Vancouver, British Columbia--(Newsfile Corp. - July 13, 2026) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce a non-brokered financing for up to $7,000,000 by issuance of up to 25,925,926 Unit at $0.27 per Unit (the "offering").
Coast Capital LLC ("Coast"), a leading natural resources investment firm based in New York, an insider and a major shareholder currently at over 18%, will participate in the offering to maintain and increase its holding up to approximately 19.9% post offering closing.
Each $0.27 unit shall consist of one common share ("share") and one common share purchase warrant ("warrant"). Each warrant shall entitle the holder to purchase one additional share at an exercise price of $0.45 cents per share for a period of 3 years following the date of issuance. The Company may accelerate the expiry date if the shares trade at $0.80 or greater for a period of 10 consecutive days.
Proceeds from the offering will be used to advance technical work at the Fremont Gold Mine ("Fremont"), strengthen the balance sheet and provide general working capital. Specifically relating to Fremont, the focus of technical work will include the upcoming drill program in support of a Preliminary Feasibility Study (PFS), metallurgical, geotechnical and rock mechanic studies and engineering. An initial mine plan will be developed to initiate environmental and permitting work later this year.
Lode Gold may pay finders' fees to eligible arm's-length parties with respect to subscriptions accepted by the Company.
About Coast Capital LLC
The Coast Capital Midas Fund, a leading natural resources investment fund based in New York, an insider and a major shareholder currently at over 18%, will participate in the offering to maintain and increase its holding up to approximately 19.9% post offering closing.
About Lode Gold
Lode Gold has key assets in Canada and the United States.
Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, California with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts. Mining halted in 1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when price was gold was $35 per oz. PEA was completed (link) in 2023. The PEA was based on 1.16 Moz at 1.90 g/t Au within 19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a composite cut-off[1]. MRE (link) was updated in 2026; 89% of the ounces were left unmined if we compare historical production with our current Indicated Resource. Average true widths at 1 g/t cut off is 53m. Project sits on > 3,000 acres of 100% owned private and patented land which is designated as OZ, Trump Administration Opportunity Zone (Special Tax Incentives).