Ankündigung • Jul 30
Gold Mountain Mining Corp., Annual General Meeting, Sep 15, 2025 Gold Mountain Mining Corp., Annual General Meeting, Sep 15, 2025. Ankündigung • Jun 20
Gold Mountain Mining Corp. Announces Temporary Cessation of Regular Works Gold Mountain Mining Corp. announced that it is temporarily ceasing all regular operations at the Elk Gold Mine. The Elk Gold Mine Project is temporarily ceasing all regular Operations to focus on resource development and to update existing resource models. The Company has provided the Ministry of Mines with notice of "Tem temporary Cessation of Regular Works" in accordance to Section 10.8.1 of the Mines Act (British Columbia). The planned period of temporary cessation is a minimum of 4 and a maximum of 12 months. The Company will submit a Care and Maintenance Manual to the Ministry of Mines within 90 days. Company Qualified Professionals, Supervisors and compliancy contractor AEW Limited Partnership shall remain in place and continue with normal compliancy, management and monitoring works during the cessation period. In connection with the Company's internal review announced on March 17, 2025, the Company also advises that preliminary QAQC efforts on Elk Gold Mine resource data does warrant an extensive and complete relogging and resampling of all available core materials. The Company estimates that 65% of all available core is available to be relogging. The Company plans to complete relogging and sampling by the end of October 2025 and will commence development of a new PEA and 43-101 Technical Report immediately thereafter. Ankündigung • Dec 20
Gold Mountain Mining Corp. announced that it has received CAD 1.21 million in funding On December 19, 2024. Gold Mountain Mining Corp. has closed the transaction. In connection with the FT Offering, the Company will pay finder’s fees of CAD 84,700 and issue 1,540,000 non-transferable share purchase warrants to eligible finders Ankündigung • Dec 11
Gold Mountain Mining Corp. announced that it expects to receive CAD 1.5 million in funding Gold Mountain Mining Corp. has arranged a non-brokered private placement of up to 27,272,727 flow-through common shares at an issue price of CAD 0.055 per share for the gross proceeds of CAD 1,499,999.985 on December 10, 2024. A finder's fee of 7% cash and 7% warrants exercisable at CAD 0.055 per share for a period of 24 months shall be paid to eligible finders that assist in introducing subscribers to the company in accordance with the policies of the Toronto Stock Exchange and applicable securities laws. The closing of the flow-through offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the exchange. There can be no assurance that the flow-through offering will be completed, whether in whole or in part. Ankündigung • Aug 24
Gold Mountain Mining Corp. announced that it has received CAD 6.5 million in funding from Nhwelmen Construction Ltd On August 23, 2024, Gold Mountain Mining Corp closed the transaction. Ankündigung • Aug 16
Gold Mountain Mining Corp. announced that it expects to receive CAD 6.5 million in funding from Nhwelmen Construction Ltd Gold Mountain Mining Corp. announced a convertible secured debenture to a choomEEnsh a Nlaka'pamux LP. for gross proceeds of CAD 6.5 million on August 15, 2024. The investor is an affiliate of the Nhwelmen Construction GP Ltd.The convertible debenture will be convertible at the investor's option into 81.25 million common shares at a conversion price of eight cents per share. The convertible debenture will mature on the date that is 10 years from the date of issuance and will accrue interest at the rate of 10% per annum, calculated monthly and payable in cash in arrears on each anniversary date from the date of issuance. Ankündigung • Jul 31
TSX Extends Review of Eligibility of Gold Mountain Mining Common Shares for 60 Days Toronto Stock Exchange has decided to extend its review of the eligibility of the Common Shares of Gold Mountain Mining Corp. for continued listing for a period of 60 days. Ankündigung • Jun 22
Gold Mountain Mining Corp. Elects Bruce Sifton as Director Gold Mountain Mining Corp. at its Annual General Meeting of shareholders held June 19, 2024, approved to elect Bruce Sifton as director. Ankündigung • May 08
Gold Mountain Mining Corp. Announces Board Changes Gold Mountain Mining Corp. announced that Nadine Hoehne has been appointed to its Board of Directors effective immediately. Ms. Hoehne is a graduate of the University of British Columbia, with a B.A. in Political Science and International Relations. Ms. Hoehne is a relationship builder with over 20 years experience in advancing major projects in a variety of industries including the forestry, mining, energy, and transportation sectors. Ms. Hoehne has a rare and important skill set that allows collaboration between Indigenous leadership, communities, senior levels of provincial and federal government, and industry proponents to develop relationships that not only respect Indigenous title and