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Lode Gold Enters into Exclusive LOI with a Mining Company to Advance Fremont Gold Project and Repay Debt
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Lode Gold Resources Inc (TSXV...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Lode Gold Enters into Exclusive LOI with a Mining Company to Advance Fremont Gold Project and Repay DebtVancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Lode Gold Resources Inc (TSXV: LOD) (\"Lode Gold\" or the \"Company\") is pleased to announce that, following an extensive process to identify a joint-venture partner for the advancement of the Fremont Gold Project in California (\"Fremont\"), the Company has received multiple compelling proposals. After careful evaluation, Lode Gold has entered into an exclusive and confidential Letter of Intent (\"LOI\") with a mining company with seasoned executives, strong technical expertise, an excellent balance sheet, and a proven record of successfully advancing projects to production. Under the terms of the LOI, the parties agreed to a 45-day exclusivity and standstill period up to January 16th, 2026. The contemplated arrangement is expected to bring substantial capital to accelerate the development of Fremont and repay the outstanding debt secured by the asset. This partnership would enable the Company to continue advancing key milestones at Fremont and is anticipated to unlock material value for shareholders. Work to upgrade additional resources to the Measured & Indicated (\"M&I\") category would commence immediately, with initiation of a Pre-Feasibility Study (\"PFS\") targeted for early 2026. Targeted completion of the PFS is estimated to be Spring 2027 where optimized scenarios of underground bulk mining will be evaluated. Jon Hill, Chair of the Technical Committee states, \"Without question, this is a robust project. We plan to further optimize the project economics of the 2023 PEA which is based on 1M oz (M&I) and 2M (Inferred). During the upcoming PFS, we will evaluate underground bulk mining at various cut-off grades. We have impressive widths that potentially allow for a high tonnage underground operation that minimizes footprint. There will be no use of cyanide (\"CN\"). At 1g/t cut-off, average truth width is 50m. At 3 g/t cut-off, average truth width is 17m. The gram-meters range from a very healthy 74 - 143.\" About Lode Gold Lode Gold has key assets in Canada and United States. Fremont Gold Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, California with 43,000 m drilled, 8,000 channel samples, 14 adits and 2 shafts. Mi...