Announcement • 20h
Aero Energy Limited (TSXV:AERO) completed the acquisition of Urano Energy Corp. (OTCPK:UECX.F). Aero Energy Limited (TSXV:AERO) entered into a definitive arrangement to acquire Urano Energy Corp. (OTCPK:UECX.F) for CAD 16.1 million on March 2, 2026. In a related transaction, Aero Energy also entered into an agreement to acquire Pegasus Resources Inc. On closing of the Transactions, shareholders of Urano will receive 0.2 common shares for each Aero share. Upon completion of the Transactions, the former shareholders of Urano will hold approximately 49.3% of the shares of the Combined Company, former shareholders of Pegasus will hold approximately 6.5% of the Combined Company Shares and the current shareholders of Aero will hold approximately 44.2% of the Combined Company Shares. The combined company is expected to continue under the name "Manhattan Uranium Discovery Corp." and trade on the TSX Venture Exchange under the symbol "MANU". In case of termination of transaction, seller will pay a termination fee of CAD 0.45 million.
The Combined Company's board of directors will be comprised of William Sheriff as Chairman, Galen McNamara, John Hamrick, Grace Marosits, and Garrett Ainsworth. The Combined Company will be managed by Galen McNamara as Chief Executive Officer, Carson Halliday as Chief Financial Officer, and Christian Timmins as Vice President Corporate Development.
The transaction is subject to approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, regulatory approval and subject to court approval. The deal has been unanimously approved by the board. Transaction is expected to close in late May 2026. The special meeting of the shareholders of Urano Energy will be held to approve the transaction on April 29, 2026. On April 29, 2026, the shareholders of Urano Energy Corp. approved the transaction. As of May 4, 2026, the Supreme Court of British Columbia granted a final order approving the arrangement. The arrangement remains subject to certain customary closing conditions and is expected to close on or about May 7, 2026.
Eventus Capital Corp. acted as financial advisor for Aero Energy Limited. Forooghian & Company Law Corporation acted as legal advisor for Aero Energy Limited. Morton Law LLP acted as legal advisor for Urano Energy Corp.
Aero Energy Limited (TSXV:AERO) completed the acquisition of Urano Energy Corp. (OTCPK:UECX.F) on May 7, 2026. Announcement • Mar 03
Aero Energy Limited (TSXV:AERO) entered into a definitive arrangement to acquire Urano Energy Corp. (OTCPK:UECX.F) for CAD 16.1 million. Aero Energy Limited (TSXV:AERO) entered into a definitive arrangement to acquire Urano Energy Corp. (OTCPK:UECX.F) for CAD 16.1 million on March 2, 2026. In a related transaction Aero Energy entered into an agreement to acquire Pegasus Resources Inc. On closing of the Transactions, shareholders of Urano will receive 0.2 common shares for each Aero share. Upon completion of the Transactions, the former shareholders of Urano will hold approximately 49.3% of the shares of the Combined Company, former shareholders of Pegasus will hold approximately 6.5% of the Combined Company Shares and the current shareholders of Aero will hold approximately 44.2% of the Combined Company Shares. The combined company is expected to continue under the name "Manhattan Uranium Discovery Corp." and trade under the symbol "MANU. In case of termination of transaction, seller will pay a termination fee of CAD 0.45 million.
The Combined Company's board of directors will be comprised of William Sheriff as Chairman, Galen McNamara, John Hamrick, Grace Marosits, and Garrett Ainsworth. The Combined Company will be managed by Galen McNamara as CEO, Carson Halliday as CFO, and Christian Timmins as VP Corporate Development.
The transaction is subject to approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, regulatory approval and subject to court approval. The deal has been unanimously approved by the board. Transaction is expected to close in late May 2026.
Eventus Capital Corp. acted as financial advisor for Aero Energy Limited. Forooghian & Company Law Corporation acted as legal advisor for Aero Energy Limited. Morton Law LLP acted as legal advisor for Urano Energy Corp. Announcement • Feb 28
Urano Energy Corp. Announces Passing of Director Jeananne Hauswald Urano Energy Corp. sadly reported the passing of Ms. Jeananne Hauswald. Ms. Hauswald served on the Board of Urano Energy with distinction, and unwavering support to the Company during a formative period of growth. Her guidance and commitment to strong governance and shareholder value were greatly valued by management and her fellow directors. The Board of Directors will consider the appointment of a new director in due course. In the interim, the Company confirms that it continues to meet all applicable corporate governance and audit committee requirements, and operations remain unaffected. New Risk • Dec 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.97m) 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$2.4m free cash flow). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.97m). Minor Risks Share price has been volatile over the past 3 months (20% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Dec 02
Urano Energy Corp. (OTCPK:UECX.F) entered into a binding letter agreement to acquire Pegasus Resources Inc. (TSXV:PEGA) for CAD 2.5 million. Urano Energy Corp. (OTCPK:UECX.F) entered into a binding letter agreement to acquire Pegasus Resources Inc. (TSXV:PEGA) for CAD 2.5 million on December 1, 2025. Pursuant to the Letter Agreement, Urano will on closing of the Proposed Transaction acquire all of the issued and outstanding Pegasus common shares from the Pegasus shareholders in exchange for units of Urano on the basis of for 0.7 Urano Units for every one (1) Pegasus Share (the "Exchange Ratio").
