Athena Gold concludes Forester Gold Project acquisition

Athena Gold has concluded its acquisition of the Forester Gold Project by purchasing Last Bounty Gold, a backstage institution based successful British Columbia, Canada, that possesses afloat interests successful the project.

The Forester Gold Project, a golden mining tract covering astir 4,900 hectares (ha), is located adjacent Orla Mining’s Musselwhite Gold Mine successful north-western Ontario, Canada.

Athena Gold projected plans for this acquisition successful February 2026.

Through this acquisition, Athena Gold has obtained each communal shares of Last Bounty successful speech for 42 cardinal communal shares of the company, valued astatine C$0.08 ($0.05) per share.

This stock speech constitutes astir 12% of Athena Gold connected a non-diluted ground astatine the clip of closing.

According to applicable securities laws and Canadian Securities Exchange policies, these shares volition beryllium taxable to a statutory clasp play lasting 4 months and 1 time from their issuance.

The woody was conducted astatine arm’s length, with nary finder’s fees progressive and without creating immoderate caller insiders upon closing.

Athena Gold CEO Koby Kushner said: “We are thrilled to adjacent the Forester acquisition, a pivotal measurement successful refocusing Athena arsenic a disciplined explorer of high-potential, historically overlooked crushed adjacent multimillion-ounce golden producers.

“Positioned on inclination from Orla’s Musselwhite Mine, Forester’s favourable geology suggests beardown imaginable for a near-surface, bulk-tonnage, orogenic golden strategy – the benignant of deposit that was mostly dismissed until modern economics proved otherwise, arsenic seen astatine Detour and Malartic.

“Similarly, our flagship Laird Lake task successful Red Lake sits on inclination from West Red Lake’s Madsen Mine, wherever the prospective Balmer-Confederation interaction has lone precocious been recognised connected our ground. With drill permits present successful manus astatine Laird Lake, we expect to mobilise rigs successful the coming weeks to trial our highest-priority targets.”

Forester lies successful the aforesaid prospective geological mounting arsenic Musselwhite, with robust formations, volcanic units and sedimentary sequences.

"Athena Gold concludes Forester Gold Project acquisition" was primitively created and published by Mining Technology, a GlobalData owned brand.

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