Cassiar Gold Corp. (listed as TSXV: GLDC and OTC/OTCQX: CGLCF) is announcing its intent to file with the TSX Venture Exchange for authorization to amend the expiry of certain common share purchase warrants originally issued in connection with a private placement completed in May 2026. The company notes the two-year warrant term currently ends on “Original Expiry Date” May 3, 2026 and that it is proposing a one-month warrant extension to “Warrant Extension” June 3, 2026.
This initial paragraph lays out the corporate action being sought and the specific dates involved.
The proposed amendment would not alter any other condition of the instruments: the exercise price of the warrants will remain fixed at $0.50 per warrant. The Warrant Extension is subject to the acceptance of the TSXV, and the exchange may require that the company obtain consents from those warrant holders who have already exercised warrants prior to the “Original Expiry Date”. Readers should understand this as a procedural application rather than a change in economic terms of the securities.
Table of Contents:
Warrant extension process and implications
The company will submit formal documentation to the TSX Venture Exchange requesting the one-month amendment and expects the exchange to evaluate the proposal under its policies. If the TSXV accepts the filing, it may nonetheless impose conditions, including a requirement to secure approvals from certain warrant holders who exercised earlier than the “Original Expiry Date”. No other features of the securities are being modified: there is no change to dilution profiles beyond the existing terms, and the exercise price stays at $0.50. Investors and stakeholders should view this as a narrowly tailored timing adjustment intended to provide an additional window for exercise without altering holders’ contractual rights.
Assets and resource overview
Cassiar North and the Taurus deposit
The company retains a 100% interest in the flagship Cassiar Gold Property in British Columbia, which covers approximately 590 km2 and is divided into principal project areas. In Cassiar North, the Taurus deposit benefits from an updated Mineral resource estimate (MRE) prepared in accordance with NI 43-101 standards. That pit-constrained MRE reports Indicated Mineral Resources of 8.8 million tonnes grading 1.43 g/t Au for approximately 410,000 ounces of gold, plus Inferred Mineral Resources of 63.2 million tonnes at 0.95 g/t Au totalling about 1.93 million ounces of gold using a 0.4 g/t Au cut-off grade. Notably, roughly 91% of those ounces are situated within 150 m of surface (see the NI 43-101 Technical Report prepared by Zelligan, P.Geo., and Jolette, P.Geo., effective June 8, 2026).
Cassiar South, Sheep Creek and historical production
Cassiar South contains numerous gold showings, historical workings, and exploration targets where past mining produced high-grade material. Historical underground operations in the Cassiar South area have yielded over 315,000 ounces of gold at average head grades in the range of 10–20 g/t Au, underscoring potential for discovery and resource expansion (refer to the NI 43-101 Technical Report, effective June 8, 2026). In addition, Cassiar Gold holds full ownership of properties covering most of the Sheep Creek gold camp near Salmo, a district that ranks as the third-largest past-producing orogenic gold district in British Columbia for the period 1900 to 1951. Exploration activity has been limited since the 1950s, leaving room for modern programs to add value.
Regulatory, technical verification and forward-looking statements
The technical content in this release has been reviewed and approved by Jill Maxwell, P.Geo., who serves as VP Exploration and is a Qualified Person under NI 43-101. As with all corporate communications, this release contains forward-looking statements concerning the company’s plans, the outcome of the Warrant Extension application, the possible need for consents from warrant holders, and future exploration programs or work commitments. Actual results may differ materially because of risks such as market conditions, exploration and operational uncertainties, regulatory changes, commodity price volatility, weather, and availability of services. The company disclaims any obligation to update forward-looking information except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This release is not for distribution to United States newswire services or for dissemination in the United States. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295663
