Past year: ▲ 387%(3.80c – 42.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Feb 2025material agreement▲ GoodMajor
The SEC declared Athena's redomestication registration statement effective; the company scheduled a March 27, 2025 shareholder vote to approve the move from Delaware to British Columbia -- the next step toward completing the Libra transaction and installing the incoming leadership team.
29 Jan 2025business combination● Neutral
The second amendment converted the shareholder meeting to Canadian machinery ahead of the move north: proxies now go through Endeavor Trust Corporation and eproxy.ca rather than proxyvote.com, materials are posted on SEDAR+, and the virtual meeting runs on Zoom with registration required. Procedural, but it is the redomestication starting to bite before the vote has even happened.
24 Jan 2025business combination● NeutralMajor
The first amendment pushed the redomestication vote from December 2024 to 27 March 2025 (record date 18 February) and answered the SEC where it mattered: the conclusion that the new British Columbia entity "should be treated as a U.S. corporation" under the anti-inversion rules was softened to what the company merely "expects", to be confirmed only after the move completes, and a passive foreign investment company risk factor was added with outside Canadian tax counsel now named as having reviewed the analysis. The meeting agenda also gained the tabling of the 2023 audited accounts, as a Canadian annual meeting requires.
30 Dec 2024capital raising announcement▲ Good
Athena closed the third and final tranche of the offering, raising CAD$131,000 more and completing CAD$1,054,000 total raised -- the last financing before the Libra transaction's Nova Athena redomestication vote scheduled for early 2025.
9 Dec 2024capital raising announcement▲ Good
Athena increased that offering's size to CAD$1,250,000 and closed a second tranche, raising a further CAD$110,000 (2,200,000 units).
What it means for a shareholder
2.2m new shares at about C$0.050 to raise about C$110,000. That's 1.2% dilution: every existing holder's slice gets 1.2% smaller. If you held C$1,000 of shares (20,000 at the issue price), your slice goes from 0.0108% to 0.0106% of the company. To keep it you'd need 237 more shares - about C$12 at the issue price.
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22 Nov 2024business combination● NeutralMajor
Athena filed a registration statement to redomesticate from Delaware to British Columbia by merging into its own subsidiary, Nova Athena Gold Corporation -- the vehicle through which the Libra transaction and incoming leadership were to be implemented -- requiring a shareholder vote.
31 Oct 2024capital raising announcement▲ GoodMajor
Days after agreeing to acquire the Libra Lithium Ontario projects, Athena opened a new CAD$1,000,000 private placement and closed its first tranche -- CAD$600,000 from 12,000,000 units at CAD$0.05 -- raising cash alongside the pending change-of-control transaction.
2 Oct 2024asset acquisition disposition▲ GoodMajor
Athena agreed to acquire two Ontario gold projects (Laird Lake and Oneman Lake) from private Canadian company Libra Lithium, paying with shares of a new British Columbia subsidiary -- and, tellingly, to bring in Libra's own leadership: David Goodman as incoming Chairman and Koby Kushner as incoming President/CEO, with longtime CEO John Power stepping back to Secretary/Director. The board would expand from three to five. Effectively a change-of-control transaction structured as an asset purchase.
13 June 2024asset acquisition disposition▲ Good
Athena bought the Blue Dick Mine claims from Silver Reserve Inc. for $45,000 cash plus a 3% royalty, expanding Excelsior Springs to about 4,140 acres, and took a $100,000 loan from CEO Power to help fund it -- insider financing remained part of the toolkit even as the gold project grew.
30 Jan 2024capital raising announcement▼ Bad
Athena raised CDN$200,000 (5,000,000 units at CDN$0.04) -- its lowest per-unit price yet, reflecting a weaker share price -- continuing routine financing.
What it means for a shareholder
5.0m new shares at C$0.040 to raise about C$200,000. That's 2.9% dilution: every existing holder's slice gets 2.9% smaller. If you held C$1,000 of shares (25,000 at the issue price), your slice goes from 0.015% to 0.0145% of the company. To keep it you'd need 748 more shares - about C$30 at the issue price.
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4 Jan 2024capital raising announcement● Neutral
Athena issued the 16,546,699 shares agreed on Dec 28, 2023 to 2176423 Ontario Ltd. in exchange for 10 million Nubian Resources shares, completing the cross-holding swap with its former Excelsior Springs partner.
28 Dec 2023material agreement● Neutral
Athena agreed to buy 10 million shares of Nubian Resources stock -- its former Excelsior Springs partner -- paying with 16.5 million newly issued Athena shares, deepening the cross-holding between the two companies.
15 Dec 2023auditor change● Neutral
Athena switched auditors again, from MaloneBailey (in place since 2010, consistently flagging going-concern doubt) to Davidson & Company -- no disagreements cited.
3 Oct 2023drilling result▲ GoodMajor
Surface sampling at a newly staked target, the historic Lida Bell mine two miles away, returned bonanza-grade rock samples -- 51.4 g/t gold and 509 g/t silver -- adding a second high-grade target to the expanding Excelsior Springs land package.
26 Apr 2023capital raising announcement▲ GoodMajor
Athena raised CDN$1,015,000 (14,500,000 units at CDN$0.07) -- its largest private placement to date -- continuing to fund Excelsior Springs.
What it means for a shareholder
14.5m new shares at C$0.070 to raise about C$1.0m. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held C$1,000 of shares (14,286 at the issue price), your slice goes from 0.0105% to 0.00949% of the company. To keep it you'd need 1,522 more shares - about C$107 at the issue price.
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31 Jan 2023capital raising announcement▲ Good
Athena granted 250,000 stock options to newly appointed technical advisory committee member George Mannard, a geologist credited with the Louvicourt base-metal discovery -- a credibility addition to the technical team as Excelsior Springs exploration continued.
