Spanish Mountain Gold Ltd - Mining Stock Analysis & Updates
Latest News and Market Performance for Spanish Mountain Gold Ltd
Perm ID: 1-4296034985
https://www.spanishmountaingold.com/
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Spanish Mountain Gold Lists on the OTCQB Venture Market
Spanish Mountain Gold Ltd. announces its stock will trade on the OTCQB under the symbol "SPAZF," enhancing visibility for U.S. investors. The company plans a 2025 drill program and aims for a construction decision for its gold project by 2027.
Spanish Mountain Gold Engages Red Cloud Financial Services
Spanish Mountain Gold Ltd. has engaged Red Cloud Financial Services for media and marketing, pending TSXV approval. The six-month contract, costing $60,000, aims to enhance the company's profile as it advances its gold project in British Columbia.
Spanish Mountain Gold Provides Project Update and Announces 2025 Exploration Drill Program
Spanish Mountain Gold Ltd. updates on its SMG Project in British Columbia, aiming for a build decision by 2027. The company plans to complete a new Mineral Resource Estimate and Preliminary Economic Analysis in H1 2025, with new exploration targets identified.
Spanish Mountain Gold Announces New Power Line to Site is Advancing
Spanish Mountain Gold Ltd. has begun Stage 2 of its System Impact Study with BC Hydro for a new power line to supply 60 MW of renewable hydroelectric power to its project in British Columbia, aiming for a sustainable energy source and project enhancements by 2027.
Spanish Mountain Gold Intercepts Continuous Mineralization
Spanish Mountain Gold Ltd. announced positive results from its 2024 drill program at the Spanish Mountain Gold project in British Columbia. Notable findings include hole 24-DH-1268 with 96.5 m at 0.91 g/t Au, and high-grade intervals. Other holes also showed significant gold grades.
Spanish Mountain Gold Provides Additional 2024 Drill Program Results
Spanish Mountain Gold Ltd. announced promising results from its 2024 drill program at the Spanish Mountain Gold project in British Columbia, highlighting significant gold intercepts. The findings suggest potential resource expansion and mineralization growth opportunities.
Spanish Mountain Gold Announces the Closing of Private Placements for Gross Proceeds of C$8.3 Million
Spanish Mountain Gold Ltd. has closed its previously announced brokered and non-brokered private placements, raising aggregate gross proceeds of C$8.3 million. In the brokered offering, the company raised C$7.5 million, which included the full exercise of the agent's over-allotment option. This involved issuing 20,553,000 units and 18,118,000 flow-through share units. Additionally, 9,585,000 flow-through share units were sold to charitable purchasers. In the non-brokered offering, the company raised approximately C$800,000 by issuing 5,925,926 units. Each unit includes a common share and a purchase warrant, enabling the holder to acquire an additional common share
Spanish Mountain Gold Provides Update on Financing
Spanish Mountain Gold Ltd. has provided an update on its brokered private placement for a gross proceeds of up to C$6,500,000. The terms of the charity flow-through units were amended and will consist of one flow-through share and one common share purchase warrant. Each warrant can purchase one additional common share of the company at a price of $0.18 per share for two years from issuance. The Brokered Offering is set to close around November 15, 2024, depending on the receipt of necessary approvals. The securities mentioned will not be registered under the U.S. Securities Act and may not be offered or sold within the U.S.
Spanish Mountain Gold Announces Additional Non-Brokered Private Placement of Units Under the Listed Issuer Financing Exemption
Spanish Mountain Gold Ltd. is planning to offer additional units of the company due to strong investor demand, aiming to raise an additional C$800,000 through a non-brokered private placement. This is in conjunction with a previously announced brokered private placement that could result in total proceeds of up to C$7.3 million, or up to C$8.3 million if the Agent's Option is fully exercised. The company plans to issue up to 24,444,444 Units, 16,129,035 flow-through share units, and 7,500,000 Charity FT Units, with different pricing for each type. Red Cloud Securities Inc. is the sole agent and bookrunner for the brokered offering.
Spanish Mountain Gold Revises and Upsizes Brokered Private Placement for up to C$6,500,000
Spanish Mountain Gold Ltd. has increased the maximum aggregate gross proceeds of its previously announced private placement from C$5,000,000 to C$6,500,000 due to strong investor demand. The revised offering is made up of up to 18,518,519 units at a price of C$0.135 each, up to 16,129,035 flow-through share units priced at C$0.155 each, and up to 7,500,000 flow-through units to be sold to charitable buyers at C$0.20 each. Red Cloud Securities Inc. is acting as the sole agent and bookrunner for the offering.
Technical Analysis
Articles
Spanish Mountain Gold Ltd Presentation Update - 2025-04-25 - Minimal Updates to...
Recent review of Spanish Mountain Gold's document shows only minor, non-material updates, maintaining stability in financial data, resource estimates, and strategic outlook.
