Core Insights - Q-Gold Resources Ltd. has made significant progress in 2025, including the acquisition of the Quartz Mountain Gold Project and securing $11.5 million in financing, positioning the company for growth in 2026 [2][3][4]. Financial Overview - The company successfully closed a private placement financing for gross proceeds of $11.5 million, which will be used for advancing work streams across its gold projects [3]. - The financing included a 15% overallotment and was facilitated by BMO Capital Markets [3]. Project Acquisition and Development - Q-Gold acquired the Quartz Mountain Gold Project from Alamos Gold Inc., which includes two properties totaling approximately 4,823 acres in Oregon's gold belt [4][5]. - The project benefits from over 90,000 meters of historical drilling and extensive geological data, enhancing its potential for resource development [5]. Mineral Resource Estimate - An updated mineral resource estimate for the Quartz Mountain Gold Project was disclosed, indicating 1.543 million ounces of gold at a grade of 0.96 g/t and 2.049 million ounces of silver at 1.27 g/t in the indicated category [15][29]. - The project is amenable to conventional open-pit mining methods, which supports its economic viability [15]. Economic Assessment and Technical Studies - Q-Gold has engaged Kappes, Cassiday & Associates to conduct a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project, expected to be completed in Q2 2026 [9][10]. - The PEA will evaluate mining methods, processing options, capital and operating costs, and projected financial returns [9]. Permitting and Environmental Studies - The company has engaged SLR International to advance environmental studies and permitting applications for the Quartz Mountain Gold Project, ensuring efficient project development timelines [16][17]. - Early-stage permitting work is progressing alongside technical studies to streamline the approval process [16]. Exploration Activities - Q-Gold completed two drill campaigns at the Mine Centre Gold Project in Ontario, focusing on high-priority targets to expand its understanding of the project's gold potential [12][14]. - The company plans to initiate exploration activities at both the Quartz Mountain and Angel's Camp portions of the project in 2026 [23]. Strategic Leadership - The board of directors has been strengthened with the addition of industry leaders Scott Parsons and Jamsheed Mehta, enhancing the company's strategic guidance and capital markets relationships [18][20][22]. Future Priorities - Key priorities for 2026 include completing the PEA, advancing initial exploration permits, and conducting metallurgical drilling programs to support feasibility studies [23][26]. - The company aims to enhance shareholder value through systematic project advancement and responsible exploration practices [24].

Core Insights - WEST RED LAKE GOLD MINES LTD. has successfully upgraded to trade on the OTCQX Best Market from the OTCQB Venture Market, indicating a significant milestone for the company [1][3]. Company Overview - WEST RED LAKE GOLD MINES LTD. is a gold exploration and development company focused on its flagship Madsen Gold Mine and a 47 km² land package in the Red Lake Gold District of Ontario, which is known for its high-grade gold deposits [4]. - The Red Lake Gold District has produced over 30 million ounces of gold, highlighting its potential for further exploration and development [4]. Market Position - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, enhancing visibility among U.S. investors [3]. - The graduation to OTCQX is expected to provide greater access for investors to WEST RED LAKE GOLD MINES LTD., as stated by the company's President and CEO, Shane Williams [4]. Future Outlook - The company is nearing commercial production at the Madsen Mine and anticipates trading as a gold producer in 2026, which could enhance its market presence and investor interest [4].

NEW YORK, Dec. 22, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced WEST RED LAKE GOLD MINES LTD. (TSX-V: WRLG; OTCQX: WRLGF), a gold exploration and development company, has qualified to trade on the OTCQX® Best Market. WEST RED LAKE GOLD MINES LTD. upgraded to OTCQX from the OTCQB® Venture Market. WEST RED LAKE GOLD MINES LTD. begins trading today on OTCQX under the symbol “WRLGF.” U.S. invest ...

VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (“Westhaven” or the “Company”) and Dundee Corporation (TSX: DC.A) (“Dundee”) are pleased to announce that on December 19, 2025 the parties entered into a definitive earn-in agreement (the “Earn-in Agreement”) granting Dundee the sole and exclusive right to acquire up to a 60% interest in Westhaven’s Shovelnose Gold Project, Prospect Valley Gold Project, Skoonka Gold Project and Skoonka North Project located in t ...

TORONTO, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to provide a year-end review and highlight its upcoming 2026 operational, technical, and strategic advancements for its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario. Advancing Pardo Toward a Low-Cost, Near-Surface Gold Producer During 2025, Inventus achieved several major milestones that collectively strengthened the project and its development pathway: Positive ...

ROUYN-NORANDA, Quebec, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it has entered into a binding term sheet with Glencore AG (“Glencore”) for a senior debt financing in the principal amount of up to US$ 30 million (the “Financing”) and an accompanying offtake agreement (the “Offtake”, and together with the Financing, the “Transaction”). Key Financing Points: The Financing will be provided by Glencore in t ...

VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to advise that the TSX Venture Exchange (“TSX-V”) is advancing on its approval process for the acquisition of the Pico Machay Gold Deposit (“Pico Machay”), terms of which are detailed in the Xali Gold News Release dated October 24th, 2025. The Company understands that all outstanding technical and legal aspects have been addressed to the satisfaction of the TSX-V. The closing o ...

December 22, 2025 – TheNewswire - Toronto, ON - Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (OTCQB: TTTMF) (FSE: O4N) is pleased to announce that it has entered into a Option Agreement (the “Agreement”) with Destroismaisons CLM Holdings Corporation (“Destroismaisons”) pursuant to which the Company, upon certain payments and expenditures as outlined herein, may acquire 100% of Destroismaisons’ right, title, and interest in the Menary Gold Project located near Kenora, Ontario (the “Trans ...

Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") announces that, further to its news release dated November 6, 2025, it has filed a Preliminary Economic Assessment Technical Report for its Ana Paula Project located in Guerrero, Mexico.The technical report was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects. It has an effective date of Novembe ...

Core Insights - K2 Gold Corporation has achieved significant milestones in 2025, positioning itself for a high-impact exploration phase in 2026, particularly at its Mojave Project in California [1][2][3]. Milestones and Achievements - The company published the Final Environmental Impact Statement (FEIS) for the Mojave Exploration Drilling Project, marking a critical federal permitting benchmark [4][5]. - K2 secured 100% ownership of the Mojave Project, enhancing its strategic and operational control [6]. - The company completed an agreement to acquire 100% interest in the Si2 Project in Nevada, further expanding its portfolio [7][8]. Exploration and Technical Developments - K2 has refined multiple high-grade, near-surface gold targets at Mojave, including the Dragonfly Zone, which reported 86.9 meters of 4.0 g/t Au [9][10]. - The Eastern Target Area showed promising results with channel samples of 3.78 g/t Au over 43 meters, indicating a greater than 5-kilometer-long structural corridor with multiple high-grade targets [11][12]. Financial Position - The company strengthened its balance sheet in 2025, achieving a total treasury of approximately $10.5 million by year-end through oversubscribed financings and the exercise of over 40 million warrants [13][14]. Future Outlook - With permitting advanced and funding secured, K2 is preparing for a systematic drill program at Mojave, with further details on the 2026 exploration plan to be released soon [14]. - The Si2 Project is positioned as a second growth engine, with studies indicating the potential for significant gold grades below historical drilling depths [15][16].