CA Market News
2週前
Cassiar Gold Announces Closing of $5.5 Million Private Placement OfferingMay 22, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 22, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announce that, further to its news release dated April 30, 2026, the Company has completed a non-brokered private placement offering (the "Offering") raising gross proceeds of C$5,527,272.52. Pursuant to the Offering, the Company issued 7,272,727 flow-through units ("FT Units") at a price of C$0.76 per FT Unit for gross proceeds of approximately C$5.5 million. The proceeds of the Offering will be used to fund ongoing and future exploration and drill programs, at the Company's flagship Cassiar Gold Project in northern British Columbia, Canada.Offering DetailsEach FT Unit consists of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"), each of which will qualify as a "flow-through share" pursuant to the Income Tax Act (Canada). Each Warrant will be exercisable by the holder to acquire one additional Common Share at a price of C$0.65 for a period of 22 months following the closing date of the Offering, provided that the exercise of the Warrants will be only be exercisable in the event the Company enters into an agreement with respect to a joint venture or other strategic transaction involving the Company's Cassiar South project area.The Company intends to use the gross proceeds from the sale of the FT Units to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures," as both such terms are defined in the Income Tax Act (Canada), and for British Columbia subscribers, "BC flow-through mining expenditures," as defined in the Income Tax Act (British Columbia), (the "Qualifying Expenditures"), on the Company's flagship Cassiar Gold Project in northern British Columbia, Canada. The Company will incur the Qualifying Expenditures on or before December 31, 2027, and will renounce all Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2026.The Offering remains subject to final acceptance by the TSX Venture Exchange ("TSXV"). All securities issued under the Offering are subject to a hold period of four months and one day from the closing date of the Offering, in accordance with the rules and policies of the TSXV and applicable Canadian securities laws. No finders or other fees were paid in connection with the Offering.The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Update on Announced Warrant AmendmentAfter making significant efforts in good faith to extend the term of outstanding common share purchase warrants of the Company expiring on May 3, 2026, as announced on May 2, 2026, the Company is withdrawing its application for the extension and the warrants have expired in accordance with their terms.About Cassiar Gold Corp.Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas:Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t Au cut-off grade; 91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025); andCassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia, Canada. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.Qualified PersonsJill Maxwell, P.Geo., Cassiar Gold Corp.'s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the technical information in this press release.Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.CONTACT INFORMATION
Jason Shepherd
VP Investor Relations Cassiar Gold Corp.
E-mail:
CA Market News
1月前
Cassiar Gold to Extend WarrantsMay 2, 2026 3:40 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 2, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") announces intention to apply to the TSX Venture Exchange ("TSXV") for approval and acceptance to amend the expiry term of outstanding common share purchase warrants ("Warrants") which were issued in connection with a private placement that completed in May 2024. The original term of the Warrants is two years and expires on May 3, 2026 (the "Original Expiry Date") and the Company proposes to extend the expiry date for one additional month to June 3, 2026 ("Warrant Extension"). No other terms of the Warrants are to be amended and the exercise price will remain at $0.50 per Warrant.The Warrant Extension remains subject to acceptance by the TSXV, which may include requiring the Company to obtain consent from the holders of Warrants that have exercised prior to the Original Expiry Date.About Cassiar Gold Corp.Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas:Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t Au cut-off grade; 91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025); andCassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia. The Sheep Creek gold district ranks as the third largest past- producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.Qualified PersonJill Maxwell, P.Geo., Cassiar Gold Corp.'s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101 has verified and approved the technical information in this press release.CONTACT INFORMATIONJason Shepherd
VP Investor Relations
Cassiar Gold Corp.
E-mail:
CA Market News
1月前
Cassiar Gold Announces Private Placement for up to Approximately $5.5 MillionApril 30, 2026 8:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") announces it intends to complete a "best efforts" non-brokered private placement of 7,272,727 flow-through units ("FT Units") at a price of C$0.76 per FT Unit for gross proceeds of up to approximately C$5.5 million (the "Offering"). The proceeds of the Offering will be used to fund ongoing and future exploration and drill programs, at the Company's flagship Cassiar Gold Project in northern British Columbia, Canada.Each FT Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"), each of which will qualify as a "flow-through share" pursuant to the Income Tax Act (Canada). Each Warrant will be exercisable by the holder to acquire one additional Common Share at a price of C$0.65 for a period of 22 months following the closing date of the Offering, provided that the exercise of the Warrants will be only be exercisable in the event the Company first enters into a strategic transaction with respect to the Company's Cassiar South project area, the form and terms of which are yet to be determined.The Company intends to use the gross proceeds from the sale of the FT Units to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures," as both such terms are defined in the Income Tax Act (Canada), and for British Columbia subscribers, "BC flow-through mining expenditures," as defined in the Income Tax Act (British Columbia), (the "Qualifying Expenditures"), on the Company's flagship Cassiar Gold Project in northern British Columbia, Canada. The Company will incur the Qualifying Expenditures on or before December 31, 2027, and will renounce all Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2026.Closing of the Offering is expected to occur on or about May 21, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Preliminary Economic Assessment and Exploration Program UpdateThe Company's previously announced Preliminary Economic Assessment ("PEA") for the Taurus deposit at the Cassiar North project area is underway, led by Ausenco. The PEA will evaluate potential development scenarios for the project, assess the economic potential of the Taurus deposit, and establish work plans to support the Company in continuing to advance the project. The study is on track for a Q3 completion target. Cassiar Gold plans to mobilize field crews to open camp in May to launch the first phase of its 2026 exploration programming at the Cassiar Gold Property by early June. Exploration activity will include at least 10,000 m of diamond drilling, initially focused at the Cassiar North project area of the district scale 59,000-hectare land package in northern British Columbia.About Cassiar Gold Corp.Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas:Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t Au cut-off grade; 91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025); andCassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia, Canada. The Sheep Creek gold district ranks as the third largest past- producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.Qualified PersonsJill Maxwell, P.Geo., Cassiar Gold Corp.'s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101 has verified and approved the technical information in this press release.Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.CONTACT INFORMATION
Jason Shepherd
VP Investor Relations Cassiar Gold Corp.