The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders, consummation of due diligence investigation and definitive agreement. Announcement • Nov 25
Urano Energy Corp., Annual General Meeting, Jan 29, 2026 Urano Energy Corp., Annual General Meeting, Jan 29, 2026. Location: british columbia, vancouver Canada New Risk • Nov 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$2.4m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (CA$16.6m market cap, or US$11.9m). New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$2.4m free cash flow). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (CA$15.3m market cap, or US$11.1m). New Risk • Aug 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.51m) 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.51m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Jul 08
Urano Energy Corp. Announces Board Changes Urano Energy Corp. announced the appointment of Mr. John Hamrick as a Director of the Board effective July 3, 2025. Mr. Hamrick is a metallurgical engineer with over 40 years of experience in metallurgy, environmental health and safety, permitting and licensing, and process optimization, with a focus on uranium, copper, and tungsten milling operations. He has a proven track record of improving metallurgical performance, enhancing environment, health and safety, meeting construction timelines and budgets, and achieving cost reductions through targeted process improvements. Mr. Hamrick has held senior leadership positions at notable organizations including Umetco Minerals Corporation, Energy Metals Corp., and Cotter Corporation, where he played a key role in advancing operational efficiency and regulatory compliance. He also served as Chairman of the Uranium Environmental Subcommittee of the National Mining Association, where he led industry engagement with federal regulators and presented proposed changes to the Environmental Protection Agency and Nuclear Regulatory Commission. In addition to his industry accomplishments, Mr. Hamrick has demonstrated long-standing interest in serving communities which includes serving as Cañon City Mayor Pro Tem, a city councillor, and chair or member of numerous boards and commissions. This deep community engagement enhances his ability to align operational goals with local priorities and public trust. He is also a published author on uranium site decommissioning and Western U.S. mining history. In conjunction with the appointment of Mr. Hamrick, Trey Wasser and Lori Walton will be stepping down from the Company's Board of Directors to transition into advisory roles. New Risk • Jun 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$14.7m market cap, or US$10.8m). Announcement • Jun 13
Urano Energy Corp. announced that it has received CAD 0.89999 million in funding On June 12, 2025. Urano Energy Corp. has closed the Transaction. Announcement • May 27
Urano Energy Corp. announced that it expects to receive CAD 0.7 million in funding Urano Energy Corp. announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.07 per unit for the gross proceeds of up to CAD 700,000 on May 26, 2025. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable into one common share at a price of CAD 0.10 per common share for a period of two years from the closing day of the private placement. The transaction is occur on or about June 6, 2025 or such other date or dates as the company may agree. The offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals including the approval of the Canadian Securities Exchange. The securities to be issued under the offering will have a hold period of four months and one day from the applicable closing date in accordance with applicable securities laws. New Risk • May 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$2.7m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.9m market cap, or US$9.33m). New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$10.3m market cap, or US$7.25m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Mar 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.45m) 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 Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.6m market cap, or US$9.45m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Mar 06
Urano Energy Completes Initial Review of Historical Uranium Reserves and Resources Urano Energy Corp. announced the completion of its initial review of historical uranium reserve and resource estimates for its Bachelor, Dulaney, and La Sal Creek uranium-vanadium ("U-V") projects in Colorado, which were part of the fifteen recently acquired uranium assets as previously announced in the Company's December 5, 2024. The three projects are located in the Uravan Mineral Belt and La Sal Creek District and have a history of production, containing historical estimates of uranium-vanadium reserves and resources. Highlights of the Colorado Properties with historical uranium and vanadium reserves: The deposits are hosted in the Saltwash Member of the Morrison Formation, a favorable host throughout the district; This preliminary evaluation covers approximately 5% of the acreage of the recently acquired 15 property package; The projects cover a total of 20 lode mining claims spanning 425 acres (1.72 square kilometers); The three Properties in this review host drilled out historical estimated uranium and vanadium reserves, plus additional historical resources; The Company has detailed reports and maps for the three Properties indicating the location and disposition of the historical uranium reserves and resources remaining after cessation of mining over 40 years ago; With the addition of over 477 thousand historical lbs. of uranium ("U3O8" reported for the three Properties, Urano's inventory of drilled out historical estimated uranium reserves includes approximately 7714 thousand lbs. of uranium including the Company's previously reported drilled out historical uranium reserves. The Company is continuing analysis and confirmation work to define additional historical uranium and vanadium reserves and resources across the portfolio of projects, all of which have been past producers. The Company has reports, drill hole and mine maps as well as reserves and resource estimates for a majority of the additional properties. Announcement • Dec 18
Urano Energy Appoints Kyle Kimmerle to the Board of Directors Urano Energy Corp, announced the appointment of Mr. Kyle Kimmerle as Director, effective December 12, 2024. Kyle Kimmerle has a deep understanding of underground and surface mining having been a miner for many years. He comes from a family with deep roots in the mining industry of Southeastern Utah. His family has been involved in the region's mining activities for over 90 years, beginning with his great-grandfather, who established and operated a vanadium mill and several nearby mines at Cottonwood Creek in the 1930's.Mr. Kimmerle currently serves as the Managing Member of Kimmerle Mining LLC, a company that holds significant mineral property interests in the region. He is also the President of Three Step Resources Inc., a contract mining company that is actively engaged in uranium production in Utah. With extensive experience in mine operations, permitting, and a thorough understanding of the Colorado Plateau deposits, Mr. Kimmerle offers invaluable local expertise, a deep understanding of all aspects of underground mining and a wealth of historical data on the region's uranium and vanadium occurrences. Board Change • Dec 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jeananne Hauswald was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 06
Urano Energy Corp. (OTCPK:UECX.F) completed the acquisition of Mineral claims and mining leases in Utah and Colorado. Urano Energy Corp. (OTCPK:UECX.F) agreed to acquire Mineral claims and mining leases in Utah and Colorado for $11.12 million on November 27, 2024. Urano Energy Corp will pay a cash consideration of $0.75 million at closing, with an additional $1.01 million in earnout payments to be made on each anniversary of the transaction until the fifth anniversary, totaling approximately $5.05 million. The consideration also includes common equity of Urano Energy Corp valued at $1.3 million, to be issued at closing, along with $0.8 million in earnout equity issued annually on each anniversary of the transaction until the fifth anniversary, totaling approximately $4 million. Furthermore, vendors are entitled to a bonus payment of $0.15 million if Urano successfully completes a preliminary economic assessment on the properties acquired from them. Urano's payment obligations are secured by a limited recourse promissory note, which permits the properties to revert to the sellers if Urano fails to make payments, without further recourse against Urano. Additionally, Urano has granted the sellers a 1% gross royalty on all uranium and a 10% net smelter returns royalty on all vanadium produced from their respective properties. The expected completion of the transaction is December 2, 2024.
