202612 releases
ROXMORE RESOURCES ANNOUNCES SALE TO SSR MINING AND SPINOUT OF EXPLORATION ASSETS
A definitive arrangement agreement has been signed with SSR Mining under which an SSR subsidiary will acquire all Roxmore shares for $6.75 cash plus 0.33 of a share of a new exploration company, Roxmore Spinco, valued at about $0.50 per share, for total consideration of approximately $712 million, a 58% premium to the 20-day VWAP. SSR gains the Converse Gold Project in Nevada; Spinco will hold the Rattlesnake Hills, Newton and Shabu River assets with US$10 million cash, 14.99% held by SSR. Shareholder and court approvals are required, with a meeting expected in December 2026 and closing targeted for December 2026; a $182 million break fee applies.
AcquisitionROXMORE RESOURCES REPORTS STRONG EXPLORATION DRILL RESULTS AND EXPANDED RESOURCE POTENTIAL FROM THE CONVERSE GOLD PROJECT IN NEVADA
Exploration hole CV26-013C at the Converse Gold Project on the Battle Mountain – Eureka Trend in Nevada returned 58.2m grading 1.85 g/t Au and 4.43 g/t Ag from 484m, including 19.8m at 4.83 g/t Au and 9.94 g/t Ag, stepping out 90 metres from the current mineral resource along the western margin of the Redline system. The result is pending 22 silver samples. A 3D inversion of 1995 aeromagnetic data identified an approximately 3 km northwest-southeast magnetic susceptibility low extending about 2 km west of defined Redline mineralization.
Drill resultsROXMORE RESOURCES PROVIDES UPDATE ON DEVELOPMENT ACTIVITIES AT THE CONVERSE GOLD PROJECT IN NEVADA
Development workstreams are advancing at the Converse Gold Project on the Battle Mountain – Eureka Trend in Nevada, targeting a Prefeasibility Study and maiden Mineral Reserve in the fourth quarter of 2027. Micaela Muro was appointed Study Manager; over 10,000 historic sample pulps were sent to Actlabs for silver re-assay ahead of a Q1 2027 resource update, and a 36-column metallurgical test program starts this month. Geotechnical and water well drilling begin in Q4 2026, with about 50% of the 30,000-metre Phase 1 drilling completed.
CorporateROXMORE RESOURCES REPORTS ADDITIONAL DRILL RESULTS FROM THE CONVERSE GOLD PROJECT IN NEVADA
Infill and extension drilling at the Converse Gold Project on Nevada's Battle Mountain – Eureka Trend returned 85.3m grading 0.52 g/t Au and 2.34 g/t Ag from 207.3m in CV26-017, 57.9m at 0.62 g/t Au and 3.02 g/t Ag from 76.2m plus 62.5m at 0.79 g/t Au and 3.16 g/t Ag from 163.1m in CV26-020, and 94.5m at 0.73 g/t Au and 2.34 g/t Ag from 114.3m in CV26-022. Three rigs are active on the 30,000-metre Phase 1 program, 31% complete, ahead of a PFS targeted for 2027. Robert Dufour was appointed CFO during Zeenat Lokhandwala's maternity leave.
Drill resultsROXMORE RESOURCES REPORTS STRONG DRILL RESULTS AT THE CONVERSE GOLD PROJECT, BATTLE MOUNTAIN – EUREKA TREND NEVADA
Drilling at the Converse Gold Project in Nevada's Battle Mountain–Eureka trend returned 247.2m grading 0.51 g/t Au and 3.79 g/t Ag from 131.7m in hole CV26-010C, including 34.3m at 1.25 g/t Au from 246.3m. Other holes returned 59.4m at 0.82 g/t Au and 2.99 g/t Ag from 94.5m (CV26-014) and 68.6m at 0.87 g/t Au and 3.48 g/t Ag from 42.7m (CV26-015). The Phase 1, 30,000-metre infill and extension program continues, with a second diamond rig due mid-July and a second RC rig in September.
Drill resultsROXMORE FILES NI 43-101 TECHNICAL REPORT FOR THE CONVERSE GOLD PROJECT’S UPDATED MINERAL RESOURCE ESTIMATE AND PRELIMINARY ECONOMIC ASSESSMENT
A NI 43-101 technical report supporting the updated mineral resource estimate and Preliminary Economic Assessment for the 100%-owned Converse Gold Project in Nevada's Battle Mountain trend has been filed on SEDAR+ and the company's website. The report, effective May 2, 2026, was prepared by SLR Consulting (Canada) Ltd and Kappes, Cassiday & Associates, both independent of Roxmore. Converse is a large-scale open pit heap leach project.