E-mail:
CA Market News
2月前
Cassiar Gold Engages Ausenco to Deliver Preliminary Economic AssessmentApril 2, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 2, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the "Company") is pleased to announce it has initiated a Preliminary Economic Assessment ("PEA") at its 100% owned Cassiar Gold project in northern British Columbia. Ausenco, a globally recognized engineering, consulting, and project delivery firm with a proven track record in all phases of project development, has been engaged to deliver a comprehensive PEA for the property's Taurus deposit. The Company is targeting the completion of the PEA in Q3 2026. The PEA will be based on the recently updated foundational resource at the bulk-tonnage Taurus deposit, which comprises an Indicated Mineral Resource of 8.8 million tonnes at 1.43 grams per tonnes (g/t) gold for 410,000 ounces with an additional 63.2 million tonnes with 1.93 million ounce at 0.95 g/t gold Inferred[1]. The near-surface, road-accessible deposit remains open for expansion. The PEA will evaluate potential development scenarios for the project and assess the economic potential of the Taurus deposit. Additionally, the study will establish work plans to support the Company in continuing to advance the project."We are pleased to welcome Ausenco as our lead consultant for the PEA," said Marco Roque, President and Chief Executive Officer of Cassiar Gold Corp. "Their global expertise and experience advancing gold project studies will be instrumental on our path to demonstrate the value of our near-surface resource at Taurus. The study will be a critical milestone and will guide our next steps toward responsible development."Additional near-term initiativesMetallurgical Study
A metallurgical assessment of the Taurus deposit is currently underway with Base Metallurgical Laboratories Ltd. Recent geochemical analyses and model advancements have provided strong foundational inputs to guide representative initial sample selections across the deposit. Results from this program are expected in Q2 2026 and will support the PEA. Cassiar South Mill Assessment
Cassiar Gold is conducting a review of its on-site, permitted mill to assess refurbishment and integration pathways to support potential future development scenarios at past-producing higher grade vein systems at the Cassiar South project area of the property. This presents potential for significant infrastructure advantages for the project. These initiatives are designed to position Cassiar Gold for continued growth and to maximize the value of both project areas as the Company advances toward future economic studies and potential development.Corporate UpdateCassiar Gold is pleased to announce that its new omnibus share compensation plan (the "Share Compensation Plan") was approved at the annual meeting of the shareholders of the Company held on March 26, 2026 (the "Meeting"). The Share Compensation Plan remains subject to final acceptance of the TSX Venture Exchange ("TSXV"). The Share Compensation Plan was adopted in accordance with Policy 4.4 - Security Based Compensation of the TSXV, and replaces and supersedes the Company's previous 10% rolling stock option plan and the Company's share unit plan. The Share Compensation Plan authorizes the Company to grant a broader range of equity-based awards, including (i) stock options, (ii) restricted share units, and (iii) deferred share units (collectively, the "Awards"). Under the Share Compensation Plan, the maximum number of common shares of the Company ("Common Shares") issuable, in the aggregate, pursuant to all Awards granted under the Share Compensation Plan will not exceed 10% of the number of Common Shares issued and outstanding as at the date of the grant or award.A copy of the Share Compensation Plan is attached to the Company's management information circular dated February 12, 2026, which has been filed under the profile of the Company on SEDAR+ at www.sedarplus.ca.On April 2, 2026, the Company awarded 1,350,000 restricted share units ("RSUs") and 2,295,000 stock options ("Options") to certain directors, officers, employees and consultants of the Company pursuant to the Share Compensation Plan. The RSUs and Options will vest with 2/3 of the RSUs and Options vesting in 12 months from the date of the grant, and the remaining 1/3 of the RSUs and Options vesting in 24 months from the date of grant. Each vested RSU will be satisfied for one full paid and non-assessable Common Share issued from treasury at a price based on the closing price of the Common Shares on April 1, 2026. Each vested Option will entitle the holder to acquire one common share of the Company at an exercise price of C$0.55 for a period of 5 years.Adoption of Semi-Annual Financial ReportingCassiar Gold has elected to rely on Coordinated Blanket Order 51-933 and move to semi-annual financial reporting ("SAR"). Coordinated Blanket Order 51-933 allows eligible venture issuers listed on the TSX Venture Exchange (the "TSXV") to voluntarily move from a quarterly to a semi-annual financial reporting framework. The Company's fiscal year ends on September 30. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management's Discussion & Analysis (MD&A) for its first and third quarters.Interim Period: The Company will not file an interim report for the first quarter (Q1) ending December 31 and the third quarter (Q3) ending June 30; andOngoing Reporting: The Company will continue to file audited financial statements (due within 120 days of September 30) and six-month interim financial reports (due within 60 days of March 31).The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record.This news release is being filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.About Cassiar Gold Corp.Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas:1) Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t Au cut-off grade; 91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025).; and2) Cassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia, Canada. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s. Qualified PersonsJill Maxwell, P.Geo., Cassiar Gold Corp.'s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101 has verified and approved the technical information in this press release.Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.CONTACT INFORMATION
Jason Shepherd
VP Investor Relations
Cassiar Gold Corp.
E-mail: