Gold Bulletin

Friday, August 21, 2026

Gold Market Context: Macro Drivers

Key macro instruments that drive gold price movements: dollar, yields, risk appetite

Market Commentary

Today's Interesting Company News

Thunder Mountain Gold Announces Closing of Private Placement

(TSXV: THM) (OTCQB: THMG) Thunder Mountain Gold, Inc. has closed its non-brokered private placement consisting of 8,090,451 units at a price of US$0.70 (CAD$1.00) per unit for gross proceeds of US$5,663,316 (CAD$8,090,451). Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of US$1.00 (CAD$1.42) for a period of 24 months from the date of issuance. The proceeds will be used for advancing the South Mountain Project, including drilling, assaying, geophysical surveys, and general administration. The company paid a cash finder's fee to four Canadian brokers in the aggregate amount of US$66,563 (CAD$94,525) and issued an aggregate of 94,089 non-transferable common share purchase warrants as finder warrants. Each finder warrant entitles the holder to acquire one common share at a price of US$1.00 (CAD$1.42) per finder warrant share for a period of 24 months from the date of issuance. The private placement remains subject to the final approval of the TSX Venture Exchange.

Fairchild Gold Advances Toward Drilling at Nevada Titan as Geophysics Sharpens Porphyry Targeting

(TSXV: FAIR) (OTCQB: FCHDF) Fairchild Gold Corp. provided an exploration update on its Nevada Titan Project in the historic Goodsprings Mining District of southern Nevada, where independent geophysical interpretation has identified five priority exploration targets for further refinement prior to drill testing. The integrated interpretation, prepared by Wave Geophysics, LLC, combined multiple geological, geochemical and geophysical datasets, including regional geology, soil and rock geochemistry, high-resolution UAV magnetics, CSAMT resistivity, legacy Titan-24 induced polarization/resistivity data and regional gravity and magnetic information. Three-dimensional magnetic susceptibility modelling identified a large, deep, low-susceptibility body interpreted as a possible porphyritic intrusion. Five priority targets have now been identified, with Targets 1 and 2 emerging as the highest priority areas for continued refinement and potential Phase 1 drilling. Nevada Titan is located approximately 35 kilometers southwest of Las Vegas in Nevada's historic Goodsprings Mining District. Fairchild Gold Corp. is a Nevada-focused mineral exploration and development company with a portfolio of three complementary assets: Nevada Titan, Golden Arrow and Carlin Queen. Golden Arrow provides Fairchild with an established open-pit gold-silver resource within the prolific Walker Lane mineral belt, while Carlin Queen provides additional gold-silver exploration exposure near the intersection of the Carlin and Midas-Hollister mineral trends.

Metals One: Updates Regarding Lions Bay & Barbrook Gold Project

(AIM: MET1, OTCQB: MTOPF) Metals One Plc provided updates on the Business Rescue Plan for the Barbrook Gold Mine in Mpumalanga Province, South Africa, which was approved on 16 April 2026. The Phase 1 mine plan has been finalised, targeting first gold within six months using existing plant and infrastructure. An offtake agreement has been signed covering 100% of gold concentrate for the first three years of production from August 2026. The Barbrook mine holds a mining authorisation over 2,286 hectares and comprises an approximate 2.1 million ounce historical underground gold resource. Minxcon (Pty) Limited has been appointed to prepare a Competent Persons Report, with the final report expected in October 2026. Legal action by Goldstream (Pty) Ltd remains ongoing, with hearings scheduled for 3 September 2026 and 12 October 2026. LBR has established a presence on site and has paid for site security since September 2025.

FIN Resources Launches Summer Drill Program at its Cabin Lake Gold Project

(ASX:FIN) FIN Resources has launched a summer drill program at its Cabin Lake gold project in Canada’s Northwest Territories. The fully funded program comprises 15 planned diamond holes across 14 priority targets. Previous gold hits at Cabin Lake included 26.1m at 12.0g/t and 7.8m at 18.2g/t. One recent hole at the Arrow prospect delivered 26.1m at 12g/t Au from 14.9m, including 5m at 59.8g/t. Another hole at Arrow pierced 7.84m at 18.2g/t Au from 12.66m, with a richer 4m interval grading 35g/t. Recent drilling at Beaver returned 6m at 2.75g/t Au from 39m, including 3.0m at 5.16g/t from 42m. At Andrew South, one hole served up 7.0m at 1.46g/t Au from 78m, including 2.0m at 4.90g/t from 62m.

Seabridge Gold Reports Gitxsan Government Has Called for Meaningful Consultation and Collaboration With Tsetsaut Skii Km La Hax

(TSX:SEA, NYSE:SA) Seabridge Gold Inc. reports that it has received a copy of a letter sent to the BC Environmental Assessment Office and others by the Gitxsan Huwilp Government withdrawing its September 4, 2013 letter of support for Seabridge's KSM Project. The BC Supreme Court decision released on June 8, 2026 found that the BCEAO did not fulfil its duty to consult TSKLH and ordered the BCEAO to further consult TSKLH by giving them 90 days to present written submissions addressing the question of whether the KSM Project was substantially started. The deadline for TSKLH to provide its written submissions to BCEAO is September 28, 2026. More than $1.4 billion has been invested to date to advance the KSM Project, including more than $650 million since 2021. Seabridge has awarded approximately $515 million in contracts to Indigenous-affiliated businesses over the past four years, including TSKLH and Gitxsan companies. Seabridge Gold holds a 100% interest in several North American gold projects, with principal assets being the KSM and Bronson Corridor projects in British Columbia's Golden Triangle, and additional projects including Snowstorm in Nevada's Getchell Gold Belt and the 3 Aces project in the Yukon.

Greenheart Gold Commences Initial Diamond Drill Program at the Tosso Creek Project, Suriname, Targeting Below Recent Trench Results That Include Intervals of 56.0 M @ 0.97 G/t Au and 7.0 M @ 4.57 G/t Au

(TSXV: GHRT) (OTCQX: GHRTF) Greenheart Gold Inc. has commenced a 2,000 meters (m) diamond drilling program at its Tosso Creek Project in Suriname, starting at the Walaba target with drilling at the Swalanga target to follow. Trench results at Walaba include 52.0 m @ 0.77 grams per tonne of gold (g/t Au) in TOST26-021A, including 4.0 m @ 1.68 g/t Au and 6.0 m @ 1.29 g/t Au. Trench TOST26-024 at Walaba intersected 7.0 m @ 4.57 g/t Au (including 4.0 m @ 7.89 g/t Au), and 23.0 m @ 0.86 g/t Au (including 5.0 m @ 2.79 g/t Au). At the Swalanga target, trench TOST26-030A returned 56.0 m @ 0.97 g/t Au, including 11.0 m @ 1.53 g/t Au, 8.0 m @ 1.25 g/t Au and 16.0 m @ 1.01 g/t Au. Additional trenching has been completed at Swalanga, with assay results pending over much of the sampled lengths. The results from this trenching program will be used to assess the continuity of mineralization over a strike length of approximately 900 m. All scientific and technical information in this press release has been reviewed and approved by Justin van der Toorn, President and CEO of Greenheart Gold, and a Qualified Person under Canadian National Instrument 43-101.

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