Lake Victoria Gold Ltd.

Lake Victoria Gold Ltd. is pleased to announce that it has closed the first tranche of its non-brokered private placement announced on April 1, 2026, as amended on April 28, 2026 , of unsecured convertible debentures for gross proceeds to the Company of $3,534,200. 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 [...]

Key Takeaways: Reverse circulation drill rigs are mobilizing to site at Lake Victoria Gold's Imwelo Project this week, with a ~21-day, ~1,050-m sterilization program scheduled to begin mid-May ahead of construction. The financing stack is structured and advancing toward close: a US$25 million gold loan facility from Monetary Metals plus a fully committed C$3.8 million convertible debenture financing. Imwelo is fully [...]

Lake Victoria Gold Ltd. announces the results of a geotechnical review and testing program completed at its fully permitted Imwelo Gold Project in northwestern Tanzania, supporting final pit design and advancing ongoing engineering and mine planning as the Company progresses toward development readiness. The geotechnical program, completed by Luhlaza Advisory and Consulting Ltd. in collaboration with City Engineering [...]

Lake Victoria Gold Ltd. is advancing its fully permitted Imwelo Gold Project toward development, with drill rigs mobilizing to site ahead of a targeted sterilization drilling program scheduled to commence next week. The program represents a key pre-construction workstream, supporting final infrastructure placement and site layout as the Company continues to progress Imwelo toward near-term production. Key Highlights [...]

Lake Victoria Gold Ltd. announces that further to its news release of April 1, 2026, it has increased the non-brokered convertible debenture financing from $3 million to $3.8 million, due to investor demand. The Company further announces that the conversion price of the debentures to be issued in the Private Placement has been adjusted to $0.30. All other terms of the Private Placement remain unchanged. The Private [...]

The money pouring into African gold right now isn't speculative. It's structural. Exploration budgets across the continent climbed 11% to US$1.44 billion last year, and financing for junior miners more than doubled to a near-record level. At the same time, central banks are forecast to buy roughly 850 tonnes of gold in 2026, keeping a firm floor under prices that already topped US$5,500 per ounce in January. That [...]

Half of every exploration dollar on the planet is now chasing gold. That is the headline finding from S&P Global Market Intelligence's World Exploration Trends 2026 report, which showed mine site drilling surging to a record 45% of deployed capital as the industry pivots hard toward production certainty and away from grassroots discovery. At the same time, the World Gold Council warns that global mine output is [...]

Central banks are quietly draining physical gold supplies, scooping up a net 27 tonnes in February 2026 alone. This is a pivotal move that mirrors the aggressive buying pace established last year. But the real issue driving market fundamentals is a looming supply wall. Global mine output managed just a 1% gain recently, and industry watchdogs warn that existing reserves are drying up faster than new deposits are found [...]

Gold is trading near $4,700 per ounce and the smart money stopped arguing about whether the rally is real sometime last year. Goldman Sachs and Bank of America have both quietly revised their year-end targets to $6,000 per ounce, and the VanEck Junior Gold Miners ETF has now returned more than 200% over the trailing twelve months as the operating leverage of a ~$4,700 gold price finally gets applied to compressed junior [...]

The world's gold mines produced a record 3,672 to last year, but that number is misleading. Growth came in at just 1%, and the World Gold Council now warns that output may be approaching a near-term plateau as existing reserves deplete faster than new deposits are found. The discovery pipeline has thinned. Permitting timelines have stretched. And the mines that built this industry's supply base are getting older every [...]