Lode Gold Submit Documents to Discharge Senior Secured Debt and Advances Fremont Gold Mine into Next Phase of Growth
Lode Gold Submit Documents to Discharge
Senior Secured Debt and Advances Fremont
Gold Mine into Next Phase of Growth
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2026) -
Lode Gold Resources Inc.
(TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company")
is pleased to announce that it
has submitted all necessary discharge documents to release the Company from its senior secured debt
obligations. Upon release, the Fremont Gold Mine — which had been pledged as security — will be free
of encumbrance, and Lode Gold and its subsidiaries will have no outstanding loan obligations.
With the discharge documents signed and submitted, the Fremont Gold Mine will be released from
security, allowing Lode Gold to focus fully on advancing the Fremont Gold Mine through its next phase of
technical development, resource expansion, and corporate growth. Over the next six months, the
Company plans to develop a preliminary mine plan for the Fremont Gold Mine, with the objective of
establishing the technical foundation for environmental studies and permitting work.
The completion of the loan repayment marks an important milestone for Lode Gold, allowing the
Company to focus its financial and technical resources on advancing its flagship Fremont Gold Mine.
With no outstanding loan obligations, the Company is now pursuing technical studies to evaluate
optimized mine plans and advance Fremont toward its next stage of development.
About Lode Gold
Lode Gold has key assets in Canada and United States.
Fremont Gold Mine Project
(Fremont Gold Mining LLC) is a brownfield project in Mariposa, California
with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts. Mining halted in
1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when price was gold was
$35 per oz. PEA was completed (
link
) in 2023. The PEA was based on 1.16 Moz at 1.90 g/t Au within
19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a composite cut-off. Average
true widths at 1 g/t cut off is 53m. MRE (
link
) was updated in 2026; 89% of the ounces were left unmined
if we compare historical production with our current Indicated Resource. Project sits on > 3,000 acres of
100% owned private and patented land which is designated as OZ, Trump Administration Opportunity
Zone (Special Tax Incentives).
Dingman Property
is an orogenic deposit in Ontario, Canada with over 22,000 m drilled, with a 2013
PEA, MRE (
link to report
) : 376,000 oz at 0.94 g/t within 12.5 Mt measured and indicated and 47,000 oz
at 0.71 g/t within 2.1 Mt Inferred.
Qualified Person
The technical information contained in this press release was reviewed and approved by
Gary Wong
,
P.Eng., Vice President of Exploration of Lode Gold, designated as a qualified person under National
Instrument 43-101.
ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director
+1(604) 977-GOLD (4653)
Kevin Shum
Investor Relations
+1(604) 977-GOLD (4653)
Cautionary Statement Regarding Forward-Looking Information
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.
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All
statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation,
statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and
targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words
such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the
business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties,
risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on
site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for,
inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits
and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the
Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled
labour and services needed for the exploration and development of mineral properties; and currency fluctuations.
There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially
from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations
include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual
exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined,
future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks,
regulatory changes, delays or inability to receive required approvals, business disruptions, and other exploration or other risks detailed herein and
from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties"
in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in
accordance with applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/315499