Canagold advances New Polaris toward feasibility with High-Grade Gold and emerging Antimony upside

Proactive - Interviews for investors

Canagold Resources CEO Catalin Kilofliski joined Steve Darling from Proactive to provide an update on the company’s flagship New Polaris gold project, which is steadily advancing toward a feasibility study and production decision. Located in British Columbia, the project is drawing increasing attention for its exceptionally high-grade gold resource and new upside from a critical mineral byproduct—antimony. Kilofliski emphasized that New Polaris may host the highest-grade undeveloped gold deposit in the world, with an average grade of 13 grams per tonne (g/t) of gold. The current resource includes over one million ounces of gold, which is now being evaluated as part of ongoing feasibility-level work to define the project’s development path. A major update in the project’s evolution is the recent recognition of antimony as an economic byproduct. Kilofliski shared that Canagold has published a NI 43-101 compliant antimony resource of approximately 7,000 tons, which is now being incorporated into future mine planning. “Anything we would get paid eventually for antimony, it’s on top, which is great,” he said, noting that the costs associated with mining the antimony are already absorbed by the gold production, making it a pure bonus in terms of economics. This development is particularly timely, as antimony has been designated a critical mineral by both Canada and the United States, due to its strategic importance in defense, energy storage, and semiconductors, and growing concerns over global supply chain vulnerabilities. As demand for antimony rises, Canagold is well-positioned to benefit from both rising prices and increasing geopolitical interest in secure domestic sources. The company continues to advance permitting efforts in British Columbia, with both regulatory work and technical feasibility studies actively underway. These efforts are laying the groundwork for a future construction decision while engaging with stakeholders and regulatory bodies to ensure a clear path to development. Kilofliski also highlighted Canagold’s strong financial position, supported by its major shareholder, Sun Valley Investments, which owns approximately 50% of the company’s outstanding shares. Sun Valley’s involvement provides Canagold with stable, long-term financial backing, enabling the company to maintain momentum without reliance on near-term dilutive financing. With high-grade gold, newly defined critical minerals, supportive capital partners, and ongoing regulatory progress, Canagold Resources is shaping New Polaris into a uniquely attractive development-stage asset, offering both near-term advancement and long-term strategic value in a resource-constrained world. #proactiveinvestors #canagoldresources #tsx #ccm #otcqb #crcuf #mining #Antimony #CriticalMinerals #NewPolaris #MiningStocks #FeasibilityStudy #TSX