Lodestar Metals Raises $500,000 and Consolidates Shares
Lodestar Metals Corp. announced on September 29, 2025, a private placement of up to $500,000 to fund exploration at its Nevada gold project. The company also plans a share consolidation and has appointed new leadership.
Lodestar Metals Corp. announced on September 29, 2025, its intention to raise up to $500,000 through a non-brokered private placement. The funds are earmarked for exploration and drilling at the company's Goldrun Project in Nevada, as well as for general working capital purposes.
The company also plans to implement a share consolidation, consolidating two existing common shares into one new common share. This move aims to improve the capital structure and enhance investor interest. The units offered in the private placement will each comprise one post-consolidation share and half a share purchase warrant.
In addition to the financing, Lodestar Metals is strengthening its leadership team. Randene Seeman has been appointed as a new Director, bringing over 25 years of experience in the mining and resource sector. Doug Engdahl, a professional geologist and CEO of Axiom Group, has been appointed as a Strategic Advisor.
CEO Lowell Kamin stated that the financing strengthens the company's balance sheet and offers investors an opportunity to participate in the project's development. The share consolidation is intended to tighten the capital structure and attract long-term investors, while the new appointments are expected to add depth and expertise to the team.