202625 releases
American Eagle Gold Appoints Marina Katsimitsoulias to its Board of Directors
American Eagle Gold has appointed Marina Katsimitsoulias, CPA, CA, to its Board of Directors effective immediately, and she will also chair the Audit Committee. The Board now has six directors, four of whom are independent.
ManagementAmerican Eagle Closes Top-Up Investment from South32
A C$719,400 top-up investment from a wholly owned subsidiary of South32 Limited has closed, with 660,000 common shares issued at C$1.09 per share under South32's top-up right in the November 26, 2024 investor rights agreement. South32 now holds 40,991,069 shares, about 19.9% of American Eagle's issued and outstanding shares on a non-diluted basis, up from 19.7%. Proceeds will fund general corporate and working capital purposes; the offering has conditional TSX Venture Exchange acceptance pending final acceptance.
FinancingAmerican Eagle Closes Option Agreement, Expanding Babine District Land Package to Approximately 9,283 Hectares
The option agreement with Eagle Plains Resources has closed, allowing American Eagle to earn up to an 80% interest in three claim groups adjoining its NAK copper-gold porphyry project, 70 kilometres northeast of Smithers in British Columbia's Babine Porphyry District. With independent staking in the Morrison area, the NAK land package grows from approximately 1,632 to approximately 9,283 hectares. On closing the Company paid $20,000 cash and issued 50,000 shares; a 60% interest requires $4,850,000 in expenditures, $400,000 cash and 1,200,000 shares by December 31, 2031.
AcquisitionAmerican Eagle Hits 411 Metres of 0.43% CuEq Near Surface in First 2026 Step-Out East of South Zone
Drill hole NAK26-89 at the NAK copper-gold porphyry project in British Columbia returned 411 metres of 0.43% CuEq from 47 metres downhole, within a broader 880 metres of 0.30% CuEq, with mineralization open to the east. The hole is the season's first test of the southern margin of the Babine porphyry stock and extends near-surface mineralization 250 metres east of the South Zone, linking to NAK25-62's 140 metres of 0.74% CuEq. Eighteen of 80 planned holes in the 55,000-metre program are complete.
Drill resultsAmerican Eagle Drills One Kilometre of Copper-Gold Mineralization from Surface at NAK: 1,001 Metres of 0.46% CuEq, Including 218 Metres of 1.01% CuEq
Step-out hole NAK26-87 at the NAK copper-gold porphyry project in British Columbia's Babine Porphyry District returned 1,001 metres of 0.46% CuEq from surface, including 218 metres of 1.01% CuEq, the longest mineralized intercept drilled at NAK. The hole steps out 150 metres northwest of NAK25-78 (802 metres of 0.71% CuEq). Three western holes returned 109 metres of 0.40% CuEq (NAK26-84), 555 metres of 0.30% CuEq (NAK26-88) and 151 metres of 0.25% CuEq (NAK26-86). Five holes of roughly 80 planned in 2026 have been reported.
Drill resultsAmerican Eagle Announces Top-Up Investment from South32 to Maintain 19.9% Ownership Interest
South32 has exercised its top-up right under the November 26, 2024 investor rights agreement, with American Eagle Gold to issue 660,000 common shares at C$1.09 per share for gross proceeds of C$719,400, with no warrants or finder's fees. The placement will lift South32's holding from 40,331,069 shares (approximately 19.7%) to 40,991,069 shares (approximately 19.9%) and closing is expected on or before August 28, 2026. Proceeds are for general corporate and working capital purposes, supporting the NAK copper-gold project in British Columbia.
FinancingAmerican Eagle Gold Shareholders Approve All Matters at Annual General and Special Meeting
Shareholders of American Eagle Gold Corp. approved all matters put before them at the Annual General and Special Meeting held July 28, 2026. The Company said it remains focused on advancing its NAK copper-gold porphyry project in central British Columbia, Canada.
CorporateAmerican Eagle Expands Its Babine Porphyry District Land Position with Hearne Hill South Option
An option agreement with Eagle Plains Resources gives American Eagle the right to earn an initial 60% interest in the 5,303-hectare Hearne Hill South copper-gold porphyry project plus the Jinx and NAK NW claim groups (1,387 hectares) in British Columbia's Babine district, by spending $4,850,000 on exploration, paying $400,000 cash and issuing 1,200,000 shares by December 31, 2031, with an option to reach 80% for $1,000,000. Combined with 992 hectares staked near Morrison, its land position rises from 1,632 to about 9,283 hectares. Subject to TSX Venture Exchange acceptance.