rights, but also find creative solutions that produce positive outcomes for Indigenous and non-Indigenous communities alike. Ms. Hoehne experience in major projects ranges from large electrical generation, transmission and distribution, major mine expansions, oil and gas development, and more recently renewable energy, including BC's first photovoltaic solar facility to be located on reclaimed tailings within Teck's HVC mine site. Ms. Hoehne is an Indigenous Title Implementation Specialist and is currently employed with the Nlaka'pamux Nation Tribal Council (NNTC) based in Lytton, BC. Ms. Hoehne will join Gold Mountain as an independent director and member of the audit committee, while also overseeing the build out of strategic planning, recovery and expansion. The company announced that Keith Minty has resigned from the Company's Board of Directors. Ankündigung • Apr 28
Gold Mountain Mining Corp. Appoints Hugh Behroozy to Its Board of Directors Gold Mountain Mining Corp. announced that Hugh Behroozy has been appointed to its Board of Directors effective immediately. Mr. Behroozy is an entrepreneur with experience funding and building businesses across abreadth of industries. Mr. Behroozy's background in systems integration, 3D modeling and artificial intelligence, which will support the company in further understanding the Elk project's ore-body and development of predictive modeling. Hugh will serve as an independent director and member of the company's audit committee. Ankündigung • Apr 13
Gold Mountain Mining Corp., Annual General Meeting, Jun 19, 2024 Gold Mountain Mining Corp., Annual General Meeting, Jun 19, 2024, at 10:00 Pacific Standard Time. Ankündigung • Apr 11
Gold Mountain Mining Corp. Appoints Calvin Cheung as Chief Financial Officer Gold Mountain Mining Corp. announced that Mr. Calvin Cheung has agreed to act as the Company's new Chief Financial Officer effective April 10, 2024. Mr. Cheung has over 20 years of extensive experience in financial and accounting related functions, serving in senior management roles for over 10 of those years. He is a graduate of the University of British Columbia and holds a CPA (CMA) designation. Mr. Cheung's experience includes working with mineral resource companies including Great Panther Silver Limited where he previously served as senior financial accountant. More recently Mr. Cheung has been providing financial consulting and accounting services to heavy construction and resource development focused companies. Ankündigung • Mar 26
Gold Mountain Mining Corp. announced that it expects to receive CAD 0.75 million in funding Gold Mountain Mining Corp. announced a non-brokered private placement to issue 100,000,000 common shares at an issue price of CAD 0.0075 for the gross proceeds of CAD 750,000 on March 25, 2024. The common shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the Private Placement under Canadian securities rules. The Private Placement is subject to customary closing conditions including final Toronto Stock Exchange (“TSX”) approval. No insiders of the Company will be participating in the Private Placement. Ankündigung • Mar 10
Gold Mountain Receives Notice of Default & Breach of Contract Gold Mountain Mining Corp. announced that it has received notice of default from Hedge Minerals Corp. ("Hedge") after failing to make its payment obligations outlined under the Promissory Note dated September 13, 2023 ("the Note"). Hedge has demanded immediate payment of the original payment owing, six-month break fee, all additional interest, and all costs associated to legal and professional consulting regarding review and defense of legal rights under the terms of the note. Gold Mountain management is currently attempting to negotiate possible solutions to restructure the terms of the Note to resolve the current default and breach. Ankündigung • Jan 17
Gold Mountain Mining Corp. Announces Resignation of Stephen Wilkinson from Board of Directors Gold Mountain Mining Corp. announced the resignation of Mr. Stephen Wilkinson from the Company's Board of Directors. Ankündigung • Jan 11
Gold Mountain Mining Corp. Announces Resignation of Mr. Simon Buckett as Chief Financial Officer Gold Mountain Mining Corp. announced that Mr. Simon Buckett has resigned as Chief Financial Officer of the company. Reported Earnings • Dec 21
Third quarter 2024 earnings released: CA$0.037 loss per share (vs CA$0.024 loss in 3Q 2023) Third quarter 2024 results: CA$0.037 loss per share (further deteriorated from CA$0.024 loss in 3Q 2023). Revenue: CA$1.78m (down 15% from 3Q 2023). Net loss: CA$3.28m (loss widened 55% from 3Q 2023). Reported Earnings • Sep 20
Second quarter 2024 earnings released: CA$0.011 loss per share (vs CA$0.029 loss in 2Q 2023) Second quarter 2024 results: CA$0.011 loss per share (improved from CA$0.029 loss in 2Q 2023). Revenue: CA$2.20m (up 127% from 2Q 2023). Net loss: CA$977.5k (loss narrowed 62% from 2Q 2023). Ankündigung • Aug 12
