 20,797,460 units priced at CAD $0.15 each, with each unit comprising one common share and one warrant [1][2] - The warrants allow holders to purchase additional common shares at CAD $0.30 until November 18, 2027 [2] Financial Details - The total gross proceeds from the offering amounted to CAD $3,119,619 [1] - Finder's fees paid in connection with the offering totaled CAD $161,416.50, along with the issuance of 1,076,110 non-transferable warrants [4] - Insiders subscribed for 199,460 units, contributing CAD $29,919 to the gross proceeds [6] Use of Proceeds - The net proceeds from the LIFE Offering will be allocated towards exploration activities at the Hercules Gold Project and the Cuprite Gold Project in Nevada, as well as for general working capital [5] Regulatory Compliance - The offering was conducted under the Listed Issuer Financing Exemption, which allows for the securities to be sold without a hold period, except for the warrants which have a 60-day exercise restriction [3] - The issuance to insiders is classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [6] Company Overview - StrikePoint Gold Inc. is focused on gold exploration in the Western United States and Canada, with approximately 145 square kilometers of mineral claims [8][10] - The management team, led by CEO Michael G. Allen, has extensive experience in exploration and finance, having completed multiple transactions in the mining sector [11]
StrikePoint Gold Announces Upsize of LIFE Offering
Newsfile· 2025-11-03 12:30
Core Viewpoint - StrikePoint Gold Inc. has increased the size of its non-brokered private placement due to strong investor demand, now aiming for gross proceeds of up to CAD $3.119 million [1][2]. Offering Details - The LIFE Offering will consist of up to 20,797,460 units priced at CAD $0.15 per unit, each unit comprising one common share and one warrant [2]. - Each warrant is exercisable into one common share at an exercise price of CAD $0.30 for a period of 24 months from closing [2]. - The offering is available to purchasers in Canada, excluding Québec, and the securities will not be subject to a hold period under applicable Canadian securities laws [3]. Use of Proceeds - The net proceeds from the LIFE Offering will be used for exploration activities at the Hercules Gold Project and the Cuprite Gold Project in Nevada, as well as for general working capital [6]. Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction. The participation will not exceed 25% of the fair market value of the company's market capitalization [7]. Company Overview - StrikePoint Gold Inc. is focused on building precious metals resources in the Western United States and Canada, holding approximately 145 square kilometers of mineral claims [10]. - The management team has extensive experience in exploration, finance, and engineering, with a history of successful transactions in the mining sector [11].
StrikePoint Gold Announces Non-Brokered Private Placement LIFE Offering of up to $3 Million
Newsfile· 2025-10-29 23:09
Core Points - StrikePoint Gold Inc. has announced a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE Offering) for gross proceeds of up to CAD $3 million [1][6] - The offering will consist of up to 20,000,000 units priced at CAD $0.15 per unit, each unit comprising one common share and one warrant [2][3] - The company intends to use the net proceeds for exploration activities at its two Nevada-based projects, the Hercules Gold Project and the Cuprite Gold Project, as well as for general working capital [6] Offering Details - Each warrant is exercisable into one common share at an exercise price of CAD $0.30 for a period of 24 months from closing [2] - The LIFE Offering is available to purchasers residing in Canada, except Québec, and the securities will not be subject to a hold period under applicable Canadian securities laws [3] - The company may pay finders' fees and issue finders' warrants to eligible persons in connection with the LIFE Offering [5] Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction [7] - The participation of insiders will not exceed 25% of the fair market value of the company's market capitalization, allowing the company to rely on exemptions from formal valuation and minority shareholder approval requirements [7] Company Overview - StrikePoint Gold Inc. is focused on building precious metals resources in the Western United States and Canada, holding approximately 145 square kilometers of mineral claims [11] - The management team has extensive experience in exploration, finance, and engineering, with a history of successful transactions in the mining sector [12]
StrikePoint Gold Inc. Announces the Appointment of Alan Pangbourne as an Advisor to the Company
Newsfile· 2025-10-29 11:30
Core Viewpoint - StrikePoint Gold Inc. has appointed Alan Pangbourne as an advisor, bringing over 40 years of global mining experience to the company, which is expected to aid in growth opportunities and the advancement of the Hercules Gold Project [1][2]. Company Overview - StrikePoint Gold is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and Canada, holding approximately 145 square kilometers of mineral claims [5]. - The company is led by CEO Michael G. Allen, who has extensive experience in the Walker Lane region, including significant transactions such as the acquisition of the Sterling Gold Project and the sale of Northern Empire Resources Corp. for approximately C$120 million [6]. Alan Pangbourne's Background - Alan Pangbourne has a notable history in M&A, mine builds, and operational turnarounds, having previously served as COO of SSR Mining, where he helped increase production from 100,000 oz Au/year to over 400,000 oz Au/year [2][4]. - He currently serves on the board of OceanaGold Corporation and has held leadership roles in other mining companies, including Guyana Goldfields and Chesapeake Gold [3][4].
