American Eagle Announces Exercise of All Outstanding 2025 Warrants
American Eagle Announces Exercise of All
Outstanding 2025 Warrants
Toronto, Ontario--(Newsfile Corp. - January 28, 2025) -
American Eagle Gold Corp.
(TSXV: AE)
(OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that there are no
remaining 2025 warrants outstanding. With the exercise of these 2025 warrants, the only existing
warrants left within the Company are approximately 470,000 finder's warrants outstanding with a strike
price of $1.04 expiring May 17, 2026.
"We are pleased to announce that we have no more 2025 warrants outstanding, which cleans up our
capital structure and strengthens our position. We thank our shareholders for their continued support
through this latest warrant exercise as we enter 2025 on firm footing and funding to execute up to three
more seasons of exploration. This gives us a clear path to de-risk the project and outline the potential for
NAK. We look forward to announcing our drilling and exploration plans for 2025 in the coming weeks,"
said CEO Anthony Moreau.
About American Eagle's NAK Project
The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has
excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and
Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and
geophysical, geological, and geochemical work at NAK, which began in the 1960's, tested only to
shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over
1.5 km x 1.5 km. Drilling completed in 2022, 2023, and 2024 by American Eagle has returned significant
intervals of high-grade copper-gold mineralization that reach beyond and much deeper than the historical
drilling, indicating that zones of near-surface and deeper mineralization, locally with considerably higher
grades, exist within the broader NAK property mineralizing system.
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About American Eagle Gold Corp.
American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British
Columbia, Canada. The Company benefits from over $37 million in cash, bolstered by two strategic
equity partnerships formed in the past two years with Teck Resources and South32. With substantial
financial and technical resources, American Eagle Gold is well-positioned to drill, de-risk, and define the
full potential of the NAK Copper-Gold porphyry project.
Anthony Moreau, Chief Executive Officer
416.644.1567
www.americaneaglegold.ca
Forward-Looking Statements
Certain information in this press release may contain forward-looking statements. Forward-looking
statements in this press release include, but are not limited to, statements regarding whether the
Company will be able to complete the Offering as anticipated, the receipt of regulatory approval,
including the approval of the TSX Venture Exchange, to complete the Offering, the intended use of
proceeds and intended drill program or its anticipated results at the Company's NAK project, the ability
of the Company to make the qualifying expenditures as anticipated by management, and other matters
ancillary or incidental to the foregoing. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ
materially from those suggested in forward-looking statements. American Eagle Gold Corp. assumes no
obligation to update the forward-looking statements or to update the reasons why actual results could
differ from those reflected in the forward looking-statements unless and until required by securities laws
applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is
contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are
available under American Eagle Gold Corp. profile at
www.sedarplus.ca
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX
Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/238622