Urano Energy Corp. (OTCPK:UECX.F) completed the acquisition of Mineral claims and mining leases in Utah and Colorado on December 5, 2024. Announcement • Oct 07
C2C Metals Corp., Annual General Meeting, Dec 05, 2024 C2C Metals Corp., Annual General Meeting, Dec 05, 2024. Location: british columbia, vancouver Canada New Risk • Aug 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.8m (US$9.97m) 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 Earnings have declined by 73% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.8m market cap, or US$9.97m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Announcement • Apr 05
C2C Metals Corp. announced that it expects to receive CAD 1 million in funding C2C Metals Corp. announced a non-brokered private placement to issue 5,882,353 units at an issue price of CAD 0.17 per unit for the gross proceeds of CAD 1,000,000.01 on April 4, 2024. Each Unit will consist of one common share and one half of one common share purchase warrant. Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of CAD 0.25 for a period of 24 months following the issue date of the Unit. The closing of the Offering is subject to receipt of all necessary regulatory approvals including the Canadian Securities Exchange (the "CSE"). Finder's fees will be payable in accordance with the policies of the CSE. The securities issued under the Offering will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws. Announcement • Feb 02
C2C Metals Corp. Appoints Doug Underhill as Chief Geologist C2C Metals Corp. reported the appointment of Dr. Doug Underhill as Chief Geologist and Qualified Person for the Company. Dr. Underhill provides C2C with exceptional geological strength as the Company expands into conventional uranium exploration in the southwest United States. Dr. Underhill is a consulting economic geologist with 50 years of international experience with natural resource exploration, development and analysis including 40 years with a specific emphasis on uranium. He is an internationally recognized uranium expert, with broad based knowledge in all phases of both commercial and International Atomic Energy Agency ("IAEA") uranium programs. His specialties range from world uranium geology and resources, resource estimation, ISL technology, through preparation of NI 43-101 Technical Reports. Dr. Underhill previously served as the Qualified Person for enCore Energy Corp., holds a PhD Geology from McMaster University (Ontario, Canada); an MBA from Colorado State System (USA); an MSc Geology from McGill University (Montreal, Canada); and a BA Geology from the University of Connecticut (USA). He has made presentations on uranium resources, production and supply-demand on five continents, and advised governments, including the USA, Australia and China, on uranium resources and production technology. Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Eric Keller was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 22
C2C Gold Corp. announced that it has received CAD 0.95 million in funding On December 21, 2023 C2C Gold Corp closed the transaction. The company issued 23,750,000 Units at an issue price of CAD 0.04 per Unit for gross proceeds of CAD 950,000. Each Unit consists of one common share and one half warrant at exercise price of CAD 0.06 per share with an expiry date of 24 months from the closing date. The company has paid finder’s fees of CAD 50,400 and 1,225,000 broker warrants. Each broker’s warrant is exercisable into one Common Share at a price of CAD 0.06 per share for a period of two years from the closing date. PowerOne Capital Markets Limited acted as a finder in connection with a portion of the Offering. Announcement • Dec 06
C2C Gold Corp. announced that it expects to receive CAD 0.75 million in funding C2C Gold Corp. announced a non-brokered private placement of 18,750,000 units at a price of CAD 0.04 per unit for proceeds of up to CAD 750,000 on December 5, 2023. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable into one common share at a price of CAD 0.06 per common share for a period of two years. The company may pay finders' fees in connection with all or part of the offering. The private placement is subject to the rules of the Canadian Securities Exchange. Announcement • Oct 21
C2C Gold Corp., Annual General Meeting, Dec 20, 2023 C2C Gold Corp., Annual General Meeting, Dec 20, 2023. New Risk • Aug 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$1.2m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.85m market cap, or US$4.30m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • Jul 12
C2C Gold Corp. Acquires Golden Nugget Project C2C Gold Corp. announced it has entered into an option agreement for 100% of the Golden Nugget Property, located on New World Island in Canada's Newfoundland. This Project lies immediately adjacent to the Company's Dunnage Project which includes an outcropping quartz vein containing visible gold, arsenopyrite and stibnite returned 120 g/t gold (C2C NR Sept. 12, 2022). The Golden Nugget Property comprises 9 mineral licenses covering approximately 20 km2, and is located approximately 90 km north of Gander, NL. This acquisition is in keeping with C2C Gold's strategy to acquire advanced drill ready projects while evaluating and advancing key projects from within the Company's significant land holdings. Golden Nugget Project Highlights. The Big Oz showing - 29.2 g/t gold over 2.5m, including 87.0 g/t gold over 0.8m, and 27.9 g/t gold over 1.22m; The Gina showing - 49.0 g/t gold Over 0.3 m, and 18.8 g/t gold over 0.,3 m; The Red Fox Showing - a visible gold discovery in a strongly altered and silicified dyke within the Dunnage Melange;. Airborne geophysics completed in 2022, with analysis reports by GoldSpot Discoveries;. Extensive prospecting, geological and structural analysis, with rock and soil sampling campaigns by prior operators have identified a number of drill ready targets, including at least five separate occurrences of visible gold. The Golden Nugget Project is within a 30 km belt along a major structural corridor in northeastern Notre Dame Bay. Based on mineralization and lithologies, two different trends have been defined by Rubicon Minerals Corporation: The New World Trend (NWT): This is a 15 km long structural-stratigraphic contact zone between siliciclastic turbidites (Caradocian and Badger Group) and the Dunnage Melange. The NWT is exposed along the southern shore of New World Island and in small islands within Dildo Run. Mineralization is often found as arsenopyrite, pyrite, and gold, related to alteration of felsic dykes, sedimentary and mafic rocks. Also, pyrite, arsenopyrite, and visible gold are found within quartz-carbonate veins, which cut sedimentary and mafic rocks. Announcement • Feb 17
