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Athena Gold Corporation is building momentum in 2025 with strategic land expansions, fresh financing, and a clear path toward drilling at two flagship projects. Focused on high-grade gold and precious metal assets in North America, the company is positioned to capitalize on growing investor interest in gold exploration.

Expanding Strategic Land Positions

On July 31, 2025, Athena announced significant property expansions at both its Canadian and U.S. projects.

• Laird Lake, Ontario – The company increased its landholding by approximately 995 hectares, representing a 24% expansion to a total of ~5,155 hectares. Situated in the prolific Red Lake Gold District, the project lies near high-profile operations including West Red Lake Gold’s Madsen mine and Kinross Gold’s Great Bear project.
• Excelsior Springs, Nevada – Athena expanded this project by over 50%, now covering roughly 2,500 hectares following the staking of 115 additional mining claims. Exploration work has identified a gold-bearing fluid conduit system extending more than five kilometres, setting the stage for a diamond drilling program targeted for Q3 2025.

Strengthening the Balance Sheet

Athena has taken steps to ensure its exploration programs are fully funded:

• June 30, 2025 – Closed a non-brokered private placement of 3,322,000 units at CAD $0.05 each for gross proceeds of CAD $166,100. Each unit comprises one common share and half a warrant, exercisable at CAD $0.12 for three years. CEO Koby Kushner participated significantly, acquiring 1.44 million units.
• April 28, 2025 – Completed an oversubscribed flow-through share offering, raising CAD $765,000 through the sale of 15.3 million FT shares at CAD $0.05 apiece. Proceeds are earmarked for eligible exploration expenditures at Laird Lake and Oneman Lake in Ontario.

Exploration Activity in 2025

The company has rolled out an ambitious exploration plan for the year:

• At Laird Lake, Athena has launched a comprehensive till sampling campaign, collecting approximately 2,000 samples across a wide grid. This program aims to pinpoint high-priority drill targets in one of Canada’s most respected gold districts.
• In Nevada, Excelsior Springs continues to show promise. Surface grab samples have returned grades of up to 6,630 g/t silver, prompting further staking and generating early joint-venture interest from potential partners.

Corporate Restructuring for Growth

Earlier in 2025, Athena completed a redomiciliation from Delaware to British Columbia, merging with its wholly owned BC subsidiary, Nova Athena Gold Corp. This corporate shift streamlines operations under Canadian jurisdiction and strengthens the company’s capital markets profile. The restructuring received all necessary shareholder and regulatory approvals, including SEC registration.

Looking Ahead

With expanded land positions, fresh capital, and a busy exploration calendar, Athena Gold is entering a pivotal stage in its growth story. Upcoming catalysts include:

• Assay results from Laird Lake’s till sampling program in late summer 2025.
• Q3 2025 drilling at Excelsior Springs to test high-priority gold targets.
• Ongoing exploration at Oneman Lake, advancing its Ontario project pipeline.

As the gold market remains robust amid global economic uncertainty, Athena Gold’s strategic positioning in both Canada and the United States offers investors exposure to near-term exploration milestones and long-term resource growth potential.