Augusta Gold (TSX: G) and Solaris Resources (TSX: SLS) Have Almost No Resistance

Augusta Gold (TSX: G) has almost no resistance in the market due to its Executive Chairman Richard Warke and CEO Don Taylor personally funding the company out of their own pockets through loans for the purpose of allowing its share price to rerate upward to $5-$10 per share. When Augusta’s high quality EXIM bank financing is finalized alongside the other financing and strategic investments being negotiated, we expect the current outstanding debt to be eliminated through conversion to shares… and the share price will already be significantly higher when this happens! If Richard Warke was greedy/selfish he would have converted the debt into shares at the 2023 lows. Instead, he is bringing Reward into production with minimal dilution!

Solaris Resources (TSX: SLS) recently signed $200 million in financing agreements with Royal Gold (RGLD) without issuing any new shares. SLS only gave RGLD a stream on a small percentage of Warintza’s future gold production plus a tiny NSR royalty of 0.30% that could increase to a maximum of 0.60% (0.0375% increase per year up to eight years until the mine enters production). SLS will never have to print any new shares again.

Augusta Gold (TSX: G) and Solaris Resources (TSX: SLS) have almost no resistance in the market!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 232,200 shares of G and may purchase more shares. This message is meant for informational and educational purposes only and does not provide investment advice.