Freeman GOLD Welcomes Strategic Investor Brian Paes-Braga as Insider
FREEMAN GOLD WELCOMES STRATEGIC
INVESTOR BRIAN PAES-BRAGA AS INSIDER
VANCOUVER, BC
,
Oct. 22, 2025
/CNW/ - Freeman Gold Corp. (TSXV: FMAN) (OTCQB: FMANF)
(FSE: 3WU) ("
Freeman
" or the "
Company
") is pleased to announce the addition of a new Strategic
insider to its shareholder base. Freeman welcomes
Brian Paes-Braga
, marking a significant
milestone in the Company's growth trajectory. This addition reflects strong confidence in Freeman's
vision and the long-term potential of its flagship Lemhi Gold Project in
Idaho, USA
.
Bassam Moubarak
, CEO of
Freeman Gold
, commented, "We are thrilled to welcome Brian as an
investor in Freeman. His support underscores the strength of our asset. This partnership aligns with
our commitment to advancing the Lemhi Project toward production and delivering long-term value to
all shareholders."
Brian Paes-Braga
commented, "Lemhi Project represents a unique opportunity to unlock significant
value through responsible development and strategic execution in mining friendly
Idaho
,
United
States
. I believe the asset has been overlooked by the market, Management has the vision and the
potential to build a successful gold company. I look forward to supporting the team as they advance
toward production and create long-term value for all stakeholders."
The Company has been advised that following open market purchases through alternative trading
platforms by Brian Paes-Braga (the "
Acquiror
") of 5,000,000 common shares of the Company
("
Common Shares
") at a price of
$0.2108
per Common Share for total consideration paid by the
Acquiror of
$1,054,200
(the "
Acquisition
"), the Acquiror has beneficial ownership, control or
direction of 15,650,000 Common Shares representing 5.09% of the issued and outstanding Common
Shares, and would have beneficial ownership, control or direction of 37,541,110 Common Shares
representing 11.39% of the Common Shares on a partially diluted basis assuming the conversion or
exercise of Convertible Debentures, Warrants, and Stock Options of the Company held by the
Acquiror. The Acquiror has beneficial ownership of
$1,000,000
of Convertible Debentures
representing 20.00% of the issued and outstanding Convertible Debentures, 15,555,555 Warrants
representing 15.26% of the issued and outstanding Warrants, and 780,000 Stock Options
representing 3.29% of the issued and outstanding Stock Options. Prior to the Acquisition, the
Acquiror had beneficial ownership, direction or control of 10,650,000 Common Shares, representing
3.46% of the issued and outstanding Common Shares. The Company has been advised that the
Acquiror acquired these securities for investment purposes and the Acquisition will be disclosed in an
early warning report to be filed under the Company's SEDAR+ profile. The Acquiror may in the
future acquire or dispose of securities of the Company through the market, privately or otherwise, as
circumstances or market conditions warrant.
Mr.
Brian Paes-Braga
is the Managing Partner at SAF Group, he is Executive Chairman of NG
Energy International Corp. and is the Founder, CEO and Chairman of The Metals Royalty Co. Mr.
Paes-Braga attended the Owner President Management (OPM) Program at
Harvard Business
School
.
About the Company and Project
Freeman Gold Corp. is a mineral exploration company focused on the development of its 100%
owned Lemhi Gold property. The Project comprises 30 square kilometres of highly prospective land,
hosting a near-surface oxide gold resource. The pit constrained National Instrument 43-101 ("
NI 43-
101
") compliant mineral resource estimate is comprised of 988,100 ounces gold ("
oz Au
") at 1.0
gram per tonne ("
g/t
") in 30.02 million tonnes (4.7 million tonnes Measured (168,800 oz) & 25.5
million tonnes Indicated (819,300 oz)) and 256,000 oz Au at 1.04 g/t Au in 7.63 million tonnes
(Inferred). The Company is focused on growing and advancing the Project towards a production
decision. To date, 525 drill holes and
92,696 m
of drilling has historically been completed (Murray
K., Elfen, S.C., Mehrfert, P., Millard, J., Cooper, Schulte, M.,
Dufresne
, M., NI 43-101 Technical
Report and Preliminary Economic Assessment, dated
November 20, 2023
;
www.sedarplus.ca
).
The recently updated price sensitivity analysis (see Freeman's news release dated
April 9, 2025
)
shows a PEA with an after-tax net present value (5%) of
US$329 million
and an internal rate of
return of 28.2% using a base case gold price of
US$2,200
/oz; Average annual gold production of
75,900 oz Au for a total life-of-mine of 11.2 years payable output of 851,900 oz Au; life-of-mine cash
costs of
US$925
/oz Au; and, all-in sustaining costs of
US$1,105
/oz Au using an initial capital
expenditure of
US$215 million
*.
*Note: Mineral resources that are not mineral reserves do not have demonstrated economic viability.
The preliminary economic assessment is preliminary in nature, that it includes inferred mineral
resources that are considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves, and there is no
certainty that the preliminary economic assessment will be realized.
The technical content of this release has been reviewed and approved by
Dean Besserer
, P. Geo.,
the VP Exploration for the Company and a Qualified Person as defined by the NI 43-101.
On Behalf of the Company
Bassam Moubarak
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking Statements:
This press release contains "forward
looking information or
statements" within the meaning of Canadian securities laws, which may include, but are not limited
to, all statements related to the 2023 PEA, statements relating to exploration, results therefrom,
and the Company's future business plans, and statements regarding the price sensitivity analysis
and impact thereof on the evaluation of the Project's economic potential. All statements in this
release, other than statements of historical facts that address events or developments that the
Company expects to occur, are forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not always, identified by the words
"expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although
the Company believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance and actual
results may differ from those in the forward-looking statements. Such forward-looking information
reflects the Company's views with respect to future events and is subject to risks, uncertainties,
and assumptions. The reader is urged to refer to the Company's reports, publicly available on
SEDAR+ at
www.sedarplus.ca
for a more complete discussion of such risk factors and their
potential effects. The Company does not undertake to update forward
looking statements or
forward
looking information, except as required by law.
SOURCE
Freeman Gold Corp.
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For further information:
For further information, please visit the Company's website at
www.freemangoldcorp.com or contact Mr. Bassam Moubarak at by email at
CO: Freeman Gold Corp.
CNW 07:30e 22-OCT-25