Getchell Gold Corp. (CSE: GTCH | OTCQB: GGLDF | FSE: GGA1) has announced a $300,000 strategic investment from Buzbuzian Capital Corp., a Canadian family office focused on resource and technology sectors. The financing involves the issuance of 1,000,000 units and is directed toward exploration activities at the company's flagship Fondaway Canyon gold project in Nevada. The announcement highlights the project's preliminary economic assessment outlining a US$1 billion pre-tax net present value, a figure investors may be watching closely as Getchell advances the asset.

Key Points

  • Getchell Gold Corp. (CSE: GTCH | OTCQB: GGLDF | FSE: GGA1) announced the $300,000 strategic investment on September 28, 2026
  • Buzbuzian Capital Corp. is acquiring 1,000,000 units at an implied structure of one common share and one-half of one warrant per unit
  • Each whole warrant is exercisable at $0.35 per share for 24 months following the closing date; all securities carry a four-month hold period
  • Proceeds are designated for exploration activities at the Fondaway Canyon project in Nevada

Unit Structure and Warrant Terms of the Buzbuzian Offering

Under the terms of the offering, each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles Buzbuzian Capital Corp. to acquire one additional common share of Getchell at $0.35 for a period of 24 months following the closing date. All securities issued under the offering are subject to a four-month hold period in accordance with applicable Canadian securities laws. The company stated that these securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent applicable exemptions.

Fondaway Canyon PEA Underpins Investor Interest

The release states the investment is driven by Getchell's Fondaway Canyon project, which carries a preliminary economic assessment outlining a US$1 billion pre-tax net present value based on an open-pit mining operation. The project's mineral resource comprises 999,000 indicated ounces of gold at 1.40 g/t and 1.812 million inferred ounces at 1.24 g/t, and the release notes the resource remains open with potential for expansion. Investors should note that mineral resources are not mineral reserves and have not demonstrated economic viability, and there is no certainty that PEA results will be realised.

Projected Production Profile and Mine Life at Fondaway Canyon

According to the announcement, Fondaway Canyon projects average annual gold production of 150,000 ounces over an estimated 10-year mine life once constructed, which the company states would place it among Nevada's top 10 gold producers. The technical and scientific information in the release was reviewed and approved by Patrick McLaughlin, P.Geo., VP Exploration of the company, acting as the qualified person under National Instrument 43-101. The company intends to apply the $300,000 in proceeds from this offering specifically toward exploration activities at the Fondaway Canyon project.