Gold Mountain Mining Corp. Elects Stephen Wilkinson as Director Gold Mountain Mining Corp. announced that at the Annual General Meeting held on August 11, 2023, approved election of Stephen Wilkinson as Director. New Risk • Jun 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.8m (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$12m free cash flow). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (CA$12.8m market cap, or US$9.67m). Ankündigung • May 20
Gold Mountain Mining Corp., Annual General Meeting, Jul 28, 2023 Gold Mountain Mining Corp., Annual General Meeting, Jul 28, 2023. Ankündigung • Sep 16
Gold Mountain Corrects Technical Disclosure on Its Phase III Drill Results Gold Mountain Mining Corp. announced a correction to its press release dated September 14, 2022. This corrective press release now discloses the true width of the intercepts, QA/QC measures, analytical procedures related to its Phase III drill results and that all assays were conducted at Actlabs in Kamloops BC. There is no correction to the results of the drill program. Highlights: The Company received all assay results from its Phase lll Drill Program (15,500m) which intersected significant high-grade intervals to extend the known mineralization in the Gold Creek and Siwash North zones. Highlight intercepts include: 65.37 g/t Au over 1.31 m including 276 g/t Au over 0.31 m; 48.38 g/t Au over 2.04 m including 258 g/t Au over 0.38 m; 59.54 g/t Au over 1.30 m Including 258 g/t Au over 0.30 m; 104.72 g/t Au over 0.79 m Including 167 g/t Au over 0.49 m; 32.32 g/t Au over 1.47 m Including 101 g/t Au over 0.47 m; 66.60 g/t Au over 0.95 m Including 102 g/t Au over 0.62 m; Assay intervals are presented as apparent thickness. True thickness will vary depending on the orientation of the drill hole but are typically 70-90% of the apparent thickness. Phase lll Drill Results: During the second quarter the Company completed its Phase lll exploration program which totaled 15,500 meters. The campaign successfully expanded several important areas of the vein model and continued to intercept high gold grades. Drilling on the 1300 vein extended its mineralization down-dip another 150m, reaching a depth of over 400m below the surface. Additional drilling successfully targeted areas of high-grade inferred resources in the current mineral resource estimate in order to increase the level of geological confidence in those zones. The strong results from the Phase III campaign are planned to be incorporated into an updated mineral resource estimate anticipated to be completed in fourth quarter. Quality Assurance/Quality Control (QA/QC) Measures and Analytical Procedures Gold Mountain adheres to a strict QA/QC monitoring program that includes the insertion of blanks, standards and duplicates into the sample stream, as well as the re-submission of select samples for check assays by an independent third- party laboratory. Core samples were analyzed by Actlabs in Kamloops BC using Fire Assay methods with a gravimetric finish for results over 10g/t gold. No material QA/QC issues were noted with the results received from the laboratory. The foregoing technical information was approved by Grant Carlson, P.Eng., a Qualified Person, as defined under National Instrument 43-101 and the Chief Operating Officer for the Company. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Independent Director Howard Jones is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 08
Gold Mountain Mining Corp. Announces It Has Intercepted Additional Mineralization At the Elk Gold Project During Its Phase Lll Drill Campaign in the Siwash North Zone Gold Mountain Mining Corp. announced it has intercepted additional mineralization at the Elk Gold project during its Phase lll drill campaign in the Siwash North Zone. Highlights: - Drilling highlights include: - 1.50 m grading 42.39 g/t Au including 0.30m of 207.00 g/t Au - 2.31 m grading 18.90 g/t Au including 0.43m of 101.00 g/t Au - 1.60 m grading 26.03 g/t Au including 1.09 m of 38.20 g/t Au - 1.17 m grading 16.46 g/t Au including 0.30 m of 35.30 g/t Au - 1.00 m grading 12.04 g/t Au including 0.30 m of 39.60 g/t Au - Hole SND21-066 intercepted 207 g/t along the Siwash North's 1400 vein, located below the Company's current mine operations. - Intercepting these grades allows the Company to fill spatial data gaps and increase the geological confidence in veins directly adjacent to the current mining area. Following the success of its Phase ll exploration program, Gold Mountain returned to the Siwash North Zone for Phase lll to perform infill and step-out drilling along its well-established mineralization targeting the veins surrounding its open pits. The Company's goals for Phase III are to add ounces to its resource, establish vein continuity in its open pits and further validate its geological model. The Company anticipates releasing an updated resource estimate that includes the Phase III results in the second half of 2022. In Phase lll's first batch of assays, Gold Mountain intercepted high-grade in the Siwash North Zone while targeting both the 1350 and 1400 veins. Intercepting ultra-high grade directly below the footwall of the 1300 vein, which is currently being mined, allows the Company to fill spatial data gaps and increase the geological confidence in veins adjacent to the current mining area. The Company's final drill holes of the campaign are targeting the Gold Creek Zone, with a goal of extending its vein model to the east and at depth. Once all assays are reported, Gold Mountain and HEG & Associates Exploration Services Inc. the Company's exploration management partner, will refine the Elk's geological model which will assist in delineating the updated resource estimate anticipated for the second half of 2022. Ankündigung • Apr 06
