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Stratabound Minerals ( (TSE:LOD) ) has issued an update.
Lode Gold Resources has updated investors on the planned listing of its subsidiary Gold Orogen on the Canadian Securities Exchange via a court-approved plan of arrangement and reverse takeover of Great Republic Mining, now expected to close on February 18, 2026. Upon completion and final CSE approval, registered Lode Gold shareholders will receive 0.5739 of a Gold Orogen share for each Lode Gold share held as of the day before the effective date, effectively spinning out an exploration-focused vehicle with assets in Yukon and New Brunswick.
Gold Orogen will emerge as a pure-play early-stage gold explorer with diversified projects on two prolific Canadian mineral belts, including large land packages at McIntyre Brook and Riley Brook in New Brunswick, where it has a 19.9% strategic partner and joint venture, and the Golden Culvert/WIN project in the Yukon’s Tombstone Belt. The transaction is expected to highlight the value of Lode Gold’s exploration portfolio, separating its exploration and development assets and potentially enhancing focus and capital allocation for both Lode Gold and the newly listed Gold Orogen, which has reported encouraging drill intercepts and significant land positions near notable regional discoveries.
More about Stratabound Minerals
Lode Gold Resources is a North American gold-focused company with key assets in Canada and the United States. Its flagship Fremont Gold Mine project in Mariposa, California, is a brownfield asset with extensive historical drilling and underground workings on more than 3,000 acres of private and patented land in a designated Opportunity Zone. The company also owns the Dingman Property in Ontario, an orogenic gold deposit with a prior PEA and defined measured, indicated and inferred resources.
Average Trading Volume: 194,016
Technical Sentiment Signal: Buy
Current Market Cap: C$25.65M
Find detailed analytics on LOD stock on TipRanks’ Stock Analysis page.