Key facts
| Company | American Eagle Gold (TSXV: AE) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About The NAK Project
The company’s mission is to explore in an effort to discover a world-class copper and gold deposit located in Canada.NAK is located in the Babine Copper-Gold Porphyry district in central British Columbia, one of the richest copper districts in the world.LEARN MORE +
News releases9 on file
American 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.
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-
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 metr
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 be
FinancingAmerican 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 suppo
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 throug
Drill resultsAmerican 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 coppe
FinancingAmerican 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 m
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$10,923,4
Financing