Resource updateROXMORE ANNOUNCES FILING OF MEETING MATERIALS FOR UPCOMING SHAREHOLDERS MEETING
Meeting materials, including the management information circular, have been filed for Roxmore Resources' annual general meeting, set for Thursday, June 11, 2026 at 8:00 a.m. (Vancouver time) at Suite 2200, 885 West Georgia Street, Vancouver, with a proxy cut-off of 8:00 a.m. on June 9, 2026. Business includes receiving the audited financial statements for the years ended December 31, 2025 and 2024, electing directors and appointing Deloitte LLP as auditors. Mr. Vetro and Mr. Breytenbach resigned from the board effective April 29, 2026 and will not stand for re-election.
CorporateROXMORE RESOURCES ANNOUNCES A POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR THE CONVERSE GOLD PROJECT IN NEVADA
A preliminary economic assessment for the 100%-owned Converse Gold Project in Humboldt County, Nevada shows an after-tax NPV5% of US$2.7 billion, 43% IRR and 2.2-year payback at US$3,600/oz gold, rising to US$4.5 billion, 60% and 1.6 years at US$4,700/oz. The open pit heap leach plan recovers 3.5 million payable ounces over 14 years, averaging 246,000 oz annually at AISC of US$1,769/oz, with pre-production capital of US$829 million. The updated resource is 103 Mt at 0.65 g/t Indicated (2.16 Moz) and 218 Mt at 0.43 g/t Inferred (3.04 Moz), with a prefeasibility study scheduled for H2 2027.
Study resultsROXMORE ANNOUNCES CLOSE OF C$32,640,000 NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement closed for gross proceeds of C$32,640,000 through the issue of 13,600,000 common shares at C$2.40 each, upsized by C$2,640,000 from the previously announced size. Proceeds will go mainly to accelerating the Converse Gold Project in Nevada, including about 30,000 metres of core and RC drilling, a re-assay program for silver grades, baseline and permitting work, hydrogeology and geotechnical drilling, and metallurgical testwork. Advisory fees of C$974,000 and finder's fees of C$360,000 were paid; hold period expires July 3, 2026.
FinancingROXMORE ANNOUNCES UPSIZE OF ITS PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT TO C$32,640,000
A previously announced non-brokered private placement has been upsized to gross proceeds of C$32,640,000 through the sale of 13,600,000 common shares at C$2.40 per share, with closing expected on or about February 27, 2026, subject to conditions including conditional acceptance of the Toronto Stock Exchange. Proceeds will be used primarily to accelerate advancement of the Converse Gold Project in Nevada and for general corporate purposes. Securities are subject to a four-month-and-a-day hold period, and finder's fees may be paid.
FinancingROXMORE ANNOUNCES A C$30,000,000 NON-BROKERED PRIVATE PLACEMENT TO ADVANCE THE CONVERSE GOLD PROJECT
A non-brokered private placement of 12,500,000 common shares at C$2.40 per share for gross proceeds of C$30,000,000 is planned, with closing expected on or about February 27, 2026, subject to TSX conditional acceptance. Proceeds will accelerate work at the Converse Gold Project in Nevada, USA, including about 30,000 metres of core and RC drilling, a re-assay program for silver grades, baseline studies and preliminary permitting, hydrogeology and geotechnical drilling, and metallurgical testwork. The Preliminary Economic Assessment remains on track for the second quarter.
FinancingROXMORE RESOURCES ANNOUNCES UPLISTING TO TORONTO STOCK EXCHANGE
Roxmore Resources' common shares will be voluntarily delisted from the CSE at the close of market on Wednesday, February 4, 2026, and will begin trading on the Toronto Stock Exchange at the opening of market on Thursday, February 5, 2026, under the existing symbol RM. The shares remain listed on the OTCQX Best Market as GARLF, and shareholders need take no action. A Preliminary Economic Assessment for the Converse Gold Project in Nevada is on track for completion in Q2.
Corporate
202513 releases
ROXMORE RESOURCES AND TAURA GOLD COMPLETE PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT
The plan of arrangement under which Roxmore Resources Inc. (formerly Axcap Ventures Inc.) acquired all 22,983,472 outstanding Taura Gold Inc. shares closed effective 12:01 a.m. Vancouver time on November 20, 2025, with Taura shareholders receiving 0.2 of a Roxmore share per Taura share, for total consideration of 4,596,694 Roxmore shares. Former Roxmore and Taura holders own approximately 91.5% and 8.5% of Roxmore, respectively. Roxmore shares began trading on the CSE under the symbol RM on November 20, 2025, following a name change and 10:1 consolidation effective post-market close November 19, 2025; Taura shares will be delisted from the TSXV at the close on November 21, 2025.