Gold Mountain Mining Corp., Annual General Meeting, Jun 15, 2022 Gold Mountain Mining Corp., Annual General Meeting, Jun 15, 2022. Recent Insider Transactions Derivative • Mar 12
General Counsel & Corporate Secretary exercised options to buy CA$153k worth of stock. On the 7th of March, Alexander Bayer exercised options to buy 107k shares at a strike price of around CA$1.41, costing a total of CA$151k. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. Since March 2021, Alexander's direct individual holding has increased from 940.69k shares to 1.71m. Company insiders have collectively bought CA$2.5m more than they sold, via options and on-market transactions, in the last 12 months. Ankündigung • Feb 16
Gold Mountain Mining Corp. Confirms New High-Grade Gold Discovery in the Elusive Zone at the Elk Gold Project Gold Mountain Mining Corp. (‘Gold Mountain’ or the ‘Company’) announced the discovery of a new high-grade gold system in the Elusive Zone, located 5km southwest of the Siwash North gold resource, both part of the Company's 100% controlled Elk Gold Project. These diamond drill intercepts confirm the presence of multiple high-grade zones at the Elk Gold property, further illustrating the robust exploration potential and scalability of the project. The Company intercepted significant high-grade mineralization in the campaign's first drill holes at its Elusive Zone, displaying visible gold and resembling the high-grade veins drilled at Siwash North. Additionally, hole SND-049 intercepted a wide interval of disseminated mineralization, unique from the Elk's renowned ultra high-grade, narrow veins that make up Gold Mountain's current resource. These drill results, all from the southern region of the Elk Gold property, are extremely encouraging to Management, presenting a potential avenue to developing additional mineral resources and a clear path to upscale the project. The Elusive Zone is located 5km southwest from Siwash North along the southern margin of Gold Mountain's land package and is considered the most prospective target on the property. When the Elk Gold Project was discovered in the 1980's, the second larger gold-in-soil anomaly was identified at the Elusive Zone. Given the focus at that time on developing the Siwash North deposit, the Elusive Zone was never drill tested. Gold Mountain and its exploration management partner HEG & Associates (‘HEG’) performed soil geochemical samples across the Elusive zone during its Phase II exploration program, results of which further supported and better delineated the gold-in-soil anomaly thus helping identify drill targets. With the Company's Phase lll drill program already underway and in full stride, Gold Mountain will revisit the Elusive zone in its Phase lV exploration campaign next spring. By returning to this highly prospective target, the Company hopes to further uncover high-grade, shallow mineralization while it continues building its vein model in the southern portion of its claims. Gold Mountain kicked off its Phase lll drill program in December 2021 with the first holes of the campaign infilling areas within the established resource. This program is forecasted to drill 10,000 total meters in and around the high-grade Siwash North vein systems. The Company will look to continue performing step-out and infill drilling near its operating open pits, as well as extending its geological model to the east. Phase lll work also features 5,000 meters of historical core relogging as the Company attempts to continue uncovering mineralization that may have been overlooked by previous operators. Gold Mountain adheres to a strict QA/QC monitoring program that includes the insertion of blanks, standards and duplicates into the sample stream, as well as the re-submission of select samples for check assays by an independent third-party laboratory. Core samples were analyzed by Actlabs in Kamloops BC using Fire Assay methods with a gravimetric finish for results over 10g/t gold. Ankündigung • Nov 27
