- Major miner Kinross Gold (TSX:K) exercised 3,787,118 warrants for shares of Eminent Gold (TSXV:EMNT), representing gross proceeds of C$2,650,983, increasing its stake in the junior mining company from 9.7 per cent to 13.8 per cent on a partially diluted basis
- Eminent Gold is a mineral exploration company after high-quality gold deposits in Nevada
- The junior gold stock has added 64.71 per cent year-over-year
Major miner Kinross Gold (TSX:K) exercised 3,787,118 warrants for shares of Eminent Gold (TSXV:EMNT), representing gross proceeds of C$2,650,983, increasing its stake in the junior mining company from 9.7 per cent to 13.8 per cent on a partially diluted basis.
The company issued Kinross an incentive warrant for each warrant exercised, each of which grants it the right to acquire an additional Eminent Gold share for C$1.50 until May 2, 2027.
The investment increases Kinross’ exposure to three projects in Nevada’s most prolific corridors, including:
- The Hot Springs Range project near the Carlin, Battle Mountain-Eureka and Getchell trends, highlighted by a discovery drillhole of 9.2 metres at 3.2 grams per ton (g/t) of gold. Drilling and seismic surveys are planned for Q2 2026.
- The Gilbert South project on the Walker Lane Trend, boasting epithermal vein corridors measuring between 1.5–2.5 km of strike length, supported by rock chip samples yielding between 7.4-143 g/t gold across the land package.
- The Celts project, also on the Walker Lane Trend, where drilling planned for Q3 2026 will explore analogies to AngloGold Ashanti’s nearby 3.4-million-ounce Silicon deposit.
Eminent’s leadership team brings a proven history of delivering exponential shareholder value, including an 18x return through Keegan Resources and a 5x return through Cayden Resources, significantly de-risking the company’s growth plans.
Management commentary
“I would like to thank Kinross for their support. The proceeds from their warrant exercise will enable us to resume drilling at our 100-per-cent-owned Hot Springs Range project in the near term and to advance our Celts project toward drilling in the coming months,” Dan McCoy, chief executive officer of Eminent Gold, said in Tuesday’s news release.
“We are also appreciative of Kinross’ continued engagement with our technical team, as their insights have been and continue to be valuable to Eminent,” McCoy added. “Their participation provides further validation of the new oxide, Carlin–style gold system we are in the early stages of identifying.”
About Eminent Gold
Eminent Gold is a mineral exploration company after high-quality gold deposits in Nevada.
Eminent Gold stock (TSXV:EMNT) is down by 9.68 per cent on the news trading for C$0.56 as of 10:43 am ET. The stock has added 64.71 per cent year-over-year.
Join the discussion: Find out what investors are saying about this Nevada gold stock on the Eminent Gold Corp. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
For full disclaimer information, please click here.
