Relevant Gold Upsizes Private Placement to $7M: A Boon for Wyoming Exploration

Relevant Gold Corp. (TSXV:RGC, OTCQB:RGCCF) has announced an upsized private placement, raising $7 million through the issuance of 23,333,333 shares at $0.30 per share. This increased funding will significantly boost the company's exploration activities in Wyoming, USA, and support general working capital needs. The proceeds will be allocated to various projects, including Bradley Peak, Golden Buffalo, Lewiston, Shield-Carissa, and Windy Flats.

The Bradley Peak project, covering 10,800 acres (4,371 hectares), has shown promising results with samples up to 46.8 g/t Au + 7.8% Cu + 2% Zn. The additional funding will enable further exploration and drilling at this site. The Golden Buffalo project, spanning 9,600 acres (3,884 hectares), has already yielded a drill intercept of 83.8 g/t Au in 2023. The new funds will support continued exploration and drilling to potentially uncover more high-grade gold deposits. The Lewiston project, covering 14,000 acres (5,665 hectares), has historic samples up to 62 g/t Au + 8.1% Cu. The additional capital will allow for further exploration and drilling to confirm and extend these high-grade gold zones. The Shield-Carissa project, over 2,000 acres (809 hectares) in size, is adjacent to the historic Carissa Mine, which produced around 200,000 oz Au. The new funds will support exploration efforts to identify and develop new gold resources in the area. The Windy Flats project, covering 6,200 acres (~2,500 hectares), is planned to have a soil sampling program in 2024. The additional capital will help fund this program and other exploration activities at Windy Flats.

Relevant Gold's CEO, Rob Bergmann, noted this upsized private placement as a significant milestone, highlighting the confidence of strategic investors in the company's assets and exploration potential. The capital raised will support exploration projects and general working expenses, potentially accelerating the company's drilling program. The company awaits TSX Venture Exchange approval, with an anticipated closing by late February 2025.

In conclusion, Relevant Gold Corp.'s upsized private placement of $7 million will have a significant impact on the company's exploration activities in Wyoming. The funds will be allocated to various projects, including Bradley Peak, Golden Buffalo, Lewiston, Shield-Carissa, and Windy Flats. This increased funding will enable further exploration and drilling, potentially uncovering more high-grade gold deposits and creating value for shareholders. The company awaits TSX Venture Exchange approval, with an anticipated closing by late February 2025.