11 Jan 2023drilling result▲ GoodMajor
Follow-up drilling confirmed and extended the DB-23 discovery in both directions, prompting Athena to name the area the "Western Slope Zone" and float the possibility of a much larger intrusion-related gold system.
23 Aug 2022capital raising announcement▲ Good
A further CDN$304,800 raised (3,810,000 units at CDN$0.08) in the first tranche of a new offering, this time sold entirely to non-US investors under Regulation S.
What it means for a shareholder
3.8m new shares at C$0.080 to raise about C$304,800. That's 2.9% dilution: every existing holder's slice gets 2.9% smaller. If you held C$1,000 of shares (12,500 at the issue price), your slice goes from 0.00987% to 0.00958% of the company. To keep it you'd need 376 more shares - about C$30 at the issue price.
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29 June 2022drilling result▲ GoodMajor
Athena's first drill program at Excelsior Springs struck its best hole yet: DB-23 returned 15.3 g/t gold over 35 feet within a 110-foot mineralized zone, the strongest intercept in the project's drilling history and still open along strike -- the discovery that would come to define the project.
10 June 2022asset acquisition disposition▲ Good
Athena agreed to buy outright, for $185,000, two patented claims -- including the historic high-grade Buster Mine -- that it had previously only leased as part of Excelsior Springs, converting a leasehold into owned ground. (Filed as a farm-in/farm-out agreement, but the filing describes a straight cash purchase from an arm's-length seller, not a farm-in -- corrected here.)
4 May 2022capital raising announcement▲ Good
Athena raised another CDN$500,000 (6,250,000 units at CDN$0.08) via the same Reg D/Reg S structure, paying finder's fees on part of the placement -- ongoing financing for Excelsior Springs exploration.
What it means for a shareholder
6.3m new shares at C$0.080 to raise about C$500,000. That's 5.0% dilution: every existing holder's slice gets 5.0% smaller. If you held C$1,000 of shares (12,500 at the issue price), your slice goes from 0.0104% to 0.00991% of the company. To keep it you'd need 652 more shares - about C$52 at the issue price.
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6 Jan 2022asset acquisition disposition▲ GoodMajor
Athena completed full ownership of Excelsior Springs, restructuring the deal into an outright purchase of Nubian's project-holding subsidiary for 50 million Athena shares (including the 5 million already issued) plus a 1% smelter royalty to Nubian. Nubian gained a board seat and agreed to a 12-month standstill on its stake pending a planned pro-rata distribution of the shares to its own shareholders.
1 Dec 2021material agreement● Neutral
The Nubian option amendment extended, to December 31, 2021, Athena's deadline to issue the remaining 45 million shares needed to acquire the other 90% of Excelsior Springs.
15 Nov 2021material agreement● Neutral
A first amendment to the Nubian option agreement for Excelsior Springs; by now the company had renamed itself Athena Gold Corporation, reflecting its new center of gravity.
12 Oct 2021capital raising announcement▲ Good
Athena closed the second and final tranche of that Canadian-dollar financing, raising CDN$248,696 more and bringing the total private placement to CDN$748,696.
9 June 2021capital raising announcement▲ GoodMajor
Athena closed the first tranche of a new CAD-denominated private placement -- CDN$500,000 from 6,250,000 units (share plus 3-year warrant) at CDN$0.08 -- its first raise priced in Canadian dollars, reflecting the growing Canadian investor base backing the Excelsior Springs gold story.
What it means for a shareholder
6.3m new shares at about C$0.080 to raise about C$500,000. That's 9.4% dilution: every existing holder's slice gets 9.4% smaller. If you held C$1,000 of shares (12,500 at the issue price), your slice goes from 0.0207% to 0.0188% of the company. To keep it you'd need 1,296 more shares - about C$104 at the issue price.
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5 Feb 2021capital raising announcement▲ Good
Freshly relieved of the Langtry-related Gibbs debt, Athena raised a further $97,500 selling 3,250,000 shares at $0.03 to five investors -- ordinary financing to keep the newly gold-focused company funded.
14 Jan 2021asset acquisition disposition▼ BadMajor
Athena sold its entire Langtry-holding subsidiary, Athena Minerals, to TriPower Resources -- a company controlled by lender John Gibbs -- in exchange for wiping out roughly $2 million owed under the 2012 credit agreement plus accrued interest, keeping a two-year option to buy the subsidiary back for $2.6 million. The insider debt that had financed a decade of silver exploration was resolved, at the cost of the silver project itself, in a related-party deal.
5 Jan 2021capital raising announcement● NeutralMajor
A consolidated year-end filing bundled several transactions: Athena granted Stronghold Silver USA Corp an option (signed Dec 21, 2020) to acquire 100% of 36 unpatented Calico-district claims for $1 million by Dec 2025 -- a new counterparty over the Langtry-area silver ground, agreed just weeks before Athena transferred the entire Langtry-holding subsidiary to lender John Gibbs's TriPower Resources (Jan 14, 2021); how the two transactions interact isn't clear from this filing. Separately, Athena raised $123,000 cash, issued 5,000,000 shares to Nubian Resources under the new Excelsior Springs option, and converted $315,000 of 2012-era Gibbs advances plus $96,500 of accrued Power management fees into 9.1 million more shares -- clearing old insider debt right before the bigger TriPower settlement.
21 Dec 2020asset acquisition disposition▲ GoodMajor
Athena and Nubian signed a definitive, two-tranche option agreement for Excelsior Springs: an immediate 10% interest for 5 million Athena shares, with a further 90% purchasable by end-2021 for 45 million more shares -- formalizing the August letter of intent.
