21 Jan 2021substantial holder notice● Neutral
John C. Power reported a ATHENA GOLD CORP shareholding of 8,302,500 shares (14.56% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
8 Jan 2021director interest notice● Neutral
ATHENA GOLD CORP director Brian Power acquired 300,000 shares at $13500.00 under a company stock plan.
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.
4 Nov 2020director interest notice● Neutral
ATHENA GOLD CORP director Brian Power bought 300,000 shares on the open market at $0.03.
4 Nov 2020quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $140 thousand for the period ended 2020-09-30.
19 Oct 2020securities registration● Neutral
ATHENA GOLD CORP filed notice of an exempt private placement.
19 Oct 2020material agreement● Neutral
A thirteenth modification extended the Gibbs credit facility to year-end 2020.
31 Aug 2020material agreement▲ GoodMajor
Days after walking away from Langtry, Athena signed a letter of intent with Nubian Resources to option Nubian's Excelsior Springs gold exploration project in Nevada, paying with 50 million Athena shares -- the company's pivot from silver back toward gold, and the start of its relationship with Nubian.
7 Aug 2020quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $63 thousand for the period ended 2020-06-30.
18 May 2020quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $64 thousand for the period ended 2020-03-31.
14 May 2020late filing notice▼ Bad
ATHENA GOLD CORP notified the SEC that its quarterly report would be filed late.
29 Apr 2020material agreement termination▼ BadMajor
Athena terminated its decade-old Langtry lease/option outright, while separately securing a conditional 1% royalty on any future silver production there (contingent on paying off a remaining $100,000 owed under a 2015 royalty-buydown deal with Mobil) -- effectively giving up direct control of its flagship silver project while retaining a thin royalty claim on it.
24 Feb 2020material agreement▼ Bad
An eleventh modification pushed the Gibbs facility's maturity to mid-2020, alongside a revised, reduced Langtry option-payment schedule -- signs Athena was renegotiating obligations down amid tight finances.
14 Nov 2019quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $54 thousand for the period ended 2019-09-30.
6 Nov 2019debt financing● Neutral
A tenth modification further extended the Gibbs facility.
12 Aug 2019quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $52 thousand for the period ended 2019-06-30.
15 May 2019quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $110 thousand for the period ended 2019-03-31.
8 Nov 2018quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $58 thousand for the period ended 2018-09-30.
14 Aug 2018late filing notice▼ Bad
ATHENA GOLD CORP notified the SEC that its quarterly report would be filed late.
14 Aug 2018quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $72 thousand for the period ended 2018-06-30.
6 Aug 2018debt financing● Neutral
An eighth modification extended the Gibbs credit facility again.
28 June 2018capital raising announcement▼ Bad
Director LeRoy Wilkes converted $16,500 in accrued director's fees into 330,000 shares at $0.05 -- a fraction of 2013's $0.26 price, reflecting years of decline while the Gibbs credit facility kept being extended in the background.
14 May 2018quarterly activities report▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $72 thousand for the period ended 2018-03-31.
10 Jan 2018substantial holder notice● Neutral
JOHN D. GIBBS reported a ATHENA GOLD CORP shareholding of 17,449,124 shares (48.20% of votes) in a periodic institutional filing.
29 Dec 2017substantial holder notice● Neutral
John C. Power reported a ATHENA GOLD CORP shareholding of 4,843,000 shares (13.30% of votes) in a periodic institutional filing.
28 Dec 2017director interest notice● Neutral
ATHENA GOLD CORP President and CFO John C /ca/ Power disposed of 653,000 shares via option/appreciation-right settlement.
28 Dec 2017director interest notice● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 723,000 shares on the open market.
14 Nov 2017quarterly activities report● Neutral
ATHENA GOLD CORP reported a quarterly net income of $4 thousand for the period ended 2017-09-30.