Gold Mountain Mining Corp. announces additional assay results from its Siwash North portion of its Phase II drill program at the Elk Gold Project Gold Mountain Mining Corp. announced additional assay results from its Siwash North portion of its Phase II drill program at the Elk Gold Project. The company continues to uncover high-grade mineralization along its well-established vein systems near the project's open pits, which show strong grade continuity and openness on strike and at depth throughout the Siwash North zone. Drilling Highlights Include: 1.10m grading 10.05 g/t Au including 0.30m of 46.1 g/t Au; 1.30m grading 12.00 g/t Au including 0.30m of 44.7 g/t Au; 1.40m grading 9.68 g/t Au including 0.40m of 24.60 g/t Au; 1.30m grading 5.59 g/t Au including 0.30m of 18.60 g/t Au. The company and its exploration management partner HEG & Associates (HEG) continue to intercept high-grade mineralization by stepping out and infilling the Siwash North's well-established vein systems. These highlight intercepts came from the 1300, 2600 and 2700 veins, showing strong grade continuity as the company extends its vein model to the west. The company has concluded all drilling activity for its Phase II program and now await assay results from the laboratory. In total, the program drilled 13,900m, with 10,500m occurring in the Siwash North zone and the remaining 3,400m drilled in the property's satellite zones (Lake Zone, South Zone and Elusive Zone). The Elk Gold Project has eight additional exploration zones that were drill tested by previous operators. To date, 9,000m of drilling have been performed in the Elk's Satellite Zones which do not currently contribute to the project's resource estimate. For the first time, the company is exploring in the satellite zones and will look to develop maiden resources in multiple areas on the Elk claims. By coupling historical drill data with strong visual mineralization in new core samples, the company is confident that these satellite zones will showcase similar grade and structure as the Siwash North zone. Recent Insider Transactions • Jul 18
CEO & Director recently bought CA$96k worth of stock On the 16th of July, Kevin Smith bought around 48k shares on-market at roughly CA$1.99 per share. This was the largest purchase by an insider in the last 3 months. Kevin has been a buyer over the last 12 months, purchasing a net total of CA$110k worth in shares. Recent Insider Transactions Derivative • Jul 08
General Counsel & Corporate Secretary exercised options to buy CA$106k worth of stock. On the 2nd of July, Alexander Bayer exercised options to buy 51k shares at a strike price of around CA$2.16, costing a total of CA$110k. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. Since March 2021, Alexander's direct individual holding has increased from 940.69k shares to 1.18m. Company insiders have collectively bought CA$1.3m more than they sold, via options and on-market transactions, in the last 12 months. Ankündigung • Jul 01
Gold Mountain Mining Corp. Announces Assay Results from the Initial Holes of Its Phase 2 Drill Program At the Elk Gold Project Located Near Merritt, BC Gold Mountain Mining Corp. announced assay results from the initial holes of its Phase 2 drill program at the Elk Gold Project located near Merritt, BC. These high-grade assay results continue to extend the deposit’s established mineralized zones down dip and indicate clear vein continuity at depth. Drilling Highlights Include: 1.0m grading 17.3g/t Au including 0.73m of 24.4g/t Au, 1.3m grading 13.9g/t Au including 0.30m of 60.4g/t Au, 1.12m grading 6.4g/t Au including 0.30m of 24.0g/t Au, Gold Mountain’s Phase 2 drill program continues to methodically extend the Elk’s shallow, open pit amenable vein systems as well as its deep, high-grade mineralization at the Siwash North Zone. Gold Mountain continues to re-log historical core samples after the success of the Phase 1 relogging program. HEG and Associates has completed a soil geochemical survey over highly prospective exploration targets on the property including the Elusive Zone. After the success of the Phase 1 drill program, the Company’s Phase 2 will continue to focus on extending and expanding the high-grade vein system at the Siwash North zone. Additional drill holes will target the Gold Creek Zone with a view to connecting its mineralization with the Siwash North Zone and the Elusive Zone which shows potential to be an entirely new discovery. To date, the Company has drilled a total of 13 of it’s planned 34 total drill holes in its Phase 2 exploration program representing approximately 4,350m of the 10,000m program. The first batch of assay results represent only two of the thirteen holes drilled to date encompassing 500m of the 4,350m. The drill holes that produced the initial assay results were located south of Pit 1 with a view of extending and expanding the 1300, 2500 and 2600 veins. The initial assay results achieve the goal of extending and expanding the high grade veins and demonstrate the predictable nature of the Siwash North Zone mineralization. The Company anticipates that future Phase 2 assays will continue to extend and expand the high grade veins which is expected to increase the resource estimate. Gold Mountain continues