Lodestar Metals Begins First Drill Program at Nevada’s Gold Run Project

Lodestar Battery Metals ( (TSE:LSTR) ) just unveiled an announcement.

Lodestar Metals has launched its maiden 2,680-metre reverse circulation drill program at the flagship Gold Run project in Nevada, marking a key operational milestone after securing permits and completing site preparations. The campaign will test 16 holes across multiple high-priority gold-silver prospects, integrating historical drill data, soil geochemistry, UAV magnetic surveys, and a property-wide geophysical program to refine exploration targets.

Initial drilling will focus on four targets, including the advanced Robbers Knob prospect, chargeability anomalies along the Independence Trend, a large anomaly at the Gomes prospect, and the down-dip extension of high-grade mineralization at Crown North. By systematically evaluating these zones—some with untested high-grade historical intercepts—Lodestar aims to validate historical data, expand its understanding of Gold Run’s mineral potential, and strengthen its position within Nevada’s competitive gold exploration landscape.

The most recent analyst rating on (TSE:LSTR) stock is a Hold with a C$0.18 price target. To see the full list of analyst forecasts on Lodestar Battery Metals stock, see the TSE:LSTR Stock Forecast page.

Spark’s Take on LSTR Stock

According to Spark, TipRanks’ AI Analyst, LSTR is a Neutral.

The score is held back primarily by weak financial performance—no revenue, ongoing cash burn, and low cash-earnings quality despite a debt-free balance sheet. Technicals are a key offset with a strong uptrend and positive momentum, while valuation looks optically low on P/E but is less dependable given the early-stage, pre-revenue profile.

To see Spark’s full report on LSTR stock, click here.

More about Lodestar Battery Metals

Lodestar Metals Corp. is a Canadian junior gold exploration company focused on advancing its drill-ready Gold Run Project in Nevada, a property situated on a major Carlin-style gold trend near some of North America’s largest gold deposits. The company applies a disciplined, data-driven approach, concentrating capital on high-value targets to build a compliant gold resource and enhance long-term shareholder value.

Average Trading Volume: 107,458

Technical Sentiment Signal: Sell

Current Market Cap: C$5.41M

For detailed information about LSTR stock, go to TipRanks’ Stock Analysis page.