Klondike Gold Corp. (TSXV:KG) entered into Property acquisition agreement to acquire 689 mining claims located in the Dawson mining district, Yukon, Canada from C2C Gold Corp. (OTCPK:CTCG.F) for CAD 0.11 million. Klondike Gold Corp. (TSXV:KG) entered into Property acquisition agreement to acquire 689 mining claims located in the Dawson mining district, Yukon, Canada from C2C Gold Corp. (OTCPK:CTCG.F) for CAD 0.11 million on February 16, 2023. Issuance of 1 million common shares of Klondike Gold Corp. to C2C and the granting to C2C of a 1% net smelter returns royalty in respect of C2C's Quartz and Sulphur properties, of which Klondike Gold may purchase one-half of the NSR Royalty (being a 0.5% NSR Royalty) from C2C for cash in the amount of $500,000 at any time. The Quartz and Sulphur properties each have underlying 2% NSR Royalty obligations where Klondike Gold has the right to purchase one-half (or 1%) of each NSR Royalty for one million dollars ($1,000,000) cash and has a right of first refusal to purchase the remaining 1%. The Property Acquisition Agreement is subject to final approval of the TSX Venture Exchange. Announcement • Jan 13
C2C Gold Corp. announced that it expects to receive CAD 1 million in funding C2C Gold Corp. announced non-brokered private placement of units at a price of CAD 0.05 per unit for aggregate gross proceeds of a minimum of CAD 0.5 million and up to maximum of CAD 1.0 million on January 12, 2023. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant shall entitle the holder to acquire an additional common share at a price of CAD 0.10 for a period of 24 months following the closing of the offering. The closing may occur in one or more tranches with the final tranche expected to occur on or before February 11, 2023 The transaction is subject to all necessary regulatory approvals. Announcement • Sep 21
C2C Gold Corp. Announces Chief Financial Officer Changes C2C Gold Corp. announced the appointment of Doris Tam as Chief Financial Officer effective October 1, 2022. Ms. Tam has over 20 years of progressive finance experience across several publicly traded companies, ranging from financial reporting, financial planning and analysis, and system implementation and treasury. She started her professional career at PricewaterhouseCoopers and was most recently the Chief Accounting Officer at Halo Collective Inc., where she was responsible for financial reporting under IFRS. Prior to Halo Collective Inc., she was the Corporate Controller at Namaste Technologies Inc. Her previous experience also includes five years at Samuel, Son & Co., Limited and seven years at Nortel Networks Corporation. She holds a Bachelor of Commerce degree from the University of Toronto and is qualified as a Certified Public Accountant in the United States. Camille Zhou will step down from her position after a transition period working together with Ms. Tam and the leadership team. Announcement • Sep 10
C2C Gold Corp., Annual General Meeting, Nov 08, 2022 C2C Gold Corp., Annual General Meeting, Nov 08, 2022. Board Change • Jul 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Rich Goldfarb was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 01
C2C Gold Corp. Appoints Peter Bures as Chief Executive Officer, Effective July 1, 2022 C2C Gold Corp. announced that Peter Bures, an industry expert focused on the precious metals, mining, and royalty sectors and a member of the Board of Directors at C2C Gold for three years, has been appointed, effective July 1, 2022, to serve as the Chief Executive Officer (CEO). Mr. Bures brings over 25 years of Canadian and US capital markets experience, with focused expertise on the precious metals, mining, and royalty sectors. He started his career at a top-tier global gold producer in Timmins, followed by ten years in sell-side research with various firms in Toronto and New York. In 2007, he transitioned as an associate portfolio manager to the buy-side working alongside a top-ranked precious metals portfolio manager. He further refined his skillset working in institutional equity sales in New York and additionally broadened his experience by covering royalty and streaming companies as an analyst at Canaccord. In 2013, Mr. Bures founded his own consulting firm which continues to operate to this day and has helped to bring a number of companies public, including Star Royalties, where he was most recently co-founder and Chief Business Development Officer. He continues to advise to the mining sector and is on several advisory boards and holds a number of directorships. Mr. Bures holds a Bachelor of Applied Science degree (geological and mineral engineering) from the University of Toronto. Announcement • Jun 28
C2C Gold Corp. (OTCPK:CTCG.F) acquired The Rock Gold Corp. C2C Gold Corp. (OTCPK:CTCG.F) entered into a share purchase agreement to acquire The Rock Gold Corp for CAD 2.3 million on June 10, 2022. Pursuant to the share purchase agreement, the Company has agreed to issue a total of 12,250,000 common shares of the Company to the shareholders of Rock Gold on a pro rata basis. As consideration for the common shares of Rock Gold, the Company will issue to the shareholders of Rock Gold one C2C share for every two Rock Gold shares. C2C shares that will be issued to the directors and officers and consultants of Rock Gold will be subject to escrow provisions such that 25% of the shares will be released immediately and 25% of the shares will be released every four months thereafter. The transaction with Rock Gold was unanimously approved by the board of C2C. Effective immediately Janet Lee-Sheriff has resigned from the Board of Directors and will remain as Chief Executive Officer on an interim basis while William M. Sheriff has been appointed as a director of the C2C Gold Corp.
