Felix Gold secured a $1.2 million in funding from major shareholder MDF Global to advance Alaskan projects and commercialisation opportunities.
Initially structured as an unsecured loan, the funding will transition to a convertible note at 8 cents per share, accompanied by 1-for-2 listed options.
The financial support enables Felix to evaluate development pathways for gold and antimony, explore the Northwest Array prospect, and advance discussions with strategic partners.
Thirty metallurgical samples from the Northwest Array are undergoing cyanide gold recovery testing, with results expected in the first quarter of 2024.