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K2 Gold Announces Exercise of 9.3 Million Warrants to Advance the Mojave Project
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - K2 Gold Corporation (TSXV:...
About this update from K2 Gold Corporation
[{"type":"text","content":"K2 Gold Announces Exercise of 9.3 Million Warrants to Advance the Mojave ProjectVancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) (\"K2\" or the \"Company\") today announced the exercise of 9.299 million share purchase warrants, which had an exercise price of CAD$0.30 and expiry date of August 15, 2025. The warrant exercise has provided K2 with a cash infusion of $2,789,700, positioning the Company very well financially in anticipation of the upcoming drill program at K2's 100% owned, flagship Mojave Project in California.Importantly, a number of these warrants were exercised by Company insiders, underscoring their continued commitment and confidence in the upside potential of Mojave.\"The strong support we've received from K2's shareholders, including company insiders, speaks volumes about the exceptional potential of the Mojave project,\" said Anthony Margarit, President & CEO of K2 Gold. \"This financing ensures we are well-funded to commence drilling upon the successful receipt of the permit at Mojave, unlocking the value of one of the most exciting gold exploration projects in the western United States.\"The Mojave Project hosts a series of high-priority gold targets previously drilled by K2 including the Dragonfly zone, which returned an intersection of 86.9m of 4.0 g/t Au, including 45.7m of 6.7 g/t Au from surface to 45.72m in hole DF20-0021. Previous exploration highlighted widespread gold mineralization over a >5km long structural corridor and multiple undrilled targets such as the Flores (43m at 3.78g/t Au in channel sampling2), and Gold Valley zones (grab samples to 375 g/t Au3), demonstrating the district-scale potential of the project. With drill permits advancing and funding secured, K2 is now prepared to systematically expand on the success of their previous campaign.See K2 News Release dated November 30, 2021.See K2 News Release dated April 6, 2020.See K2 News Release dated November 11, 2024.Qualified Person (\"QP\") and QA/QCThe technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Eric Buitenhuis, M.Sc., P.Geo., K2's QP and Vice President of Exploration. About K2 GoldK2 is a proud member of Discovery Group and cur...