AcquisitionAmerican Eagle Opens Drill Season with 154 Metres of 1.21% CuEq within 280 Metres of 0.96% CuEq from Surface, Extending the South Zone 100 Metres North
Hole NAK26-83 at the 100%-owned NAK copper-gold porphyry project in British Columbia's Babine district returned 154 m of 1.21% CuEq within 280 m of 0.96% CuEq from surface, and 801 m of 0.49% CuEq from surface, extending the South Zone high-grade core 100 m north. It is the first result of a fully funded 2026 program of more than 50,000 metres and approximately 80 holes, running at least nine months. The company reports approximately $50 million in cash.
Drill resultsAmerican Eagle Gold Terminates Take-Over Bid for Pacific Booker Minerals
The take-over bid for Pacific Booker Minerals Inc. (BKM: TSXV) has been terminated effective immediately, in accordance with the terms of the offer and the take-over bid circular dated April 14, 2026. No Pacific Booker shares will be taken up, and deposited shares will be promptly returned to shareholders. American Eagle said it remains focused on its recently commenced 55,000-metre drill program at its 100%-owned NAK copper-gold porphyry project in west-central British Columbia, with over $55 million in treasury.
AcquisitionAmerican Eagle Drilling Underway at NAK: 2026 Season Has Begun
Drilling has started at the NAK copper-gold porphyry project in central British Columbia, with two diamond drill rigs turning and a third expected on site on or about May 25, 2026. More than 50,000 metres are planned for the season, which is expected to run into 2027, making it the company's largest exploration program to date. The program is fully funded from cash on hand and is intended to support a future maiden Mineral Resource Estimate and subsequent economic studies.
Drill resultsAmerican Eagle Gold Launches Largest-Ever Drill Program at NAK with more than 50,000 Metres Planned
Drilling at the NAK copper-gold porphyry project in west-central British Columbia begins May 14, 2026 with three rigs, with additional rigs on standby. Phase 1 covers approximately 23,000 m across 32 holes, all skid-accessed via the existing trail network, focused on step-out drilling around the Babine porphyry stock and higher-grade sub-zones in the South Zone. Phase 2, from September 2026 through March 2027, targets a further 30,000 m of infill and expansion drilling toward an initial resource estimate. Pierre Luc Richard, P.Geo, has been hired as a consultant.
Drill resultsAmerican Eagle Gold Thanks Lake Babine Nation for Providing Public Support of Proposed Acquisition of Pacific Booker Minerals
The Lake Babine Nation has publicly expressed support for American Eagle Gold's proposed acquisition of Pacific Booker Minerals Inc., with the Company stating it welcomes the opportunity to re-engage on the Morrison Project. American Eagle is focused on advancing its NAK copper-gold porphyry project in central British Columbia, with backing from South32, Teck, Eric Sprott and Ore Group. Completion of the proposed transaction remains subject to regulatory, shareholder and third-party approvals and closing conditions.
AcquisitionAmerican Eagle Gold Responds to Pacific Booker Circular and Reaffirms Offer as the Best Path for Shareholders
A response to Pacific Booker Minerals' Directors' Circular dated April 29, 2026 reaffirms American Eagle's unchanged takeover offer of $1.76 per share, noting Pacific Booker launched a financing on April 30 at an implied net price of approximately $1.75 per share after calling the offer inadequate. The release cites the loss of approximately 92% of the Morrison Project's original land package in British Columbia, a stale 2009 feasibility study, and Lake Babine Nation's stated refusal to engage with Pacific Booker, and points to American Eagle's approximately $55 million in cash.
NewsAmerican Eagle Gold Commences Unsolicited Offer for Pacific Booker Minerals
An unsolicited all-share take-over bid has been launched for all outstanding shares of Pacific Booker Minerals (TSXV: BKM), offering 1.41 American Eagle shares per Pacific Booker share, valuing Pacific Booker at C$1.76 per share, a 31% premium to the April 13, 2026 closing prices, and implying about C$31 million equity value, with Pacific Booker holders to own roughly 10% of the combined entity. The offer expires at 5 p.m. Toronto time on July 29, 2026, with minimum tender conditions of over 50% and 66⅔% fully diluted.