C2C Gold Corp. (OTCPK:CTCG.F) acquired The Rock Gold Corp. on June 27, 2022. Announcement • Jun 08
C2C Gold Corp. Commences Work At South Tally Project, Central Newfoundland Gold Belt C2C Gold Corp. announced the commencement of the 2022 exploration season with the initial work being conducted on the South Tally project. An airborne drone geophysical survey, now underway, will provide a high-resolution survey which the technical team will utilize to map the surface and identify structures in the subsurface. The survey, instrumental to determining the geometry end extent of fault zones and host rocks, provides a valuable tool in areas with till cover that may be obscure quartz and gold outcrops. Commencement of additional exploration work on C2C projects is planned across other projects. Announcement • Apr 22
C2C Gold Corp. Announces Executive Changes C2C Gold Corp. announced that, effective immediately, Lori Walton has resigned for personal reasons from her position as Chief Executive Officer. Janet Sheriff, C2C's Executive Chair, has been appointed Interim Chief Executive Officer noting the Board of Directors has established an Executive Search Committee to select a new Chief Executive Officer. Ms. Walton will continue to serve as a Director of the Company and as a consultant to provide essential continuity as the Company advances its gold exploration projects in Newfoundland, Canada. Announcement • Feb 25
C2C Gold Corp. announced that it expects to receive CAD 1.5 million in funding C2C Gold Corp. announced a non-brokered private placement of units and flow-through units at a price of CAD 0.18 per unit and CAD 0.22 per flow-through unit for combined gross proceeds of up to CAD 1,500,000 on February 24, 2022. Each unit and flow-through unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable into one non-flow through common share at a price of CAD 0.25 per common share for a period of two years. The company may pay finders’ fees in connection with all or part of the transaction. The private placement is subject to the rules of the Canadian Securities Exchange. Announcement • Jan 15
C2C Gold Corp. Announces the Discovery of Visible Gold in Quartz Vein Float At Its Millertown Property in the Central Newfoundland Gold Belt C2C Gold Corp. announced the discovery of visible gold in quartz vein float at its Millertown property in the Central Newfoundland Gold Belt. The previously undocumented showing, now named the Atlas Zone, is easily accessible being located one kilometer from the Buchans Highway and 16 km south of the town of Badger. Visible gold was noted in quartz vein float samples that returned up to 5.37 g/t gold; The Atlas Zone lies 2.5 km southwest along strike with the Jaclyn gold deposit (owned and operated by Great Atlantic Resources Corp.); Metallic screen analysis of Atlas Zone rock samples is underway, and results of reconnaissance soil sampling are pending; The Atlas Zone is prioritized for follow-up fieldwork including drilling. The Atlas Zone was identified as an area of interest based on C2C’s interpretation of regional geology, geophysical data, and proximity to known gold deposits. Recent logging, and a historic bush fire which removed vegetation and exposed a group of four large quartz vein boulders up to 1 m x 1 m x 0.5 m. An initial grab sample from the quartz boulder train returned 5.0 g/t gold. Follow-up prospecting in late November uncovered additional quartz vein boulders. In one of the boulders specks of visible gold, trace arsenopyrite, and pyrite are distributed within a narrow alteration halo along crack-seal surfaces. The quartz boulders at the Atlas Zone were discovered within a 200 m wide, south-southwest trending corridor extending from Great Atlantic Resource Corp.’s Jaclyn Main Zone quartz veins. The Jacklyn Main Zone has an Inferred Resource of 357,500 tonnes at 10.4 g/t gold containing 119,000 gold ounces (uncapped). A historical soil grid by Rubicon Minerals ended 200 m northeast of the Atlas Zone and detailed soil sampling was never completed in this area. Bedrock at the Atlas Zone is covered by overburden, but historical mapping indicates the underlying bedrock is Caradocian-age black shale. This unit is commonly associated with gold-bearing quartz veins in this area. The relationship between the quartz boulders and underlying host rock is unknown at this time due to overburden cover and limited exposure; however, the Atlas zone is along strike and up-ice from the Jaclyn gold deposit. Concurrent with prospecting, two soil sample reconnaissance lines were placed over the Atlas zone. The results of the soil sample program are pending. Metallic Screening Analysis: Five quartz vein rock samples were submitted to ALS Global in Moncton, NB for analysis. The sample with visible gold returned a gold assay of 5.3 g/t and the remaining samples were below detection. The five samples will be re-analyzed using screen metallic techniques. Screen metallic analysis identifies the distribution of gold between the coarse and fine grain components of the sample, generally 75um and 106um, respectively. Typically, 1,000 g splits are processed for the analysis to ensure the material is representative of the sample. Screen metal analyses are commonly used to analyse quartz vein samples with coarse-grain gold that may not have a homogenous distribution within the sample. The analytical technique is considered to provide the most representative analysis of gold concentration in coarse-grain gold systems. Announcement • Dec 10
