South Atlantic Gold Inc. is pleased to announce the filing of two new mineral exploration tenement applications with the Agência Nacional de Mineração in Ceará State, Brazil. These applications, covering a combined ~3,970 hectares, expand the Company's Pedra Branca land package to over 52,000 hectares and capture ground directly along trend with priority magnetic and structural features. Douglas [...]
South Atlantic Gold Inc. is pleased to announce two important developments: the acquisition of an extra 4.2k ha of UAV magnetic survey data followed by a comprehensive review of the cumulative total of all UAV data acquired to date at its Pedra Branca Project in Ceará State, Brazil, and the appointment of Mr. Matt Rees, P.Geo. as Technical Advisor to the Board. Douglas Meirelles, President and CEO of South Atlantic [...]
South Atlantic Gold Inc. , advises it has entered into a loan and unsecured promissory note agreement with a non-arms length party of the Company in the amount of $500,000. Proceeds from the Loan will provide short term working capital and funds to continue to develop the Company's Pedra Branca project. The Loan bears interest at 8% per annum and will mature 24 months from date of issue. The Lender is a related party of [...]
VANCOUVER, BC, June 27, 2025 /CNW/ - Trading resumes in: Company: South Atlantic Gold Inc. TSX-Venture Symbol: SAO All Issues: Yes Resumption : 3:00 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
South Atlantic Gold Inc. , announces that shareholders did not approve its previously announced amalgamation with ValOre Metals Corp. at the Company's shareholder meeting held earlier today . Following the Meeting, Valore and the Company mutually agreed to terminate the amalgamation agreement and consequently the amalgamation will not proceed. South Atlantic will continue to evaluate and review alternative opportunities [...]
ValOre Metals and South Atlantic Gold announced that, further to the joint news release of South Atlantic and ValOre dated May 16, 2025, the annual general and special meeting of the shareholders of South Atlantic, which was previously scheduled to be held on June 13, 2025 at 10:00 a.m., will now be held on June 27, 2025 at 10:00 a.m. at 301-1665 Ellis Street, Kelowna. South Atlantic, ValOre and 1529317 B.C. Ltd, a [...]
South Atlantic Gold is pleased to provide a general status update on its tenements and permitting status for the Pedra Branca project and the advances that have been made throughout this year. Highlights: Throughout the past 12 months, the Company has successfully submitted the ANMwith theNational Mining Agency of Brazil which provides the guidance rules of the Final Exploration Report for 3 tenements and has also [...]
South Atlantic Gold is pleased to announce that it has completed the disposition of its Big Kidd Property pursuant to a definitive purchase and sale agreement dated July 15, 2024 between the Company and TRR Services LLC in consideration of a cash payment of $575,000 paid on the closing date of August 2, 2024. About South Atlantic Gold South Atlantic Gold is an exploration company engaged in acquiring and advancing mineral [...]
Kelowna, September 26, 2023 - South Atlantic Gold Inc. announces the closing of the previously announced property option agreement dated November 4, 2022 and subsequent first and second amendments dated January 4, 2023 and March 3, 2023 with Quetzal Copper Limited to divest the Company's 100% interest in the Big Kidd Project. Quetzal Copper has completed the Qualifying Financing and paid the remaining balance of the [...]
Vancouver, September 15, 2023 - South Atlantic Gold Inc. wishes to advise that the terms and conditions demonstrated in the Mina Tucano Ltda. bankruptcy process were not chosen by the creditors. Although the Company had successful negotiations with certain creditors, some of which issued letters of priority and support, and although the Company also offered and negotiated better financial terms for many major creditors [...]
Vancouver, August 10, 2023 - South Atlantic Gold Inc. continues to work to add to the number of creditors of Mina Tucano Ltda., Beadell Pty Ltd. and Beadell Pty Ltd. that support or give priority to South Atlantic's indicative proposal to acquire entities of the Tucano Group under Judicial Reorganization Proceedings , pursuant to a plan of reorganization to be approved by creditors and confirmed by the relevant court in a [...]
Kelowna, August 2, 2023 - Phoenix Gold Fund Limited of Kuala Lumpur, Malaysia, announces that as a result of the increase in the issued and outstanding shares of South Atlantic Gold Inc. due to the closing of a non-brokered private placement event by the Issuer, Phoenix no longer holds over 10% of the issued and outstanding shares of the Issuer. Prior to the event, Phoenix owned 10,000,000 common shares of the Issuer [...]
