Lahontan Gold Accelerates Warrant Expiry After Price Threshold Met

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) announced it is accelerating the expiry of outstanding warrants originally issued on September 1, 2023. The decision follows the company's common shares trading at or above the required price threshold for 20 consecutive trading days ending April 27, 2026. The accelerated expiry date is set for May 18, 2026, at 5:00 p.m. Toronto time, after which any unexercised warrants will expire. Holders must submit exercise documentation and payment prior to the deadline to benefit from the warrants.

This move is significant for Lahontan Gold as it may reduce potential dilution from outstanding warrants and strengthen its balance sheet if holders choose to exercise. The warrants were part of a previous financing round, and their early expiration could provide the company with additional capital without further equity dilution. Lahontan Gold is focused on advancing its flagship Santa Fe Mine project in Nevada, which has a history of gold and silver production between 1988 and 1995. The project hosts an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent, according to a NI 43-101 technical report.

The company plans to continue advancing the Santa Fe Mine towards production, update the Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The acceleration of warrant expiry aligns with these development plans by potentially securing near-term financing. For more details on the warrant acceleration, refer to the full press release at https://ibn.fm/KjK3I.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company with properties in the Walker Lane of Nevada. The Santa Fe Mine project covers 26.4 square kilometers and has a past production record. The technical content of this news release has been reviewed by Michael Lindholm, CPG, a Qualified Person as defined in NI 43-101. Investors can find the latest updates on the company at http://ibn.fm/LGCXF.

The warrant acceleration highlights Lahontan Gold's proactive capital management as it progresses towards its development goals. With the deadline approaching, warrant holders must decide promptly to participate in the company's future growth.