Spanish Mountain Gold Announces Symbol Change to "SPAUF" on the OTCQB Venture Market
The OTCQB Venture Market is the premier marketplace for early stage and developing U.S. and international companies including those in the mining and natural resources sectors. Companies listed on OTCQB are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the Company on www.otcmarkets.com.
Options Issuance
The Company announces it has granted 450,000 stock options to officers of the Company, including 150,000 options granted to its Vice President Investor Relations and Corporate Development. These options are exercisable at $0.135 per share for a 10-year term, subject to the provisions of the Company's stock option plan.
About Spanish Mountain Gold Ltd.
Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project to achieve a construction decision in 2027 to build the next gold mine in the Cariboo Gold Corridor, British Columbia. We are conducting an integrated Whittle Enterprise Optimization to identify the highest potential value-add improvements while increasing the understanding of the high-grade geologic controls and associated drill targets that could upgrade and expand the gold resource. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on www.sedarplus.ca and on the Company's website: www.spanishmountaingold.com.
On Behalf of the Board,
"Peter Mah"President, Chief Executive Officer and DirectorSpanish Mountain Gold Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING INFORMATION:
Certain of the statements and information in this press release constitute "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to information with respect to achieving a construction decision, and the timing and results thereof. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250221913812/en/
Contacts
For more information, contact: Suzette N Ramcharan(604) 601-3651info@spanishmountaingold.com
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A webcast of the call may be accessed at or on the investor relations section of the Company's website, A webcast replay will be available on the investor relations section of the Company's website at through August 14, 2026. A telephone replay of the call will be available approximately one hour following the call, through August 28, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 52816. ABOUT EDIBLE GARDEN® Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), delivering locally grown, organic, better-for-you, sustainable produce and products through its Zero-Waste Inspired® next-generation farming model. Available in over 5,000 retail locations across the United States, Caribbean, and South America, Edible Garden is at the forefront of the CEA and sustainability technology movement, distinguished by its advanced safety-in-farming protocols, sustainable packaging, patented GreenThumb software, and innovative Self-Watering in-store displays. The Company operates state-of-the-art, vertically integrated greenhouses and processing facilities, including Edible Garden Heartland in Grand Rapids, Michigan; Edible Garden Prairie Hills in Webster City, Iowa; and its headquarters at Edible Garden Belvidere in New Jersey. It also partners with a network of contract growers strategically located near major U.S. markets to ensure freshness and reduce environmental impact. Edible Garden's proprietary GreenThumb 2.0 software—protected by U.S. Patents US 11,158,006 B1, US 11,410,249 B2, and US 11,830,088 B2—optimizes vertical and traditional greenhouse growing conditions while aiming to reduce food miles. Its patented Self-Watering display (U.S. Patent No. D1,010,365) is designed to extend plant shelf life and elevate in-store presentation. In addition to its core CEA operations, Edible Garden owns three patents in advanced aquaculture technologies: a closed-loop shrimp farming system (US 6,615,767 B1), a modular recirculating aquaculture setup with automated water treatment and feeding (US 10,163,199 B2), and a sensor-driven ammonia control method utilizing electrolytic chlorine generation (US 11,297,809 B1). The Company has been recognized as a FoodTech 500 firm by Forward Fooding, a leading AgriFoodTech organization, and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative. Edible Garden also develops and markets a growing line of nutrition and specialty food products, including Vitamin Way® and Vitamin Whey®—plant and whey protein powders—and Kick. Sports Nutrition, a premium performance line for health-conscious athletes seeking cleaner, better-for-you options. The Company's offerings further include fresh, sustainable condiments such as Pulp fermented gourmet and chili-based sauces, as well as Pickle Party, a collection of fermented fresh pickles and krauts. Learn more at For Pulp products, visit For Vitamin Whey® products, visit For Kick. Sports Nutrition products, visit Watch the Company's latest corporate video here. Forward-Looking Statements This press release contains forward-looking statements, including with respect to the Company's ability to improve its financial results, the Company's growth strategies, the Company's ability to expand into new product lines, and its performance as a public company. The words 'believe,' 'design,' 'expect,' 'future,' 'potential,' 'will,' and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Company's ability to improve its financial performance and achieve its growth objectives, and other factors set forth in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports on Form 10-Q. Actual results might differ materially from those explicit or implicit in the forward-looking statements. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law. Investor Contacts:Crescendo Communications, LLC212-671-1020EDBL@ (tables follow) EDIBLE GARDEN AG INCORPORATED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except shares) June 30, December 31, 2025 2024 ASSETS Current assets: Cash $ 2,821 $ 3,530 Accounts receivable, net 1,211 1,968 Inventory, net 1,367 1,544 Prepaid expenses and other current assets 490 335 Total current assets 5,889 7,377 Property, equipment and leasehold improvements, net 11,006 3,145 Operating lease right-of-use assets 4,480 1,202 Finance lease right-of-use assets 92 114 Intangible assets, net 313 43 Other assets 34 34 TOTAL ASSETS $ 21,814 $ 11,915 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) LIABILITIES: Current liabilities: Accounts payable and other accrued expenses $ 2,375 $ 4,018 Current maturities of operating lease liabilities 219 212 Current maturities of finance lease liabilities 43 41 Short-term debt, net of discounts 1,317 1,939 Total current liabilities 3,954 6,210 Long-term liabilities: Long-term debt, net of discounts 334 544 Long-term operating lease liabilities 881 992 Long-term finance lease liabilities 53 75 Total long-term liabilities 1,268 1,611 Total liabilities 5,222 7,821 COMMITMENTS AND CONTINGENCIES MEZZANINE EQUITY Series B redeemable preferred stock 15,000 - STOCKHOLDERS' EQUITY (DEFICIT): Common stock ($0.0001 par value, 100,000,000 shares authorized, 2,828,661 and 1,065,402 shares outstanding as of June 30, 2025 and December 31, 2024, respectively - - Preferred stock - - Additional paid-in capital 50,270 44,946 Obligation to issue shares - 459 Accumulated deficit (48,678 ) (41,311 ) Total stockholders' equity (deficit) 1,592 4,094 TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY (DEFICIT) $ 21,814 $ 11,915 EDIBLE GARDEN AG INCORPORATED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share and per-share information) Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Revenue $ 3,146 $ 4,268 $ 5,864 $ 7,401 Cost of goods sold 2,512 2,702 5,142 5,811 Gross profit 634 1,566 722 1,590 Selling, general and administrative expenses 4,227 2,748 7,242 6,632 Gain on sale of asset - - (1 ) - Loss from operations (3,593 ) (1,182 ) (6,519 ) (5,042 ) Other income (expenses) Interest expense, net (389 ) (419 ) (829 ) (536 ) Gain (Loss) from extinguishment of debt (114 ) (335 ) (114 ) (335 ) Other income / (loss) 53 4 95 4 Total other income (expenses) (450 ) (750 ) (848 ) (867 ) NET LOSS $ (4,043 ) $ (1,932 ) $ (7,367 ) $ (5,909 ) Deemed dividend on warrants (9,833 ) - (9,833 ) - NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (13,876 ) $ (1,932 ) $ (17,200 ) $ (5,909 ) Net Income / (Loss) per common share - basic and diluted $ (6.58 ) $ (30.02 ) $ (9.95 ) $ (155.46 ) Weighted-Average Number of Common Shares Outstanding – Basic and Diluted 2,109,267 64,361 1,728,414 38,009 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