to relog its historical core after uncovering significant mineralization that was overlooked by previous operators during its Phase 1 relog program. Current relogging efforts are focused on historical drill holes adjacent to the current Phase 2 drilling to better understand the deposit geometry, which will ensure that subsequent drilling has the best chance of hitting further mineralization. Gold Mountain, HEG and previous operators have long identified the Elusive Zone as highly prospective. It is defined by a significant gold-in-soil anomaly and known historical copper occurrences and has the potential for both a bulk tonnage, Cu-Au porphyry type discovery, as well as additional high-grade gold mineralization. HEG is completing a new geochemical survey over the target area and will combine those results with alteration mapping and the Company’s geophysical surveys to vector into drill targets scheduled in the latter half of the Phase 2 drill campaign. Gold Mountain, HEG and previous operators have long identified the Elusive Zone as highly prospective. It is defined by a significant gold-in-soil anomaly and known historical copper occurrences and has the potential for both a bulk tonnage, Cu-Au porphyry type discovery, as well as additional high-grade gold mineralization. HEG is completing a new geochemical survey over the target area and will combine those results with alteration mapping and the Company’s geophysical surveys to vector into drill targets scheduled in the latter half of the Phase 2 drill campaign. Ankündigung • Jun 24
Gold Mountain Mining Files Updated Preliminary Economic Assessment or the Elk Gold Project Gold Mountain Mining Corp. announced that it has filedd the updated technical report and preliminary economic assessment on its 100% owned Elk Gold Project located 57 km from Merritt in South Central British Columbia. The PEA is being filed The PEA contemplates an initial 19,000 ounce per year mine that ramps up to 65,000 ounces of annual production by Year 4. The pre and post tax NPV (5% discount) are $395M and $231M, respectively. The PEA contemplates that for the life of mine, the mineralized material from the Elk Gold Project will be mined by the Company's contract mining partner, Nwhelmen-Lake LP and then delivered to New Gold Inc.'s New Afton Mine located approximately 130km from the Elk Gold Project. The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Ankündigung • Jun 11
Gold Mountain Mining Corp. Provides Construction Update at its 100% Owned Elk Gold Mine, Outside Merritt, British Columbia Gold Mountain Mining Corp. (‘Gold Mountain’ or the ‘Company’) to provide a construction update at its 100% owned Elk Gold Mine, located outside Merritt, British Columbia. On April 29, 2021, the Company received its Notice of Departure (‘NoD’) under its M-199 Mines Act permit, authorizing it to undertake certain construction and site preparation work at the Elk Gold Mine. A key component of the NoD was authorization for a ‘gravel borrow’, which allows Gold Mountain to waste rock mine at Pit 2 and repurpose existing soil and gravel at site to develop roads and laydowns. The Company selected an area near PIt 2 for the gravel borrow in order to execute on a strategy that allows Gold Mountain to adhere to its aggressive timelines and accelerate the path to hit its high-grade 1,300 vein. Since receipt of the NoD the Company's mining partner Nhwelmen-Lake has cleared overburden and conducted the first blast of waste rock near Pit 2. Nhwelmen-Lake is now crushing and screening the blasted rock and has begun road and laydown construction. Additionally, on May 7, 2021, the Company received a letter of authorization from the Ministry of Environment and Climate Change Strategy related to dewatering of the historical open pits under the existing Effluent Discharge Permit. As of June 8, 2021 the Company has pumped out 46,500m3 of water from Pit 2. The dewatering efforts will ensure a smooth transition into ore mining. Nhwelmen-Lake has mobilized various pieces of equipment to the Elk Gold Mine to support site construction activities, including; tracked dozers, excavators, a production blast-hole drill, rock trucks and a mobile jaw crusher. Other equipment en route include a weigh scale, fuel storage, office facilities, washroom/dry facilities and generator structures. Once the final Mine Permit is issued, the Company anticipates beginning it's large scale waste rock mining operations through July and August. This will allow the Company to mine the high-grade 1,300 vein for ore delivery in October to its ore purchase partner, New Gold Inc. Prior to delivery to New Gold's New Afton Mine, the ore will be assayed by an independent third party and weighed on site to determine the ore's value. Trucks then haul the ore approximately 133km to the New Afton Mine where title to the ore is passed to New Gold upon delivery. New Gold will pay Gold Mountain for the delivered ore within 17-days of each month end. Ankündigung • Jun 09
