Gold Bulletin

Friday, May 8, 2026

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Interesting Company News Today

Nation Gold Announces Approval of Electronic Clearing and Settlement in the US Through DTC

Nation Gold Corp. (CSE: NATN, OTCQB: NATNF) announced that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). This DTC eligibility is expected to simplify trading and enhance liquidity for the Company's shares in the United States. Nation Gold Corp. recently acquired a 100% interest in the Bonito Project in New Mexico, USA, and also holds a 100% interest in the Cattle Creek Project near Vernon, BC. The company is focused on acquiring potential multi-million-ounce precious metals deposits in Tier 1 mining jurisdictions. This development is positioned as a significant step forward for the company and its investors.

Iconic Initiates First Phase of Exploration Program at New Pass Gold Property, Nevada

Iconic Minerals Ltd. (TSXV: ICM, OTCQB: ICMFF) announced the completion of preparations for a major drilling program at the New Pass gold property in Churchill County, Nevada, under a joint venture with McEwen Mining Inc. (TSX: MUX). American Drilling Corporation has mobilized its equipment, with drilling expected to begin within seven days and to be completed in three months. The program will include 20+ holes ranging from 200 to 600 feet, targeting extensions of the current resource and geophysical anomalies. The New Pass property hosts an inferred resource of 15,515,488 short tons at an average grade of 0.022 oz/ton AuEq, containing 341,750 AuEq ounces. The company aims to expand the known mineralization and enhance project value for shareholders.

Aurania Closes Option Agreement with St-Georges to Jointly Advance the Thor Epithermal Gold Project in Iceland

Aurania Resources Ltd. (TSXV: ARU) has closed an option agreement with St-Georges Eco-Mining Corp (CSE: SX) and its subsidiary Iceland Resources ehf to collaboratively advance the Thormodsdalur gold project. Aurania issued 988,359 common shares at a deemed price of C$0.2068 per share, totaling C$204,375 (US$150,000), to St-Georges. To earn a 70% interest in the project, Aurania must incur US$5 million in exploration expenditures over four years, with specific annual minimums. St-Georges may choose to retain a 30% joint venture interest or up to a 3% net smelter return royalty, with Aurania having the right to repurchase 1% of the royalty for US$1,500,000. The agreement outlines a pathway for Aurania to potentially increase its interest to 100% by incurring an additional US$2,000,000 in exploration expenditures.

Rise Gold Provides Litigation Update

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) announced that the Superior Court of California for the County of Nevada has denied its Writ of Mandamus seeking recognition of its vested right to operate the Idaho-Maryland Mine. The Court ruled that any vested mining right was abandoned by no later than 1963, despite Rise's arguments and evidence to the contrary. The Company plans to appeal the decision, and if unsuccessful, may pursue a takings action for just compensation, estimating the mineral estate's value at least $400 million. The outcome is significant for investors as it directly impacts the future value and operations of Rise Gold's principal asset.

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