Option on 48,500 hectares in Namibia and 80% interest drive General Copper Gold's C$1.75M financing, funding license exercise and Topley Richfield work.
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Proceeds from the upsized C$0.05-unit placement will fund an 80% option on 48,500 ha in Namibia and Topley Richfield work; failure to close voids the option.
Private placement of up to 49.6M new shares at C$0.41 aims to raise at least US$11.5M to fund Chevron-led Nabba-1 well, new Namibia and Angola interests.
Exxon arbitration settlement brings Sintana $9M and helps cut Q1 2026 net loss to $1.1M, as it advances Namibia and Uruguay offshore exploration plans.
68.04% of shares voted to re-elect four directors, approve the stock option plan and auditors, as NCMI grants 1,000,000 options at $0.20 for five years.
Rotary Engineering will move the Okorusu plant by end-June 2026, supporting Northern's targeted late-2027 Okanjande restart, subject to financing.
Deal covers 48,500 hectares in the Damara Mobile Belt. General Copper Gold can earn 80% with US$60,000 cash and US$450,000 in exploration.