Gold Mountain Mining Corp. announced that it expects to receive CAD 10.0191 million in funding Gold Mountain Mining Corp. (TSXV:GMTN) announced a private placement on a bought deal basis to issue 3,572,000 hard-dollar units at a price of CAD 2.10 per unit and 1,090,000 flow-through units at a price of CAD 2.31 per unit for total gross proceeds of CAD 10,019,000 on June 8, 2021. The company entered into agreement with Canaccord Genuity LLC on behalf of syndicate of underwriters. Each flow-through unit shall consist of one common share of the company and one-half of one transferable common share purchase warrant. Each hard-dollar unit shall consist of one common share of the company and one-half of one warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of CAD 3.15 for a period of 2 years following the closing date of the offering. The underwriters will have an option to increase the size of the offering by CAD 1,980,900, in hard-dollar units and flow-through units, at the applicable offering price provided the number of additional flow-through units that may be acquired pursuant to the exercise of the underwriters' option shall not exceed CAD 1,482,100. The underwriters' option is exercisable, in whole or in part, at any time up to the closing date of the offering. The completion of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. All securities issued and issuable pursuant to the offering will be subject to a hold period of four months and one day after the date of issuance. In connection with the offering, the company may pay commissions to eligible persons in accordance with the policies of the TSX Venture Exchange. The transaction is expected to close on or about June 30, 2021. Recent Insider Transactions Derivative • Jun 01
General Counsel & Corporate Secretary exercised options to buy CA$157k worth of stock. On the 27th of May, Alexander Bayer exercised options to buy 64k shares at a strike price of around CA$2.06, costing a total of CA$132k. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. Since March 2021, Alexander's direct individual holding has increased from 940.69k shares to 1.09m. Company insiders have collectively bought CA$969k more than they sold, via options and on-market transactions, in the last 12 months. Ankündigung • May 28
Gold Mountain Mining Corp. Updates Project Economics At the Elk Gold Project Gold Mountain Mining Corp. announced an updated preliminary economic analysis of the Elk Gold Project. Highlights: 19,000oz annual production (Years 1-3) expanding to 65,000oz annual production (Years 4-11); Increased cost certainty over September 2020 PEA through executed: Construction and Mining Contract with Nhwelmen-Lake LP; Ore Purchase Agreement with New Gold Inc.; Revised mine plan eliminates construction of an onsite mill and incorporates underground mining. The PEA contemplates an initial 19,000 ounce per year mine that ramps up to 65,000 ounces of annual production by Year 4. The PEA contemplates that for the life of mine, the mineralized material from the Elk Gold Project will be mined by the Company's contract mining partner, Nwhelmen-Lake LP ("Nwhelmen-Lake") and then delivered to New Gold's New Afton Mine located approximately 130km from the Elk Gold Project (the "New Afton Mine"). The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Ankündigung • May 15
Gold Mountain Mining Corp. Updates Mineral Resource Estimate at the Elk Gold Property Gold Mountain Mining Corp. announced an updated National Instrument 43-101 Mineral Resource Estimate following the conclusion of its Phase1 drill program at the Elk Gold Project. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure. Gold Mountain increases its resource estimate at its Elk Gold Project to: 651,000 oz of Measured & Indicated Resources at 6.1 g/t Au and 159,000 oz of Inferred resource at 4.8 g/t Au. The updated resource estimate represents an increase of 43% of Measure and Indicated ounces and 67% of inferred ounces. This update to the mineral resources followed the Company's successful $1,900,000 Phase 1 drill program that consisted of 8,739 meters of diamond drilling where all 41 holes hit mineralization. The table below sets out the detailed results of the Mineral Resource estimate for Elk Gold Project. The effective date of the resource estimate is May 1, 2021 (the ‘Resource Estimate’). Ankündigung • May 07
Gold Mountain Extends Permitted Drilling Zone and Begins Phase 2 Exploration Program Gold Mountain Mining Corp. announced it has received its Notice of Work ("NoW") permit, allowing it to expand its 2021 exploration program at its 100% owned Elk Gold Project. The NoW permits Gold Mountain to continue chasing it's deep, high-grade mineralization while exploring additional satellite zones throughout the property. Gold Mountain receives authorization for an expanded Phase 2 exploration program allowing it to drill outside the Siwash North Zone. Phase 2 includes 10,000m of drilling and continues to relog high interest historical core.
