Announcement • Apr 22
Tonogold Resources, Inc. (OTCPK:TNGL) acquired JAG Minerals Pty Ltd. Tonogold Resources, Inc. (OTCPK:TNGL) entered a term sheet to acquire JAG Minerals Pty Ltd for $6.5 million on April 11, 2024. The purchase price will be made up of $4.5 million in TONOGOLD shares at a deemed issue price equal to the volume weighted average price (VWAP) for the 15 trading days prior to signing of a Stock Purchase Agreement. A further $2 million will be paid to JAG shareholders at the date of settlement. The purchase price is subject to Tonogold having a 90-day due diligence period. Tonogold has an exclusive period of 60 days from the signing of this term sheet. As of May 31, 2024, Tonogold amended the term sheet dated to extend the exclusivity period by 35 days to July 30, 2024. Tonogold Resources, Inc. (OTCPK:TNGL) entered into definitive agreement to acquire JAG Minerals Pty Ltd for $8.5 million on September 3, 2024. As part of consideration the purchase price will be made up of $6.5 million worth shares of TONOGOLD and $2 million will be paid to JAG shareholders. On closing of the acquisition TONOGOLD will change its name to Uranium American Resources, Inc. As of July 15, 2025, Uranium American has raised $3.5 million in new capital, and the funds raised are intended to complete the acquisition of JAG Minerals US Inc, further bolstering Uranium American’s domestic uranium footprint.
The expected date of closing of the transaction is by the end of March 2026..
Tonogold Resources, Inc. (OTCPK:TNGL) completed the acquisition of JAG Minerals Pty Ltd on April 21, 2026. Announcement • Jul 16
Tonogold Resources, Inc. announced that it expects to receive $3.5 million in funding Tonogold Resources, Inc. announced it has entered into a binding agreement with one US institutional investor to issue 58,333,333 shares at a price of $0.06 per share for gross proceeds of $3,499,999.98 and one warrant that will allow the holder to purchase additional shares at a price of $0.10 per share for 48 months on July 15, 2025. Closing and funding is to occur shortly. This raise will allow the Company to complete the acquisition of 100% of the issued shares of JAG Minerals Pty Ltd which holds 100% of the shares in JAG Minerals US Inc ("JAG US"). Announcement • Dec 04
Tonogold Resources, Inc. Appoints Joe Phillips to Board of Directors Tonogold Resources, Inc. has appointed experienced professionals to its board of directors. Mr. Joe Phillips, the vendor of JAG Minerals Pty Ltd, brings 18 years of leadership experience, having served as COO, CEO, and Executive Chairman in North American and Australian-listed companies. The new board has substantial executive management and financial expertise to support the Company's growth going forward. 