AcquisitionAXCAP AND TAURA GOLD ANNOUNCE TAURA SHAREHOLDER APPROVAL OF PLAN OF ARRANGEMENT AND CONFIRM EFFECTIVE DATE OF AXCAP SHARE CONSOLIDATION AND NAME CHANGE
Taura Gold shareholders approved the plan of arrangement under which Axcap Ventures will acquire all outstanding Taura common shares at a meeting held November 14, 2025, meeting the 66⅔% and majority-of-minority thresholds. The court hearing for the final order is set for November 19, 2025 in Vancouver, with closing anticipated November 20, 2025. Axcap's 10-to-1 share consolidation and name change to Roxmore Resources Inc. take effect post-market close November 19, 2025, leaving 49,364,356 shares outstanding and trading on the CSE under RM from November 20, 2025.
CorporateAXCAP VENTURES CONFIRMS CONVERSE GROWTH POTENTIAL WITH HIGH-GRADE OXIDE GOLD DISCOVERY AND BROAD BULK-TONNAGE INTERSECTIONS
Drill results from the Converse Gold Project in Nevada's Battle Mountain Trend include 25.0 m grading 0.96 g/t Au from 262.4 m in CV25-005C, including 10.8 m at 1.70 g/t Au, in a newly discovered breccia unit about 170 m from known mineralization, plus 81.8 m at 0.55 g/t Au from 522.1 m and 67.8 m at 0.49 g/t Au from 722.4 m. CV25-003C returned 86.9 m at 0.30 g/t Au from 200.9 m and 26.2 m at 0.71 g/t Au from 607.0 m. All four 2025 holes returned intercepts outside the current pit shell; a Preliminary Economic Assessment has been initiated.
Drill resultsAXCAP INITIATES PRELIMINARY ECONOMIC ASSESSMENT ON CONVERSE PROJECT, TARGETS Q2 2026 COMPLETION
A Preliminary Economic Assessment has been initiated on the Converse Gold Project in the Battle Mountain Trend, Nevada, with completion targeted for Q2 2026, to be carried out by Axcap management with SLR Consulting (Canada) Ltd, Kappes Cassidy & Associates and Sunstone Environmental. Workstreams underway include a 1,500-metre oriented core drilling program starting in late October, relogging of historic core and RC chips, historical data review, and cyanide soluble re-assaying. Results from the last two deep drill holes are expected before month-end.
Study resultsAXCAP ANNOUNCES CLOSING OF UPSIZED $9.2 MILLION FINANCING
A non-brokered private placement closed for aggregate gross proceeds of $9,160,000, with 53,882,353 common shares issued; the offering was upsized by an additional $1,000,000 from the amount originally agreed with a new incoming cornerstone investor. Proceeds will be used primarily for general corporate purposes, including completion of a Preliminary Economic Assessment on the Converse Gold Project in Nevada, USA. A cash advisory fee was paid to 3L Capital Inc. Shares are subject to a hold period expiring February 23, 2026.
FinancingAXCAP VENTURES COMMENCES CONVERSE PROJECT PEA ENGAGEMENT
A Preliminary Economic Assessment has been commissioned for the 100%-owned Converse Gold Project in Nevada, USA, the first comprehensive economic study on the project in over a decade. Scope includes updated resource modeling and mine plan optimization, heap leach recovery and metallurgical trade-off assessment, and economic modeling at multiple gold price scenarios. Converse hosts Measured and Indicated resources of 330mt at 0.53g/t Au (5.57 million ounces) and Inferred resources of 25mt at 0.53g/t (420koz Au).
Study resultsAXCAP ANNOUNCES INVESTOR RELATIONS AGREEMENT
Axcap Ventures Inc. (CSE: AXCP) entered an amending agreement with Emerging Markets Consulting, LLC to amend its marketing services agreement dated May 2, 2025, increasing Emerging's fee to US$400,000. Emerging will provide design, development, and dissemination services, and will receive no securities or options as compensation. The engagement is intended to improve the Company's visibility in capital markets in North America and Europe.
