More Reasons to Watch Lahontan Gold

New board members suggest Lahontan Gold is serious despite its 4 cent stock price

Lahontan Shares are just getting started!

I have been pounding the table on this penny gold company over the past couple of weeks not only for my own subscribers but for those Substack followers who I would like to have joint me as a paid subscriber. And I should tell you that I have increased my own holdings by 150% over the past couple of weeks as well.

J Taylor's Gold Energy & Tech Stocks is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

So, yes I am “talking my book.” But my interview with CEO Kimberly Ann which you can view here along with news of a significant upgrade in the company’s board of directors reported yesterday has convinced me more than ever that despite a US 3.5 cent share price, this is a very serious story.

To start with the company’s Santa Fe gold project in Nevada reports a gold resource of nearly 2 million ounces and a PEA which at $2,705 gold provides a 5% discounted NPV of more than 26 times its current market cap.

Today the company announced that it is in the process of raising C$2 million through aprivte placements unit offering. Today, when I spoke with Kimberly Ann, she suggested that her C$2 million private placement units offering book is rapidly filling up at C$0.05 per unit. Each unit is comprised of one share and 1/2 warrant. A full warrant can be converted into an additional share at C$0.08. Based on my conversation with Kimberly, I would not be surprised if the private placement is up-sized beyond C$2 million. The deal has an acceleration clause that allows the company to call the warrants for conversion if the shares trade over C$0.12 for 10 consecutive trading days.

The Upgraded Board Says Lahontan is a Serious Deal

A review of the following bios of new board member additions that have come along with two major institutional shareholders, ASA Gold and Precious Metals and Extract Capital strongly suggest that Lahontan is a serious deal despite its US$0.035 share price.

Shane Williams: Mr. Williams is currently chief executive officer, president and director of West Red Lake Gold Mines, bringing the Madsen gold mine back into production. Prior to joining West Red Lake, he was the chief operating officer for Skeena Resources, where he was involved in advancing the past-producing Eskay Creek gold project toward a restart. Between 2013 and 2019, he was vice-president of operations and capital projects at Eldorado Gold, where, under his leadership at the Lamaque gold project, he brought the project from preliminary economic assessment to commercial operation in just 18 months. He also served as project director for Eldorado Gold for its Greek assets and was responsible for the development of both the Skouries and Olympias projects, which together had capital expenditures of over $1-billion (U.S.). He has extensive open-pit development experience from his time working with Rio Tinto at the Iron Ore Company of Canada and at Kaunis iron in northern Sweden where he, as project director, was responsible for the successful staged development of this large, open-pit iron ore operation from early exploration into commercial operation over a rapid 3.5-year period. He has a BEng in electrical engineering from the Dublin Institute of Technology, Ireland, and an MSc in project management from the University of Limerick, Ireland.

Evan Pelletier: Mr. Pelletier is a senior mining professional with over 30 years of underground mining experience, where he has spent most of his career, working for Lakeshore Gold and other gold mining companies. Internationally, he has contracted roles in Mongolia, Argentina and Africa. Highly respected among his peers, he is an industry leader as it relates to new technology, innovation and mining operations. His responsibilities have included mill processing, environmental, paste plant, tailings and underground operations with a primary focus on safety, quality mining and people management within operations. He is currently a mining executive at Americas Gold & Silver, serving as interim general manager at its Galena underground mine in Wallace, Idaho. Previously, he held the role of vice-president of mining, Kirkland Lake, Ont., Canada (2020 to 2022), and was mine manager at Kirkland Lake Gold, Macassa mine (2016 to 2020). He was part of the team that built Kirkland Lake Gold from a valuation of $400-million in 2016 to $13-billion by 2022 when merged with Agnico Eagle. One of the major accomplishments includes the sinking of a nearly 2,000-metre-deep shaft at a budget of $450-million, effectively on time and on budget.

Max Pluss: Mr. Pluss is senior investment professional with experience overseeing investment origination, due diligence, transaction structuring, portfolio monitoring, capital raising and fund operations across the hedge fund, private equity and venture capital asset classes. In his role, he has also served as an adviser to public and private company management teams and boards on corporate development, due diligence, market positioning and capital formation. He is the founder of Rhea Capital Management, a private investment company focused on backing and incubating disruptive and mission-driven companies, providing capital, strategic guidance and management expertise to early- and growth-stage opportunities. Previously, he was a junior analyst and subsequently an analyst at Extract Capital, a hedge fund focused on equity and credit investments in natural resources, including in mining, energy, renewables, fertilizer, timber, water, support services and other real assets. He began his career as associate at a boutique consulting company, advising public company chief executive officers on market positioning and assisting with idea generation for fund managers in North America and Europe. He received his BA from Colorado College and MBA degrees from Columbia University and London Business School.

There are never any guarantees in the mining business, but give all this company has going for it, I think the risk/reward is highly favorable. I personally believe a 10 fold increase in the value of these shares from US$0.035 to US$0.35 is not a huge stretch. Time will tell but I will be following this company as well as many more in my newsletter, J Taylor’s Gold, Energy & Tech Stocks.

Stay tuned and best wishes.

Jay Taylor

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