AcquisitionAmerican Eagle Announces Closing of $10.9 Million Investment backed by Teck and South32
A non-brokered private placement of 9,650,550 premium flow-through shares at C$1.1319 per share closed for gross proceeds of C$10,923,458, with Teck acquiring 3,797,058 shares to maintain a 12.9% interest and a South32 subsidiary acquiring 5,853,492 shares to maintain 19.9%, both at a back-end price of $0.77. Cash stands at C$55 million, funding more than 50,000 metres of drilling at the NAK copper-gold project in British Columbia beginning in April. Neil Prowse was appointed Vice President, Exploration.
FinancingAmerican Eagle to Materially Increase 2026 Drill Program, Including Year-Round Drilling
More than 50,000 metres of drilling is planned at the 100%-owned NAK copper-gold porphyry project near Smithers, British Columbia, with the season starting in April using three rigs and a fourth to be added, running through 2027. The Company expects over $55 million proforma cash after Eric Sprott's closed investment and Teck and South32 investments expected to close April 9. Mineralization spans roughly 1.5 x 1.7 km to depths over 800 metres; an initial resource model and a preliminary economic assessment are targeted for 2027.
Drill resultsAmerican Eagle Announces Closing of $23 Million Strategic Investment backed by Eric Sprott
A non-brokered private placement of 19,200,000 premium flow-through shares at C$1.20 each closed for gross proceeds of C$23,040,000, with Eric Sprott, through 2176423 Ontario Ltd., acquiring an approximate 9.9% equity interest at a back-end price of $0.77 per share. A concurrent offering of 9,650,550 FT shares at C$1.1319 for C$10,923,458 is expected to close on or about April 9, 2026, with Teck maintaining 12.9% and South32 19.9%. Proceeds will fund drilling at the NAK copper-gold project in British Columbia, leaving over C$55 million in cash.
FinancingAmerican Eagle Announces Exercise of Participation Rights by South32 and Teck, Updates Details of Recently Announced Financing
South32 and Teck have each elected to participate in American Eagle Gold's previously announced non-brokered private placement, maintaining their 19.9% and 12.9% interests through the purchase of 5,853,492 and 3,797,058 common shares respectively at a back-end price of $0.77 per share. The Concurrent Offering was revised to 9,650,550 flow-through shares at C$1.1319 for gross proceeds of C$10,923,458, bringing aggregate Offering proceeds to C$33,963,458, with closing expected about March 20, 2026. Cash would exceed C$55 million, funding drilling at the NAK copper-gold project in British Columbia.
FinancingAmerican Eagle Announces $23 Million Strategic Investment backed by Eric Sprott
A financing for aggregate gross proceeds of up to C$34,540,000 is planned, comprising up to 19,200,000 premium flow-through shares at C$1.20 (C$23,040,000) and up to 14,935,065 shares at C$0.77 (up to C$11,500,000), with no warrants and a finder's fee of up to 1%. Eric Sprott, via 2176423 Ontario Ltd., has agreed to buy the 19,200,000 flow-through shares at a back-end price of C$0.77 for an approximate 9.9% equity interest. Proceeds will fund 2026 and 2027 drilling at the NAK copper-gold porphyry project near Smithers, British Columbia; closing is expected on or about March 20, 2026.
FinancingAmerican Eagle Expands South Zone 750 Metres to the East and Further Demonstrates Continuity Within High-Grade core, Intersecting 618 metres of 0.77% CuEq from Surface
Drilling at the 100%-owned NAK copper-gold porphyry project in west-central British Columbia returned 618 m of 0.77% CuEq from surface in hole NAK25-80, including 101 m of 0.68 g/t Au and 0.14% Cu, and 197 m of 0.77% CuEq. Step-out holes NAK25-73, -75 and -79 extend the South Zone corridor about 750 m east and 500 m south, with NAK25-73 intersecting 1,033 m of 0.25% CuEq from surface.
