Lake Victoria Gold is pleased to announce the appointment of Richard Reynolds to its Board of Directors. Mr. Reynolds brings over three decades of experience in mining, infrastructure, logistics, and commercial development, with a strong track record of success across East Africa and the UAE. Mr. Reynolds' appointment marks an important step in strengthening LVG's strategic partnership with Taifa Group and Taifa Mining [...]
Lake Victoria Gold is pleased to provide an update on the Q3 and Q4 2024 exploration activities conducted by Bulyanhulu Gold Mine Limited , a partnership between Barrick Gold Corp. and the Government of Tanzania, on the licenses LVG sold to Buly in 2022 . Buly continues to advance exploration at the Project, targeting extensions of Bulyanhulu-style mineralization. A combination of aircore drilling , geochemical screening [...]
Lake Victoria Gold Ltd. is pleased to announce that it has completed the acquisition of mining licence ML 538/2015 comprising the Imwelo gold project located in Tanzania through the Company's wholly-owned subsidiary Tembo Gold Tanzania Limited , as initially announced in the Company's press release dated August 10, 2023. Pursuant to the terms of the licence purchase agreement dated August 9, 2023, as amended, among the [...]
Lake Victoria Gold Ltd. is pleased to announce that on November 30th 2024 a non-binding term sheet was signed with Monetary Metals & Co. for a pre-paid forward arrangement . The PPF includes a forward purchase of 7,000 ounces of gold to support the start-up and ongoing development of the Imwelo Mine in Tanzania. Additionally, MM will be entitled to an offtake of 100% of LVG's authorized export production, up to 100,000 [...]
Lake Victoria Gold Ltd. is pleased to announce that the Tanzanian Mining Commission has officially completed the 10-year renewal and authorization to transfer the Imwelo Mining License to LVG, indirectly through its wholly-owned subsidiary Tembo Gold Tanzania Limited. This significant milestone secures LVG's long-term rights to the Imwelo Project and provides a solid foundation for the Company's growth and development [...]
Lake Victoria Gold is pleased to provide an update on the Q1 and Q2 2024 exploration activities conducted by Bulyanhulu Gold Mine Limited , a partnership between Barrick Gold Corp. and the Government of Tanzania, on the licenses LVG sold to Buly in 2022. Q1-Q2 Exploration Highlights: Rainy Season Impacts: The first quarter was significantly hampered by an exceptionally wet season, delaying field operations. Despite this [...]
Lake Victoria Gold is pleased to announce that all required documentation has been successfully submitted to the Tanzanian Mining Commission for both the 10-year renewal of the Imwelo Mining License and the transfer of the mining license to LVG. This submission includes updated Mining, Environmental, and Closure Plans, along with the necessary commitments to commence development within 90 days and the payment of the [...]
Lake Victoria Gold Ltd. - is pleased to announce that it has closed the second tranche of its non-brokered private placement announced on July 15, 2024 of unsecured convertible debentures for gross proceeds to the Company of $187,000. The Company closed an initial tranche of the Private Placement on July 26, 2024 for gross proceeds of $563,000. The Company also announces that due to investor interest it is increasing the [...]
Lake Victoria Gold Ltd. - is pleased to announce that TanzOZ Minerals Ltd.'s application to the Tanzanian Mining Commission for a 10-year renewal of the Imwelo Mining License has been accepted subject to certain conditions. TML is required to submit updated Mining, Environmental, and Closure Plans, commit to commence development within 90 days, as well as pay the license renewal fee within 30 days for the renewal to become effective. These documents are being finalized, as well as the documentation required for transfer of the ML from TML to LVG, and are expected to be submitted and the fee paid in the coming days. This renewal secures the Company's rights to continue developing and operating the Imwelo Project, reinforcing LVG's commitment to advancing its stra... [...]
Lake Victoria Gold Ltd. - is pleased to announce that it has closed the first tranche of its non-brokered private placement announced on July 15, 2024 of unsecured convertible debentures for gross proceeds to the Company of $563,000. The Company intends to close a subsequent tranche of the Private Placement to raise aggregate gross proceeds, together with the first tranche, of up to $750,000. Each Debenture bears interest [...]
Lake Victoria Gold Ltd. - is pleased to announce that it has received the Tax Clearance Certificate from the Tanzanian Revenue Authority for the acquisition of the Imwelo Mining License . This significant milestone marks the final requirement for the transfer of the Imwelo Mining License to LVG by the Tanzanian Mining Commission. Key Milestone Achieved Marc Cernovitch, CEO & Director, commented: "We are thrilled to have [...]
Lake Victoria Gold Ltd. - is pleased to announce that it intends to complete a non-brokered private placement of unsecured convertible debentures to raise gross proceeds to the Company of up to $750,000. Each Debenture will bear interest at 12% per annum payable quarterly, which interest, may at the option of the Company be settled in cash or in common shares of the Company subject to the approval of the TSX Venture [...]
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