Freedom Gold names new CEO and plans flow-through share offering

Freedom Gold Corp. (CSE: FRDM), formerly SPOD Lithium Corp., has appointed John Shurko as Chief Executive Officer and director, effective immediately, according to a press release dated September 2, 2026.

Shurko is a mineral exploration executive with experience in projects across Atlantic Canada and the Yukon. Since 2016, he has been involved in exploration programs with an aggregate value exceeding $1.4 million, encompassing prospecting, soil geochemistry, diamond drilling, and geophysical surveys. He is also co-founder and President of 21Alpha Resources Inc. and has more than two decades of experience in the film and television industry as an Assistant Director.

Veronique Laberge has resigned as interim CEO and director but will remain in her role as Chief Financial Officer of the company.

The company also announced plans for a non-brokered private placement of up to 4,444,444 flow-through common shares at C$0.18 per share, targeting gross proceeds of up to C$800,000. The offering is scheduled to close on or about September 30, 2026, with all issued securities subject to a four-month and one-day hold period.

Proceeds will be applied toward Canadian exploration expenses at four Nova Scotia properties — Blockhouse, Widow Point, Frenchvale, and Westfield — which the company optioned under an agreement announced June 4, 2026. The company intends to incur qualifying expenditures through December 31, 2027, and to renounce them to subscribers with an effective date no later than December 31, 2026.

The company noted that certain insiders may participate in the offering, potentially classifying some subscriptions as related-party transactions under Multilateral Instrument 61-101. The company said it expects to qualify for exemptions from formal valuation and minority approval requirements under that instrument.

You May Also Be Interested In

• EagleOne Metals raises private placement ceiling to $225,199
• DelphX closes C$52,500 private placement, updates on CRS platform
• Citi reiterates Buy rating on Baidu with $166 price target, Opens 30 Day Upside Catalyst Watch