Gold Mountain Mining Corp.

Gold Mountain Mining Corp. is pleased to announce that the Ministry of Energy, Mines & Low Carbon Innovation Communications Office has received final comments on the draft mine permit from both the local communities and the Mine Review Committee. EMLI will now draft the final permit and then submit it to the statutory decision maker for approval. "This is an important milestone for Gold Mountain and marks the conclusion [...]

Gold Mountain Mining Corp. is pleased to announce assay results from the initial holes of its Phase 2 drill program at the Elk Gold Project located near Merritt. These high-grade assay results continue to extend the deposit's established mineralized zones down dip and indicate clear vein continuity at depth. Highlights: Drilling Highlights Include: 1.0m grading 17.3g/t Au including 0.73m of 24.4g/t Au 1.3m grading 13.9g/t [...]

Gold Mountain Mining Corp. is pleased to announce the completion of its previously announced bought deal private placement. The Company issued a total of 4,255,190 units at a price of $2.10 per Unit and 1,326,450 flow-through units at a price of $2.31 per Unit, for total gross proceeds of approximately $12,000,000. This included the full exercise of the Underwriters' option. Canaccord Genuity Corp. led a syndicate of [...]

Gold Mountain Mining Corp. is pleased to provide a corporate update as it nears its 6 month trading anniversary, showcasing its transformation from a small-scale asset to a near-term producer on the cusp of mining operations and reaching 1,000,000 ounces. Early History In May of 2019, Gold Mountain acquired the property from Equinox Gold Corp for $10M, with a $1M deposit and a $9M interest-free promissory note. The asset [...]

Gold Mountain Mining Corp. is pleased to announce that it has signed a Letter of Intent with New Gold Inc to increase its tonnage delivered to New Afton from 70,000 to 350,000 tonnes per annum beginning in year four of production. This addition reflects a 400% bump to the delivery commitments outlined in the Company's Ore Purchase Agreement with New Gold and provides a clear path to scale mining operations. Highlights The [...]

Gold Mountain Mining Corp. is pleased to provide a construction update at its 100% owned Elk Gold Mine, located outside Merritt, British Columbia. Highlights The Company received authorization from the Ministry of Mines to begin construction on April 29th through its Notice of Departure Nhwelmen-Lake LP has mobilized vehicles and mining equipment to begin construction and road development Waste rock mining has begun by [...]

Gold Mountain Mining Corp. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase on a bought deal basis 3,572,000 hard dollar units at a price of $2.10 per Unit and 1,090,000 flow-through dollar units at a price of $2.31 per Unit, for total gross proceeds of $10,019,000 . Each FT Unit [...]

Gold Mountain Mining Corp. is pleased to announce that the Ministry of Energy, Mines & Low Carbon Innovation Communications Office has released the Company's draft Mine Permit for review. "We were told our permitting timelines were aggressive since going public on December 31, 2020. Receiving this draft permit is a testament to the management team's ability to execute and maintain our ambitious schedule," said Kevin [...]

Gold Mountain Mining Corp. is pleased to announce that it has successfully executed three Memorandum of Understanding's with surrounding Indigenous communities, establishing a process for ongoing engagement towards social and economic collaboration. "By taking an inclusive approach since we acquired the project, we continue to build a strong foundation with surrounding Indigenous communities and governments," stated Kevin [...]

Gold Mountain Mining Corp. is pleased to announce an updated preliminary economic analysis of the Elk Gold Project. The update is based on the increased Mineral Resource Estimate announced on May 14, 2021, the Ore Purchase Agreement with New Gold Inc. announced on January 26, 2021 and the Mining Contract with Nhwelmen-Lake LP announced on January 19, 2021. An updated preliminary economic assessment will be filed on the [...]