Gold Reserve Announces Spin-Out of American Heralds Mining Corporation, a New US-Domiciled Western Hemisphere Mining Platform Supporting U.S. Critical Mineral Priorities

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[{"type":"text","content":"Gold Reserve Announces Spin-Out of American Heralds Mining Corporation, a New US-Domiciled Western Hemisphere Mining Platform Supporting U.S. Critical Mineral Priorities\n\n\n\n\n\n\n Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”), a majority US-owned company, today announced the formation of American Heralds Mining Corporation (“American Heralds”), a new U.S.-domiciled mining company, designed to advance Western Hemisphere resource development and support the United States’ priorities around secure, resilient critical mineral supply chains.\n \n\n The Company is evaluating a spin-out transaction under which all of Gold Reserve’s mining interests in Venezuela (including the Company’s ongoing efforts to pursue its interest in the Siembra Minera project) and its Alaskan property, would be transferred to American Heralds, with the shares of American Heralds distributed to the Company’s shareholders (the “Spin-out”). American Heralds is expected to be headquartered in Miami, Florida, positioning the Company within immediate reach of U.S.-based Venezuelan management, federal regulatory institutions, and the professional services ecosystem needed to expedite a mining platform. Details of the Spin-out are subject to ongoing review by the Company’s advisors and Board of Directors, and all applicable approvals, including, shareholder approval.\n \n\n The Company underscores the importance of maintaining these assets within a U.S.-aligned framework. American Heralds is structured to provide a stable pathway for development of critical mineral resources essential to national security. The Company’s longstanding rights, technical data, and operational readiness position it to move quickly in support of U.S. strategic objectives and supply chain resilience.\n \n\n Following completion of the Spin-out, the Company intends to pursue a U.S. initial public offering of American Heralds and a U.S. stock exchange listing, consistent with the Administration’s emphasis on expanding U.S.-based industrial capacity and bringing strategic resource development under U.S.-governance.\n \n\n “American Heralds represents the launch of a new U.S.-based mining company focused on Western Hemisphere opport...

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