Allegiant Gold Ltd. Corporate Update and Private Placement Announcement

Allegiant Gold Ltd., a mining service provider operating in the materials sector with a focus on metals and mining, has recently provided a corporate update and announced a non-brokered private placement. The company, which develops its mining projects in the United States, is listed on the TSX Venture Exchange and trades under the currency CAD.

Corporate Update

On June 2, 2025, Allegiant Gold Ltd. issued a corporate update through The Newswire. The company, which has been publicly traded since its Initial Public Offering (IPO) on February 12, 2018, continues to focus on its mining projects in the United States. As of the close of trading on May 29, 2025, Allegiant Gold’s share price stood at 0.1 CAD, marking both the 52-week low and the close price for that day. The company’s market capitalization is reported at 11,140,000 CAD, with a price-to-earnings ratio of -2.71, indicating a challenging financial performance.

Non-Brokered Private Placement

In a significant development, Allegiant Gold Ltd. announced a non-brokered private placement on June 2, 2025. This announcement was made through multiple sources, including The Newswire, CEO.ca, and Minenportal.de. The company plans to offer up to 19,444,444 units at a price of $0.18 per unit. This strategic move is aimed at raising capital to support its ongoing and future mining projects.

The private placement is a critical step for Allegiant Gold as it seeks to bolster its financial position and continue its operations in the competitive metals and mining industry. The company’s efforts to secure additional funding reflect its commitment to advancing its projects and maintaining its presence in the sector.

For more information, Allegiant Gold Ltd. can be accessed through its website at www.allegiantgold.com . The company remains focused on its mission to develop and manage mining projects in the United States, leveraging its expertise in the metals and mining industry.