Newcore Gold Receives $10.3 Million from Warrant Exercises
Newcore Gold announced on March 2, 2026, that it has received approximately $10.3 million from the exercise of 20.5 million common share purchase warrants prior to their expiry.
Vancouver, BC – Newcore Gold Ltd. announced on March 2, 2026, that it has received approximately $10.3 million from the exercise of 20,548,000 common share purchase warrants. The warrants had an exercise price of $0.50 and expired on February 27, 2026.
The proceeds from the warrant exercise, combined with the company's existing cash on hand, will assist Newcore Gold in advancing its Enchi Gold Project. The company aims to complete a Pre-Feasibility Study by the end of June 2026. This funding also supports the ongoing 45,000-meter drill program, focused on exploration drilling at depth to further delineate the project's resource potential.
With the additional capital, the company will evaluate opportunities to expand its drill program and conduct further technical work to refine the project's technical merits. CEO Luke Alexander thanked shareholders for their continued support and confidence, highlighting that management and the board collectively hold approximately 13% of the company's shares.
Following the exercise and expiry of the warrants, the company's share capital consists of 284,385,640 issued common shares, 9,000,000 stock options, and 6,742,665 RSUs and PSUs. Newcore Gold is advancing the Enchi Gold Project located in Ghana, Africa's largest gold-producing region.