In a strategic move that has caught the attention of the investment community, Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) has filed an early warning report with the relevant authorities. This report details the company’s disposition of an aggregate of 4,885,000 common shares in Athena gold corporation between September 29, 2026and June 8, 2026.
The transaction, which has now been formally disclosed, marks a significant shift in the ownership structure of Athena Gold Corporation. This move by Carlton Precious Inc. is not just a routine financial maneuver but a calculated step that could have far-reaching implications for both companies involved.
Understanding the Transaction
Prior to the disposition, Carlton Precious Inc. held a substantial stake in Athena Gold Corporation, beneficially owning and controlling an aggregate of 55,000,000 common shares. This represented approximately 21.07% of the issued and outstanding common shares as of September 26, 2026. The recent disposition has altered this landscape considerably.
As of June 8, 2026, following the completion of the dispositions, Carlton Precious Inc. now beneficially owns and controls an aggregate of 5,093,212 common shares. This translates to approximately 14.22% of the issued and outstanding common shares, a notable reduction from their previous holding. The company’s ownership, as of the date of the report, stands at approximately 14.21% on an undiluted basis and on a partially diluted basis.
The Strategic Implications
All securities of Athena Gold held by Carlton Precious Inc. are held for investment purposes. This strategic holding indicates the company’s long-term interest in the precious metals sector. However, the recent disposition suggests a potential shift in strategy or a response to changing market conditions.
Looking ahead, Carlton Precious Inc. may choose to increase or decrease its ownership in Athena Gold Corporation depending on various factors. These include market conditions, the business prospects of Athena Gold, and other relevant considerations. This flexibility allows the company to adapt its investment strategy as circumstances evolve.
About Carlton Precious Inc.
Carlton Precious Inc. is a publicly traded precious and base metals exploration company listed on the TSX Venture Exchange. The company is managed by a team of experienced mining and geological professionals, ensuring a robust approach to exploration and investment.
The company’s projects are strategically focused on key mining jurisdictions, including Peru and Australiaspecifically in central Victoria and Tasmania. These regions are known for their rich mineral deposits and favorable mining conditions, making them ideal locations for exploration and development.
For further information, interested parties can contact Martin WalterCEO of Carlton Precious Inc., at +1-416-389-5692 or via email at martin@.
It is important to note that neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Investors are advised to conduct their own due diligence before making any investment decisions.
Forward-Looking Statements
This news release contains certain forward-looking information within the meaning of applicable securities laws. Such information is characterized by words like “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed”, and other similar expressions.
These statements are based on the opinions and estimates of management at the time the information is provided and are subject to a variety of risks and uncertainties. Factors that could cause actual events or results to differ materially from those projected in the forward-looking information include changes in market conditions, the business and prospects of Athena Gold Corporation, and other relevant factors.
For a comprehensive understanding of the risks and uncertainties facing Carlton Precious Inc. and its business, readers are encouraged to refer to the company’s Management’s Discussion and Analysis. The company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. Investors are cautioned not to place undue reliance on such forward-looking statements.