CorporateAXCAP SHAREHOLDERS AGREE TO VOLUNTARY LOCKUP OF 96 MILLION SHARES, REPRESENTING OVER 57% OF THE SHARES ISSUED UNDER ITS $0.06 UNIT OFFERING
Certain shareholders of Axcap Ventures Inc. (CSE: AXCP | OTC: GARLF) have entered voluntary pooling agreements restricting the sale of approximately 96,003,987 common shares, about 57.15% of the 168,000,000 shares issued under the $0.06 unit private placement that closed August 19 and September 3, 2024. Releases occur as 22.5% three months from the date of the agreements, 5% at each of the 12- to 19-month anniversaries of closing, and 7.5% at each of the 20- to 24-month anniversaries.
CorporateAXCAP SIGNS DEFINITIVE MINERAL PROPERTY PURCHASE AGREEMENT ACQUIRING THE NEWTON GOLD PROJECT LOCATED IN BRITISH COLUMBIA, CANADA
A definitive Mineral Property Purchase Agreement dated May 23, 2025 will see Axcap Ventures Inc. acquire a 100% interest in Carlyle Commodities Corp.'s Newton Gold Project, 108 km west-southwest of Williams Lake, British Columbia, comprising 62 claims over approximately 23,003 ha. The project hosts an inferred mineral resource of 842,900 oz Au and 4,506,100 oz Ag at an average grade of 0.64 g/t Au over 41,071,100 tonnes, at a 0.25 g/t Au cut-off. Consideration includes $500,000 cash, 3,750,000 shares, 500,000 warrants at $0.20, $1,250,000 in shares after 12 months, and milestone payments; closing requires CSE approval.
AcquisitionAXCAP ANNOUNCES INVESTOR RELATIONS AGREEMENTS
Eleven investor relations and marketing agreements were entered into on May 2, 2025, by Axcap Ventures Inc. (CSE: AXCP), with terms ranging from 45 days to twelve months. Compensation includes $200,000 per month for four months to Senergy Communications Capital, €133,000 to Echo Elite Ads, $65,000 to Fairfax Partners, US$500,000 each to Entourage Group and Gold Standard Media, US$300,000 to Piccadilly Capital, US$200,000 to Torque Capital, US$150,000 to Gatecrasher, US$100,000 to Capital Gain Media, and $100,000 and $150,000 to WTS Capital and Maximus. No securities will be issued; total estimated spend is $3,052,554 CAD.
CorporateAXCAP VENTURES ISSUES CORPORATE UPDATE HIGHLIGHTED BY RECEIPT OF FINAL PROSPECTUS AND SUMMARY OF ACQUISITIONS TOTALING 6.18M OZ OF M&I AND 1.69M OZ OF INFERRED GOLD RESOURCES
Axcap Ventures' final prospectus has been receipted and filed on SEDAR, completing its public listing. The company has acquired 6.18Moz Au of M&I and 1.69Moz Au of Inferred gold resources across three North American assets: Converse, Nevada (5.57Moz M&I), Rattlesnake Hills, Wyoming (0.61Moz M&I plus 0.43Moz Inferred) and Newton, British Columbia (0.84Moz Inferred, at LOI stage, subject to a definitive agreement). A fully funded 5,000m drill program has begun at Converse, and Blake Mclaughlin, P.Geo, has joined as VP Exploration.
FinancingAXCAP FILES AMENDED AND RESTATED FINANCIAL STATEMENTS, MD&A AND ANNUAL INFORMATION FORM
Axcap Ventures has restated and refiled its unaudited condensed consolidated interim financial statements and MD&A for the nine months ended September 30, 2024, in connection with its amended and restated preliminary base shelf prospectus and a continuous disclosure review by the British Columbia Securities Commission. The restatement adds an auditors' review engagement report, consolidates its investment in PGV Patriot Gold Vault Ltd. as it no longer meets the IFRS 10 definition of an investment entity, and adds subsequent event disclosures; the restated nine-month net loss is $1,276,877 versus $1,360,578 previously reported.
CorporateAXCAP VENTURES INC. ANNOUNCES CLOSING OF THE CONVERSE TRANSACTION
Axcap Ventures has closed its acquisition of all issued and outstanding shares of Converse Acquisition Company, Limited, which indirectly holds a 100% interest in the advanced-stage Converse gold project in Nevada, United States. Consideration comprised C$500,000 paid on the letter of intent effective date plus C$1,000,000 and 20,000,000 common shares at a deemed price of $0.22 on closing, with the shares subject to staged voluntary hold periods. On closing the company also issued 7,500,000 shares to Waterton at a deemed $0.20 under the assumed MIPA.
Acquisition