# Lahontan Closes Third Tranche of Private Placement for an Aggregate of $13.2M Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lahontan-closes-third-tranche-of-private-placement-for-an-aggregate-of-13-2m--d18ed40d-bd72-4556-9f94-c1d343086b51 Original source: https://money.tmx.com/en/quote/LG/news/8052008714698943/lahontan-closes-third-tranche-of-private-placement-for-an-aggregate-of-13-2m Publisher: tmx Original announcement: 2026-04-02T21:15:00.000Z 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: Resource update, Capital raise - Extracted: 2026-09-18 06:49:29 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Lahontan Gold Corp. has closed the third tranche of a non-brokered private placement, bringing total aggregate gross proceeds from the offering to CAD$13.2 million. The funds are earmarked for exploration at the Santa Fe Mine and West Santa Fe projects and general working capital. Reasoning: The document announces the successful completion of a multi-tranche capital raise to fund exploration, alongside a restatement of existing mineral resource figures for the Santa Fe Mine. - Positive factor: Successful closing of third tranche of private placement - Positive factor: Significant aggregate proceeds of CAD$13.2M raised - Positive factor: Resource disclosure provides baseline context for project value - Negative factor: Capital raise involves dilution via new shares and warrants Facts used in scoring: 5 ## Classification and evidence **capital\_raise** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The primary focus is the closing of a third tranche of a private placement. Evidence · text > Lahontan Closes Third Tranche of Private Placement for an Aggregate of $13.2M **resource\_update** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document restates existing Indicated and Inferred mineral resources for the Santa Fe Mine. Evidence · text > The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/lahontan-closes-third-tranche-of-private-placement-for-an-aggregate-of-13-2m--d18ed40d-bd72-4556-9f94-c1d343086b51#fact-resource-facts-1) Santa Fe Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Santa Fe Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: LG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian J. Maher - Resource group id: resource:283c9cba2157028b14c5 #### Resource Data - Category: indicated - Tonnes: 48393000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 1539000 - Contained Unit: oz au eq #### Metal Equivalent - Metal Eq. Grade: 0.99 - Metal Eq. Unit: g/t Au Eq #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-02T00:00:00.000Z Reasoning: Restatement of existing resource data. - Positive factor: NI 43-101 compliant Evidence · text > Indicated Mineral Resource of 1,539,000 oz Au Eq \(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/lahontan-closes-third-tranche-of-private-placement-for-an-aggregate-of-13-2m--d18ed40d-bd72-4556-9f94-c1d343086b51#fact-resource-facts-2) Santa Fe Mine · silver Historical result Needs review: historical\_restatement #### Identity - Project: Santa Fe Mine - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: LG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian J. Maher - Resource group id: resource:283c9cba2157028b14c5 #### Resource Data - Category: indicated - Tonnes: 48393000 - Grade: 7.18 - Grade Unit: g/t #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-02T00:00:00.000Z Reasoning: Restatement of existing resource data. - Positive factor: NI 43-101 compliant Evidence · text > 7.18 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lahontan-closes-third-tranche-of-private-placement-for-an-aggregate-of-13-2m--d18ed40d-bd72-4556-9f94-c1d343086b51#fact-resource-facts-3) Santa Fe Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Santa Fe Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: LG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian J. Maher - Resource group id: resource:ffa0c009ff2efc75ce78 #### Resource Data - Category: inferred - Tonnes: 16760000 - Grade: 0.74 - Grade Unit: g/t - Contained Metal: 411000 - Contained Unit: oz au eq #### Metal Equivalent - Metal Eq. Grade: 0.76 - Metal Eq. Unit: g/t Au Eq #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-02T00:00:00.000Z Reasoning: Restatement of existing resource data. - Positive factor: NI 43-101 compliant Evidence · text > Inferred Mineral Resource of 411,000 oz Au Eq \(16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lahontan-closes-third-tranche-of-private-placement-for-an-aggregate-of-13-2m--d18ed40d-bd72-4556-9f94-c1d343086b51#fact-resource-facts-4) Santa Fe Mine · silver Historical result Needs review: historical\_restatement #### Identity - Project: Santa Fe Mine - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: LG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian J. Maher - Resource group id: resource:ffa0c009ff2efc75ce78 #### Resource Data - Category: inferred - Tonnes: 16760000 - Grade: 3.25 - Grade Unit: g/t #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-02T00:00:00.000Z Reasoning: Restatement of existing resource data. - Positive factor: NI 43-101 compliant Evidence · text > 3.25 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## 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.