Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) announced it is accelerating the expiry of common share purchase warrants originally issued on Nov. 25, 2025, following the company's shares trading at or above C$0.35 for 10 consecutive trading days through April 21, 2026. The warrants will now expire at 5:00 p.m. Toronto time on June 3, 2026, after which any unexercised warrants will be void. Holders are required to submit exercise documentation and payment prior to the accelerated deadline.
This acceleration clause is a standard provision in warrant agreements designed to incentivize early exercise when the stock price trades above a specified threshold. For Lahontan Gold, the trigger indicates that the market has responded positively to the company's recent developments, including the advancement of its flagship Santa Fe Mine project. The company holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada.
Lahontan's flagship property, the 26.4 km² Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, as detailed in the Santa Fe Project Technical Report).
The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the company's technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects.
For more information, please visit the company's website at www.lahontangoldcorp.com. The full press release can be viewed at https://ibn.fm/RjjrY. The latest news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF.
This announcement is significant because it reflects market confidence in Lahontan Gold's prospects and could lead to additional capital if most warrants are exercised. The accelerated expiry also creates urgency for warrant holders to act, potentially boosting the company's treasury for ongoing project development.