C2C Gold Corp. Commences Trenching Program at the Lake Douglas Gold Project, Newfoundland C2C Gold Corp. announced the company has commenced an excavator trenching program at its Lake Douglas property, located in the Central Newfoundland Gold Belt. The trenching program follows successful prospecting, rock sampling, and geological mapping activities focused on the northwest part of the Lake Douglas property. Lake Douglas Property: The Lake Douglas property (21.75 km2) covers a section of the Valentine Lake Shear Zone, on-strike with the Valentine Gold Project. Marathon Gold’s Valentine Gold Project is located 15 km to the southwest on the same structural trend. The Lake Douglas property is also located less than 5 km on-strike from a number of gold prospects on adjacent mineral claims being explored by Canterra Minerals Corporation. Among the prospects located on Canterra’s adjacent property are several gold in bedrock targets, where previous drilling returned intercepts of 10.0 g/t Au over 5.35 m core length, including 49.9 g/t Au over 0.98 m.1 The Lake Douglas property is part of C2C’s joint venture with Buchans Resources Limited (“Buchans”). Buchans completed a soil sampling program in 2018 at the Lake Douglas property. Several multi-line gold anomalies ranging up to 200 m in length with anomalous values up to 317 ppb gold were identified. Announcement • Aug 19
C2C Gold Corp. Announces Completion of Central Newfoundland Phase 1 Soil Sampling Program and Receipt of Drilling Permits C2C Gold Corp. provided an update on exploration activities across the Company's Newfoundland projects which include: A total of 12,000+ soil samples and 120 rock samples were collected from the Badger, Millertown and Barrens Lake properties; A 9,720 line km high resolution aeromagnetic VLF-EM airborne survey and LIDAR (light detection remote sensing survey); receipt of drill permits and a contract for a dedicated reverse circulation drill for the Badger, Millertown, and Barrens Lake properties; Confirmation of funding from the Government of Newfoundland & Labrador's Junior Exploration Assistance Program. Additionally, the Company is presently compiling data and preparing for field programs on the new South Tally and Lake Douglas properties. A GT Probe Program is scheduled at the Millertown and Barrens Lake projects. Soil and Rock Geochemistry Fieldwork: A total of 12,653 soil samples have been collected to date from the Badger (941 soil samples), Millertown (8,436 soil samples), and Barrens Lake (3,276 samples) properties by a locally hired and trained soil sampling crew from GroundTruth Exploration. Soil grid locations were selected based on structure, prior till or soil sampling, rock lithology, and access. A total of 120 rock samples are collected to date from the Company's properties. Phase Two soil sampling and surface fieldwork will largely focus on the Company's new South Tally and Lake Douglas properties. Further information on sampling and laboratories will be provided when results are available. Airborne Geophysical Surveying and LIDAR Survey: The Company has received permits and contracted Terraquest Ltd. to begin a 9,720 line km, fixed-wing, high resolution aeromagnetic gradiometer and digital VLF-EM survey over the Badger, Millertown, and Barrens Lake properties. The survey will highlight geologic structures that will allow for more precise targeting of potential drill targets by better understanding the deep crustal structures, splay and relay faults, and folds that underlie the region. A LIDAR survey over the Badger, Millertown, and Barrens Lake properties has commenced and will provide supplementary information on regional and local geologic structures. Drill Permits and Planned Drill Program: Drill permits for reverse circulation and diamond drilling are received for the Badger, Millertown, and Barrens Lake properties. Additionally, a contract has been approved for a dedicated low-impact reverse circulation Scout drill rig to provide a cost-effective and efficient initial evaluation of mineralization. The scope and details of the drill programs will be determined after receipt and interpretation of geochemical, GT Probe, and airborne surveys. Applications for drill permits for the South Tally and Lake Douglas properties will be submitted after the Company's data compilation and initial fieldwork are completed. GT Probe Program: The GT Probe is a low-impact, remotely operated device on rubber tracks that drives a two to four meter hole through the soil profile to the bedrock interface with samples collected from the final 30 cm of the hole. The GT Probe is a cost-effective intermediate step between soil sampling and drilling and provides real-time analysis through an onsite XRF technician before the samples are sent for analysis. Announcement • Jun 17
C2C Gold Corp. (OTCPK:CTCG.F) acquired Rocky Pond and Burnt Lake gold properties in Central Newfoundland Gold Belt for $0.29 million. C2C Gold Corp. (OTCPK:CTCG.F) acquired Rocky Pond and Burnt Lake gold properties in Central Newfoundland Gold Belt for $0.29 million on June 16, 2021. The consideration is for $70,000 cash and the issuance of 700,000 common shares upon signing. The vendor retains a 2% net smelter return royalty of which C2C can purchase 1% at any time for $1,500,000. The purchase agreement is subject to exchange approval.
C2C Gold Corp. (OTCPK:CTCG.F) completed the acquisition of Rocky Pond and Burnt Lake gold properties in Central Newfoundland Gold Belt on June 16, 2021. Announcement • Jun 11
C2C Gold Corp. Commences 2021 Field Exploration Program C2C Gold Corp. announced the commencement of its 2021 field exploration program across its extensive land package in the Central Newfoundland Gold Belt. Fieldwork will consist of two phases and is expected to last seven months. The Phase One program, now underway, is focused on innovative surface exploration techniques, LIDAR and airborne geophysical surveys, GTProbe sampling and rock sampling. Results from Phase One will delineate high priority targets for Phase Two which will include a focused drill program. Exploration work will focus on the Badger, Millertown and Barrens Lake properties acquired from prospector Shawn Ryan. In addition, historical gold showings on C2C’s new acquisitions, Tom Joe, Rocky Pond, and Jumpers Brook will be sampled and evaluated. Announcement • Jun 02
C2C Gold Corp. (OTCPK:CTCG.F) entered into an agreement to acquire Jumpers Brook Gold Project in the Central Newfoundland Gold Belt from Sokoman Minerals Corp. (TSXV:SIC) for CAD 0.3 million. C2C Gold Corp. (OTCPK:CTCG.F) entered into an agreement to acquire Jumpers Brook Gold Project in the Central Newfoundland Gold Belt from Sokoman Minerals Corp. (TSXV:SIC) for CAD 0.3 million on June 1, 2021. The consideration consists of CAD 0.07 million cash and the issuance of 0.6 million common shares. The vendor retains a 2% net smelter return royalty of which C2C Gold Corp. can purchase 1% at any time for CAD 1 million. The purchase agreement is subject to exchange approval. Executive Departure • Jun 02
CFO & Secretary has left the company On the 1st of June, Scott Davis' tenure as CFO & Secretary ended after 1.2 years in the role. We don't have any record of a personal shareholding under Scott's name. Scott is the only executive to leave the company over the last 12 months. Announcement • May 28
C2C Gold Corp. (OTCPK:CTCG.F) entered into an agreement to acquire Tom Joe and Rocky Brook properties for CAD 0.11 million. C2C Gold Corp. (OTCPK:CTCG.F) entered into an agreement to acquire Tom Joe and Rocky Brook properties for CAD 0.11 million on May 27, 2021. consideration is $25,000 cash and the issuance of 200,000 common shares upon signing. The vendor retains a 2% net smelter return royalty of which C2C can purchase 1% at any time for $500,000. The purchase agreement is subject to exchange approval. Announcement • May 12
C2C Gold Corp. announced that it has received CAD 2.632 million in funding from 2176423 Ontario Ltd. and other investors On May 11, 2021, C2C Gold Corp. (OTCPK:CTCG.F) closed the transaction. The transaction included participation from one director of the company for 650,000 units for proceeds of CAD 104,000. The transaction included participation from Eric Sprott through 2176423 Ontario Ltd. for 11,000,000 units for the gross proceeds of CAD 1,760,000. ?The company paid finders fees CAD 122,720 and 288,000 broker warrants, each exercisable into one common share at a price of $0.16 per share for a period of two years from the issuance date. Announcement • May 08
C2C GOLD CORP. Announces Receipt of Exploration Permits for Newfoundland Projects C2C GOLD CORP. announced the timely receipt of surface exploration approvals for the 2021 summer field season from the Department of Natural Resources, Newfoundland and Labrador. The exploration approvals for the Badger, Millertown and Barrens Lake properties apply to surface fieldwork including geochemical surveys, ground geophysics, LIDAR and UAV surveys, airborne geophysics, camp establishment and prospecting. The Company intends to focus initial exploration efforts to aggressively advance high-priority gold targets to the drill stage. Announcement • Apr 29
C2C Gold Corp. (OTCPK:CTCG.F) acquired 523 claims in Badger, Millertown and Barrens Lake. C2C Gold Corp. (OTCPK:CTCG.F) acquired 523 claims in Badger, Millertown and Barrens Lake in December, 2020.
C2C Gold Corp. (OTCPK:CTCG.F) completed the acquisition of 523 claims in Badger, Millertown and Barrens Lake in December, 2020. Announcement • Mar 03
C2C Gold Corp. (OTCPK:TAKU.F) acquired Two New, Highly Strategic Mineral Licenses (186 claims) Covering 46.5 sq km. C2C Gold Corp. (OTCPK:TAKU.F) acquired Two New, Highly Strategic Mineral Licenses (186 claims) Covering 46.5 sq km on March 1, 2021. The licenses were acquired by staking.
C2C Gold Corp. (OTCPK:TAKU.F) completed the acquisition of Two New, Highly Strategic Mineral Licenses (186 claims) Covering 46.5 sq km on March 1, 2021. Announcement • Feb 03
C2C Gold Corp. (OTCPK:TAKU.F) acquired 916 Claims in The Prolific Central Newfoundland Gold Belt. C2C Gold Corp. (OTCPK:TAKU.F) acquired 916 Claims in The Prolific Central Newfoundland Gold Belt on February 2, 2021. With this transaction The Badger property extends for 28 km south of the RIL, the Millertown and Barrens Lake projects each extend 40 km and 25 km respectively. Cumulatively, the three properties trend northeast for 100 km parallel to the RIL.
C2C Gold Corp. (OTCPK:TAKU.F) completed the acquisition of 916 Claims in The Prolific Central Newfoundland Gold Belt on February 2, 2021. Announcement • Dec 10
C2C Gold Corp. Appoints Shawn Ryan as Technical Advisor C2C Gold Corp. announce the appointment of Shawn Ryan, 2011 recipient of PDAC's Prospector of the Year, as Technical Advisor to the Company. Shawn has over 20 years of experience prospecting gold across the Yukon and has been rapidly expanding his prospecting in Canada's Newfoundland. A global leader in his field, his prospecting and specialization on advanced soil geochemical work led to the discovery of the millions of gold ounces including the Golden Saddle &Arc, Coffee, and QV gold resources. Announcement • Nov 26
Taku Gold Corp. Provides Details on Newfoundland Gold Projects Taku Gold Corp. provided project details following the acquisition of three gold exploration projects in the Central Newfoundland Gold Belt. The three properties cover more than 493 square km and are host to numerous gold-in-till and gold-in-soil anomalies occurring with coincident geophysical anomalies. The Company’s projects extend over more than 50 km along prospective strike situated between: Marathon Gold Corporation’s Valentine Gold Project (includes Proven and Probable Mineral Reserves of 1.87 Moz: 41.05 Mt at 1.41 g/t gold) to the southwest; Great Atlantic Resources Corp.’s Jaclyn Zone Deposit (119,900 oz @ 10.4 g/t gold) to the north; Sokoman Minerals Corp.’s Moosehead project (33.6 g/t gold over 24.9 m) to the east. Newfoundland Projects – Regional Overview: Newfoundland has long been known to have a large number of gold occurrences with relatively little modern exploration. Historical production from the Hope Brook, Nugget Pond, and Point Rousse projects have been typical of the island’s mines with relatively modest production from high grade deposits. More recently important significant drill intersections such as those at New Found Gold Corp. (22.3 g/t gold over 41.3 m)4 and those contributing to the growing resource at Marathon Gold Corp’s Valentine Deposit have raised the status of the area to that of a premier gold exploration jurisdiction. These continued positive results have given rise to extensive staking and expanded land holdings within Newfoundland’s Central Gold Belt giving rise to a modern-day gold rush. Taku Gold Project Overview: The three properties, Millertown, Badger and Barrens Lake total 1,974 claims providing the Company with a large land position in Newfoundland. These projects were selected based on gold-in-till and gold-in-soil anomalies combined with favorable rock types, geophysics and structural interpretation. The projects are located in the Central Gold Belt of Newfoundland, situated within the Exploits Subzone of the broader Dunnage tectonostratigraphic zone. A series of faults representing a deep crustal suture zone known as the Red Indian Line (RIL) marks the northwestern boundary of the Exploits Subzone. The properties are located in a regional northeast trending structural trend bound to the northwest by the RIL and to the south by the Valentine Lake Shear Zone that is host to orogenic-style epizonal, structurally-controlled gold-bearing quartz veins and stockworks. Companies working on active gold projects within this belt and the broader Exploits Subzone have noted the similarity in geological setting and character with both the Abitibi greenstone belts in Ontario and Quebec, Canada and the Bendigo-Fosterville deposits in Australia. Government reports enhanced by work completed by prospectors and public companies have shown, in many instances, gold-in-till anomalies are related to underlying gold-in-soil anomalies which are more directly linked to underlying bedrock gold occurrences. All three properties are at an early stage of exploration with till, lake and stream samples, limited soil samples and some geophysics having been completed in the past. The Company is in the process of compiling all available data to plan a large work program including extensive and detailed soil sampling and detailed mapping to better understand the structural geology for all three projects in order to select potential drill targets. Further details will be outlined when fully developed. Exploration in the area is facilitated by an existing road network and towns to provide accommodation and services. Badger Property: The Badger property is located 7 km from the community of Badger and is proximal to Great Atlantic Resources’ Golden Promise property, host to the Jaclyn gold deposit. The Trans-Canada Highway provides general access to the Badger area which hosts a network of Forest Service Roads. The property is made up of four licenses holding 712 mineral claims. The Badger property covers anticlinal structures, as indicated by government bedrock geology maps and aeromagnetic geophysical surveys. The Caradocian graphitic black shale sequence is a useful marker to define the fold structure underlying the Badger and the other Taku properties. A limited amount of historical base metal exploration was conducted on the Badger property, mainly for copper and nickel associated with gabbro sequences. Historical government and company till sampling over the Badger property shows gold-in-till anomalies on the Badger property associated with regional anticline and syncline structures. Millertown Property: The Millertown property is located less than 10 km from the towns of Millertown and Buchans Landing and 60 km from the larger town of Grand Falls-Windsor. Access to the Millertown property is through a series of Forest Service Roads and is made up of six licenses holding a total of 908 mineral claims. The Millertown property has seen limited historical mineral exploration. Regional till sampling shows multi-element gold, antimony, arsenic, and lead anomalies. Soil sampling by the vendor has established areas of anomalous gold-in-till and gold-in-soil coincident with structures identified from geophysics. Although these areas offer potential drill targets, the Company anticipates conducting soil sampling and mapping in larger areas to identify the priority drill targets across the entire property.
Barrens LakeProperty
The Barrens Lake Property is located 12 km southwest from the Millertown property with existing road access to the 354 mineral claims. There are no recorded mineral occurrences on the Barrens Landing property however government till sampling shows anomalous gold-in-till samples trending across the Barrens Lake property. Announcement • Nov 06
Taku Gold Corp announced that it expects to receive CAD 1 million in funding Taku Gold Corp (OTCPK:TAKU.F) announced a private placement of up to 10,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,000,000 on November 4, 2020. Each unit will consist of one common share and one-half of one share purchase warrant. Each full warrant is exercisable at a price of CAD 0.15 per share for a period of two years. The company may pay finder’s fees of 6% in cash and 6% in finder’s warrants on all or a portion of the offering. Each finder’s warrant will entitle the holder to acquire one unit at a price of CAD 0.10 per unit. All securities issued pursuant to the transaction will be subject to a four-month hold period, in accordance with applicable securities laws. The transaction is subject to completing required filings with the Canadian Securities Exchange. Announcement • Aug 06
Engineer Gold Mines Ltd. (TSXV:EAU) entered into an agreement to acquire TAG property of Taku Gold Corp (OTCPK:TAKU.F) for CAD 1.3 million. Engineer Gold Mines Ltd. (TSXV:EAU) entered into a memorandum of understanding to acquire TAG property of Taku Gold Corp (OTCPK:TAKU.F) for CAD 1.3 million on August 4, 2020. Under the terms of the transaction, Engineer Gold Mines Ltd. will pay CAD 0.2 million in cash, with CAD 0.1 million already received and an additional CAD 0.1 million due on or before November 30, 2020; 2 million common shares of Engineer within five days of applicable stock exchange approvals of a definitive agreement; CAD 0.25 million in advance royalty payments over ten years, payable in cash or shares; CAD 0.5 million payment upon on completion of a Preliminary Economic Assessment or Feasibility Study that includes mineral resources located within the Property; and a 1% net smelter return royalty, which can be purchased by Engineer Gold Mines Ltd. for CAD 1 million. The transaction is subject to completion of a definitive agreement. Taku Gold and Engineer expect to complete a definitive agreement on or before August 31, 2020. 