Drill resultsAmerican Eagle Reports Breakthrough Drilling at NAK, Encountering Continuous Mineralization over Previously Untested 1.7 km Trend, Including 901 m of 0.43% CuEq from Surface
Drilling at the 100%-owned NAK copper-gold porphyry project in west-central British Columbia returned 901 m of 0.43% CuEq from surface in hole NAK25-70, including 521 m of 0.58% CuEq, with mineralization hosted in Babine porphyry stock rocks previously interpreted as barren. Other holes included NAK25-59 with 690 m of 0.22% CuEq and NAK25-81 with 169 m of 0.49% CuEq. Continuous mineralization now spans about 1.7 km east-west by 1.5 km north-south, open laterally and below 700 m.
Drill resultsAmerican Eagle to Participate in PDAC 2026 and Ore Day VIP Investor Lunch
American Eagle Gold will exhibit at PDAC 2026 from March 1-4 at the Metro Toronto Convention Centre, with booth #2322 in the Investors Exchange, Level 800, and participation in the Core Shack (Session B, Booth #3118B) on March 3 from 10:00 a.m. to 5:00 p.m. and March 4 from 9:00 a.m. to 12:00 p.m. The Company will also present a corporate and project update at Ore Day 2026, a private investor lunch on February 28 at Toronto's Shangri-La Hotel.
CorporateAmerican Eagle Drills 802 Metres of 0.71% Copper Eq. from Surface, including 375 Metres of 1.01% Copper Eq.
Drill hole NAK25-78 at the 100%-owned NAK copper-gold porphyry project in west-central British Columbia returned 802 metres of 0.71% copper equivalent from surface, including 375 metres of 1.01% CuEq from 211 metres downhole, 645 metres of 0.82% CuEq, and 118 metres of 0.93% CuEq from 738 metres. The South Zone now measures approximately 700 metres east–west, 500 metres north–south and over 800 metres vertically. Assays from the 31,500 metre 2025 program are still being received.
Drill resultsAmerican Eagle Continues to Expand South Zone Near Surface Mineralization: Highlights Include 140 m of 0.74% Copper Eq. and 130 m of 0.62% Copper Eq.
Drill results from the South Zone at the NAK copper-gold project in British Columbia include NAK25-62 with 140 m of 0.74% CuEq within 189 m of 0.61% CuEq starting near surface, NAK25-55 with 134 m of 0.40% CuEq from near surface, NAK25-69 with 130 m of 0.62% CuEq within 409 m of 0.33% CuEq from 215 m downhole, and NAK25-72 with 455 m of 0.31% CuEq from 166 m. The South Zone now measures over 700 m east-west, 500 m north-south and over 800 m deep. Drilling has reached 16,500 metres across 26 holes of a planned 30,000-metre program.
Drill results
202510 releases
American Eagle Extends South Zone Discovery by Over 300 metres; Returns 91 m of 1.53% CuEq within 167 m of 1.06% CuEq
Drilling at the NAK copper-gold porphyry project in British Columbia returned 167 m of 1.06% CuEq, including 91 m of 1.53% CuEq, in hole NAK25-57, within 909 m averaging 0.41% CuEq from surface, extending the NAK25-46 discovery more than 100 m west. NAK25-52 returned 85 m of 0.92% CuEq, extending the NAK25-48 zone over 200 m east, bringing the South Zone's east-west strike length to almost 500 m. Almost all of the planned 30,000-metre program is complete, with over 40 holes drilled.
Drill resultsAmerican Eagle Continues to Expand Main Zone, Intersecting 912 m of 0.30% CuEq From Surface
Drilling at the NAK copper-gold porphyry project in west-central British Columbia returned 911.82 m grading 0.30% CuEq (0.16% Cu, 0.10 g/t Au, 1.28 g/t Ag, 71.48 ppm Mo) from 39.5 m in hole NAK25-53, collared within the Babine porphyry stock. Other holes returned 216.15 m of 0.40% CuEq from 381 m (NAK25-56), 200 m of 0.33% CuEq from 56 m (NAK25-60) and 243 m of 0.25% CuEq from 400 m (NAK25-58). About 3,000 m remain of the 30,000-metre 2025 program, with 29 holes still to be assayed.
Drill results