StrikePoint Gold Receives Permit for Drilling on Pony Meadows Target, Hercules Gold Project, Nevada
Newsfile· 2025-09-23 11:30
Core Viewpoint - StrikePoint Gold Inc. has received approval from the Bureau of Land Management of Nevada for drilling at the Pony Meadows Target within the Hercules Gold Project, indicating progress in exploration efforts and potential for significant gold mineralization [1][3]. Company Developments - The company is authorized to establish three drill pads at the Pony Meadows Target, with minimal associated road disturbance [2]. - The Pony Meadows Target is believed to be a large-scale ring structure, similar to other significant gold mineralization sites in the region, with surface exploration revealing a mapped structure of approximately 2.6 kilometers [3]. - StrikePoint holds two additional drill permits for the southern portion of the Hercules Gold Project, specifically at the Sirens and Como Comet showings [3]. Historical Context and Exploration Potential - The Sirens showing has a history of limited drilling, with notable results including 38.10 meters grading 0.64 grams per tonne gold and 25.91 meters grading 0.68 grams per tonne gold, suggesting that the target remains inadequately tested [4]. - The Como Comet showing is strategically located between significant mining operations, with surface sampling yielding results of up to 5.0 grams per tonne gold and notable historical drill intercepts [5]. Industry Context - Recent merger and acquisition activity in Nevada's gold sector includes Equinox Gold Corp.'s sale of the Pan Gold mine for US$115 million and AngloGold Ashanti plc's acquisition of Augusta Gold Corp. for C$197 million, highlighting the competitive landscape [7]. - The Hercules Gold Project has a defined 'Exploration Target' of between 819,000 and 1,019,000 ounces of gold, with grades ranging from 0.48 grams per tonne to 0.63 grams per tonne, positioning it favorably against recent transactions in the industry [7]. Upcoming Events - The company will present at the virtual Emerging Growth Conference on September 25, 2025, and will also attend the Metals Investor Forum on September 26-27, 2025, where the CEO will present [10][11].
StrikePoint Files NI 43-101 Technical Report Outlining Exploration Target of Between 819,000 and 1,018,000 oz Au on the Hercules Gold Project in Nevada's Walker Lane, Completes Drill Program
Newsfile· 2025-04-17 21:12
StrikePoint Files NI 43-101 Technical Report Outlining Exploration Target of Between 819,000 and 1,018,000 oz Au on the Hercules Gold Project in Nevada's Walker Lane, Completes Drill ProgramApril 17, 2025 5:12 PM EDT | Source: StrikePoint Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the filing of its first technical report on the 100%-owned Hercules Gold Project ...
StrikePoint Commences Drilling at Hercules Gold Project, With Current Exploration Target of 1 Moz of Oxide Gold in Nevada's Walker Lane
Newsfile· 2025-03-10 11:00
StrikePoint Commences Drilling at Hercules Gold Project, With Current Exploration Target of 1 Moz of Oxide Gold in Nevada's Walker LaneMarch 10, 2025 7:00 AM EDT | Source: StrikePoint Gold Inc.7-8 Holes (~1,500m) to infill and expand oxide gold mineralization Exploration Target between 820 and 1,020 Koz Au grading between 0.48 g/t and 0.63 g/t AuAcquisition cost $250,000, now targeting multi-million Au Oz Potential in Tier 1 JurisdictionDrill Results Expected in Q2 2025Vancouver, British Colum ...
StrikePoint Reports Exploration Target on Hercules Gold Project of Between 819,000 and 1,018,000 Ounces Au Grading Between 0.48 and 0.63 g/t Au
Newsfile· 2025-03-03 12:30
StrikePoint Reports Exploration Target on Hercules Gold Project of Between 819,000 and 1,018,000 Ounces Au Grading Between 0.48 and 0.63 g/t AuMarch 03, 2025 7:30 AM EST | Source: StrikePoint Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the conclusion of its first technical report on the Hercules Gold Project located in Nevada's prolific Walker Lane, including th ...