# Lahontan Announces Private Placement

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lahontan-announces-private-placement--77c522a0-e5d3-4120-80dd-8dde20adca4b

Original source: https://money.tmx.com/en/quote/LG/news/6338576883636175/lahontan-announces-private-placement

Publisher: tmx

Original announcement: 2026-03-12T10:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Lahontan Gold Corp.

- Ticker: LG

- Exchange: TSX

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Capital raise, Resource update

- Extracted: 2026-08-25 18:45:51 UTC

Narrative sentiment: 0.30 · Bullish

## Minestarters Atlas summary

Lahontan Gold Corp. has announced a non-brokered private placement of up to 24,390,244 units at Cdn $0.41 per unit, aiming to raise up to Cdn $10,000,000. The proceeds are intended for general working capital and exploration at the Santa Fe Mine and West Santa Fe projects in Nevada.

Reasoning: The company is raising capital to fund exploration at its Santa Fe and West Santa Fe projects, supported by an existing mineral resource.

- Positive factor: Capital raise of up to Cdn $10M to fund exploration

- Positive factor: Existing Indicated resource at flagship Santa Fe project

- Negative factor: Private placement involves dilution

Facts used in scoring: 8

## Classification and evidence

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Brian J. Maher, M.Sc., CPG-12342 is identified as the Qualified Person who reviewed and approved the technical disclosure.

Evidence · text

> Qualified Person Brian J. Maher, M.Sc., CPG-12342, is a “Qualified Person” as defined under Canadian National Instrument 43-101

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The document explicitly states the cut-off grades used for oxide and non-oxide resources.

Evidence · text

> Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources.

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.