Gold Road Inc. Acquires Fully Permitted Gold Road Mine, Arizona
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Gold Road Inc. has acquired and plans to restart the fully permitted Gold Road Mine in Arizona. The Gold Road Mine is home to a 214,000 oz high-grade gold resource and a modern $80 million processing facility. The company is poised for scalable growth through a hub-and-spoke strategy.
Svein Øygard, former Governor of the Central Bank of Iceland and energy sector entrepreneur, has joined the board. The company is on track for near-term production and a planned public listing.
“We are building a high-grade gold company with immediate production potential, long-term scalability, and now global-caliber leadership,” said Jeremy Gray, CEO of Gold Road Inc.
“The Gold Road Mine gives us a strong operational platform with district-scale growth ahead. Svein Øygard’s appointment reflects the confidence backing this vision as we prepare to enter public markets,” added Gray.
The fully integrated gold mine and mill in Arizona will be restarted on what was once the old Route 66. The fully invested plant, new veins in an established mine, and the remains of 150 years of mining, forms the commercial basis for the restart of the mill, which produced significant volumes as late as in 2021.
This pivotal moment is marked by three key developments:
• The acquisition and planned restart of the fully permitted, past-producing Gold Road Mine in Arizona
• The appointment of Svein Øygard to the company’s board of directors
• The upsizing of its $1.46 million (C$2 million) seed financing to $2.2 million (C$3 million), due to exceptionally
strong investor demand. Proceeds will support the production restart and preparation for a public listing,
targeting a $51.7 million (C$70 million) post-IPO valuation
The Gold Road Mine hosts a high-grade underground resource of 214,000 ounces at ~6 g/t Au, supported by a modern $80 million gold processing facility. Crucially, the deposit remains open in all directions, offering substantial potential for resource expansion through further drilling. Located in Arizona’s historic Oatman district, the fully permitted mine provides a fast track to near-term production and cash flow, with first gold pour targeted for Q3 2025.
Gold Road Inc. is a U.S.-focused gold company advancing the restart of the fully permitted Gold Road Mine in Arizona. Led by a team with a proven track record, Gold Road is building a scalable, high-grade production platform in one of the U.S.‘s most historic gold districts.
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