Vancouver, British Columbia — December 9, 2025 — Leads & Copy — Lode Gold Resources Inc (TSXV: LOD) has signed an exclusive Letter of Intent (LOI) with a mining company to advance the Fremont Gold Project in California.
The decision follows an extensive process to identify a joint-venture partner for the Fremont project, with Lode Gold receiving multiple proposals.
The mining company brings seasoned executives, strong technical expertise, an excellent balance sheet, and a proven record of successfully advancing projects to production, according to the release.
Under the terms of the LOI, the parties have agreed to a 45-day exclusivity and standstill period up to January 16th, 2026.
The contemplated arrangement is expected to bring substantial capital to accelerate the development of Fremont and repay the outstanding debt secured by the asset.
The partnership is expected to enable Lode Gold to continue advancing key milestones at Fremont and unlock material value for shareholders.
Work to upgrade additional resources to the Measured & Indicated (M&I) category is slated to commence immediately, with initiation of a Pre-Feasibility Study (PFS) targeted for early 2026.
The PFS is estimated to be completed by Spring 2027. Optimized scenarios of underground bulk mining will be evaluated during the study.
Jon Hill, Chair of the Technical Committee, stated that Fremont is a “robust project.” The company plans to further optimize the project economics of the 2023 PEA, which is based on 1 million ounces (M&I) and 2 million ounces (Inferred).
Hill also noted that the PFS will evaluate underground bulk mining at various cut-off grades and that impressive widths could allow for a high tonnage underground operation that minimizes footprint, and that there will be no use of cyanide (CN).
According to the release, at a 1g/t cut-off, the average true width is 50 meters, and at a 3 g/t cut-off, the average true width is 17 meters. The gram-meters range from 74 – 143.
The technical information was reviewed and approved by Gary Wong, P.Eng., Vice President Exploration of Lode Gold Resources Inc. Wong is designated as a Qualified Person under National Instrument 43-101.
Wendy Chan, CEO
info@lode-gold.com
+1-(604)-977-GOLD (4653)
Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (604)-977-GOLD (4653)
Source: Lode Gold Resources Inc
