Athena Gold Completes Annual Payment for Laird Lake Project

Athena Gold Corporation has announced the completion of its annual option payment for the Laird Lake gold project in Red Lake, Ontario. The payment includes $50,000 issued through 500,000 common shares to Bounty Gold Corp at $0.05 per share, along with a $25,000 cash payment. This is part of a broader agreement that requires $1,200,000 in payments over five years.

The remaining balance consists of annual payments of $50,000 until 2028, with the option to use up to 50% in shares. By 2029, a final payment of $1 million in cash is due, which can be adjusted by combining cash and shares. All share issuances require Canadian Securities Exchange approval.

In a separate debt settlement, Athena Gold will issue 981,000 shares to cover $49,050 in consulting debts. This move is aimed at preserving cash for ongoing operations.