Q1 2025 Catalysts with Imminent Maiden Resource for the Manhattan District
Vancouver, British Columbia–(Newsfile Corp. – January 24, 2025)
Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) (“Scorpio Gold”, or the “Company”) is pleased to provide a summary of the highlights of its accomplishments in 2024 and reiterate the exciting catalysts for 2025. Scorpio Gold had a transformational year in 2024:
Closed a $6M Private Placement and amalgamation with Altus Gold
After upsizing our initial public offering of $4M due to unprecedented demand from institutions and high net worth investors.
In 2024, Scorpio Gold made significant strides in advancing its projects and strengthening its position in the mining industry. The closure of a $6M Private Placement and the successful amalgamation with Altus Gold marked a turning point for the company, setting the stage for continued growth and success in the year ahead.
The Company’s decision to upscale the initial public offering from $4M to $6M was a strategic move that paid off, attracting a wave of interest from both institutional investors and high net worth individuals. This increased capital injection not only provided Scorpio Gold with the financial resources needed to fund its operations but also served as a vote of confidence in the company’s potential and prospects.
Looking ahead to 2025, Scorpio Gold is poised to capitalize on the momentum gained in 2024 and leverage its strengthened financial position to drive further growth and value creation. The Company’s focus on advancing its projects, particularly the Manhattan District, is expected to yield tangible results in the form of an imminent maiden resource estimate.
The Manhattan District, located in Nevada, has long been recognized as a high-potential area for gold exploration and development. Scorpio Gold’s aggressive exploration efforts in the district have yielded promising results, with the company’s geologists and engineers making significant strides in delineating mineralized zones and identifying high-grade targets.
The upcoming maiden resource estimate for the Manhattan District is expected to provide investors and stakeholders with a clear picture of the project’s scale and potential. This milestone, combined with the Company’s ongoing exploration activities and development initiatives, is set to act as a significant catalyst for Scorpio Gold in the first quarter of 2025.
Overall, Scorpio Gold’s achievements in 2024 and the anticipated catalysts for 2025 underscore the company’s commitment to value creation, innovation, and sustainable growth. With a solid foundation in place and a clear roadmap for the future, Scorpio Gold is well-positioned to deliver long-term value for its shareholders and stakeholders.
How will this affect me?
As an investor, the upcoming maiden resource estimate for the Manhattan District and the overall positive outlook for Scorpio Gold in 2025 are likely to have a direct impact on the value and performance of your investment. The potential for significant growth and value creation resulting from the Company’s continued exploration and development efforts in high-potential areas like the Manhattan District could translate into tangible returns for investors in the form of share price appreciation and dividends.
How will this affect the world?
Scorpio Gold’s success and growth in 2024 and the anticipated catalysts for 2025 are not only significant for investors but also have broader implications for the mining industry and the global economy. The Company’s commitment to responsible mining practices, sustainability, and innovation sets a positive example for the industry, helping to drive positive change and promote responsible resource development.
Conclusion
In conclusion, Scorpio Gold’s accomplishments in 2024 and the exciting catalysts for 2025 position the Company for continued success and growth in the year ahead. With the imminent maiden resource estimate for the Manhattan District on the horizon and a strong focus on exploration and development, Scorpio Gold is well-positioned to unlock value, drive innovation, and deliver sustainable growth for its shareholders and stakeholders.
