Lahontan Gold Corp. Launches $2 Million Private Placement to Fund Santa Fe Mine Exploration

An update from Lahontan Gold Corp. ( (TSE:LG) ) is now available.

Lahontan Gold Corp. has announced a non-brokered private placement financing to raise up to $2 million through the issuance of 40 million units. Each unit consists of one common share and a warrant, with proceeds intended for general working capital and exploration at the Santa Fe Mine Project. This move is part of Lahontan’s strategy to advance its flagship project and strengthen its position in the gold and silver mining industry.

More about Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that operates through its US subsidiaries. It focuses on four gold and silver exploration properties located in the Walker Lane region of Nevada, a mining-friendly area. The company’s flagship property is the Santa Fe Mine project, which has a history of significant gold and silver production and holds substantial indicated and inferred mineral resources. Lahontan aims to advance the Santa Fe Mine project towards production and update its economic assessments.

YTD Price Performance: 150.0%

Average Trading Volume: 424,691

Technical Sentiment Signal: Sell

Current Market Cap: C$11.67M

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