The NoW allows the company to continue chasing the deep, high grade mineralization of the "Mother shoot" zone as well as other satellite regions of the property. Ankündigung • Feb 24
Gold Mountain Mining Corp. announced that it has received CAD 10.0007 million in funding from Crescat Portfolio Management LLC and other investors On February 23, 2021, Gold Mountain Mining Corp. (TSXV:GMTN) closed the transaction. The company has issued 10,310,000 units for gross proceeds of CAD 10,000,700. The transaction included participation from officers and directors of the company for a total of 144,331 units. The transaction was over-subscribed. Ankündigung • Feb 20
Gold Mountain Mining Corp. Engages JDS Energy & Mining Inc. for Elk Gold Project Pre-Feasibility Study Gold Mountain Mining Corp. announced that it has engaged JDS Energy & Mining Inc. to complete the Pre- Feasibility Study (the "PFS") at the Elk Gold Project located in British Columbia. The PFS was commissioned to reflect the recent advancements the Company has made to the Elk Gold Project, most notably, the signing of both the Contract Mining Agreement and the Ore Purchase Agreement. These key inputs provide Gold Mountain with the near term cost certainty required to delineate a maiden reserve at the Elk Gold Project. It is anticipated that the PFS will also update the Company's resource estimate at the Siwash North Zone based on the results of its Phase 1 drill program. JDS will lead the PFS update with support from Knight Piesold Consulting and certain key independent consultants. The PFS is expected to be completed in Third Quarter 2021. Ankündigung • Feb 02
Gold Mountain Mining Corp. announced that it expects to receive CAD 5.00035 million in funding from Crescat Portfolio Management LLC Gold Mountain Mining Corp. (TSXV:GMTN) announced a private placement of up to 5,155,000 units at an issue price of CAD 0.97 per unit for gross proceeds of CAD 5,000,350 led by Crescat Portfolio Management LLC on February 1, 2021. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant will be exercisable to acquire one common share at a price of CAD 1.25 for 36 months from the closing date of the offering. The company entered into an engagement letter with the placement agents and pursuant to the agreement, the company has granted the agents an option to offer for sale an additional 3,100,00 units at the issue price for additional gross proceeds of up to CAD 3,007,000. The offering is scheduled to close on or about February 23, 2021 and is subject to regulatory approval. The securities to be issued in the transaction will be subject to a hold period of four months and one day following the closing date of the offering. Ankündigung • Jan 29
Gold Mountain Mining Corp. Enters into an Ore Purchase Agreement with New Gold Inc. for Three-Year Term Gold Mountain Mining Corp. announced that it has entered into an Ore Purchase Agreement (OPA) with New Gold Inc. for a three-year term. Under the terms of the OPA, Gold Mountain will deliver 70,000 tonnes of ore per annum, approximately 200 tonnes per day, to the mill located at New Gold's New Afton Mine situated 130km from the Elk Gold Project, in Kamloops, British Columbia. The OPA has a term of three years, giving Gold Mountain sufficient time to scale its business accordingly. The ore will be sampled and weighed at the Elk Gold Project site to determine the contained ounces of gold and silver being delivered to the New Afton Mine. Following delivery of the ore, New Gold will pay Gold Mountain at the end of each calendar month based on the value of the gold and silver in the ore, net of the agreed metallurgical recovery and concentrate selling costs. New Gold then has 17 days to deliver payment for the ore. The terms of the OPA mitigate the variance and volatility of operational throughput for Gold Mountain and allows the Company to avoid any risk of recovery. The OPA is effective upon the first delivery of ore to the New Afton Mine. Prior to the first delivery of ore, the parties must settle on a sampling procedure for tracking the tonnes and grade delivered, Gold Mountain must receive the Permit and New Gold must obtain a permit amendment to allow for the processing to occur. Ankündigung • Jan 16
Gold Mountain Mining Corp., Annual General Meeting, Mar 23, 2021 Gold Mountain Mining Corp., Annual General Meeting, Mar 23, 2021. 