Puma Exploration Inc., a junior mining exploration company, acquires, explores for, and develops mining properties in Canada. The company explores for gold, silver, and copper deposits. Its flagship project is the Williams Brook Gold project covering an area of approximately 20,662 hectares located in New Brunswick. The company is headquartered in Rimouski, Canada.

Puma Exploration Inc.

Puma Exploration is a Canadian mineral exploration company focused on discovering gold orebodies in Northern New Brunswick.

Puma Exploration

Puma Exploration | 2,375 followers on LinkedIn. Making the Next Significant Gold Discovery in Atlantic-Canada
En route vers la prochaine découverte aurifère majeure | Puma Exploration is a Canadian-based mineral exploration company focused on gold exploration in a new emerging gold camp in New Brunswick, Atlantic-Canada. The Company has developed and adopted a DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate maximum value for shareholders.

Puma Exploration est une société canadienne d’exploration minière axée sur l’exploration aurifère dans un nouveau camp aurifère émergent au Nouveau-Brunswick.

Executive Chairman at Puma Exploration

Réjean Gosselin

Investor Relations and Corporate Communications Specialist

Mia Boiridy

Chef d'entreprise, Puma Exploration

Marcel Robillard

Puma Welcomes Kinross Gold as Strategic Investor to Explore and Develop the Williams Brook Project ⛏️ 🇨🇦 Puma Exploration is pleased to announce the execution on October 23, 2024 of a definitive option agreement with KG Exploration (Canada) Inc, a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K, NYSE: KGC) with respect to the Williams Brook, Portage and Jonpol properties located in Northern New Brunswick, Canada. Under the terms of the Option Agreement, Kinross will have, subject to certain conditions, the option to earn a 65% interest in the Project by funding a minimum of $16,750,000 in exploration expenditures during a period of five years (including a firm commitment of $2,000,000 with at least 5,000 metres of drilling during the first 18 months). In connection with the Option Agreement, Kinross has also agreed to subscribe under a concurrent private placement for treasury common shares of the Company, representing approximately 9.9% of its issued and outstanding shares. Puma’s President and CEO Marcel Robillard stated, “We believe in the region’s potential to host Canada’s next major gold camp. I am delighted to welcome Kinross, the first major gold producer to establish a presence in New Brunswick. I look forward to working with its first-in-class exploration and development team to grow the region’s potential”. Most of the first $2M will be directed towards drilling (5,000 metres) and other identified targets on the Williams Brook property. The drilling program will continue to test and define the Lynx Gold Zone previously intersected by Puma (5.55 g/t Au over 50.15 m, 2.49 g/t Au over 63.05 m, 5.15 g/t Au over 23.15 m, 2.77 g/t Au over 42.80 m, 1.24 g/t Au over 98.05 m, 3.97 g/t Au over 22.10 m, 3.12 g/t Au over 35.35 m)”. He also emphasized the financial benefits of the agreement, “Within four years and with only $12.75 M of expenditures (as of May 31, 2024), Puma successfully defined a high-grade gold zone at the Williams Brook property, the Lynx Gold Zone that attracted a Tier One gold producer. With juniors still struggling despite gold’s all-time high price, this significant injection of cash over the next five years, especially Kinross’s firm commitment over the next 18 months, will significantly accelerate exploration and unlock the Project’s value. Kinross’ commitment represents a stamp of approval on Williams Brook’s potential, and having Puma as the operator speaks to Kinross’ confidence in the strength of our exploration team.” 📈TSXV: PUMA | OTCQB: PUMXF 📈 Kinross Gold Corporation #Mining #Newbrunswick #Gold #Exploration #goldmining See the full news release ➡️ https://lnkd.in/gv2sVyRU

Puma Closes the Option Agreement and $1M Private Placement with Kinross Gold ⛏️🇨🇦 We are pleased to announce that we have closed our Option Agreement for the Williams Brook, Portage and Jonpol properties announced on October 24, 2024 including a non-brokered private placement for $1,011,473.47 with Kinross Gold Corporation (TSX: K, NYSE: KGC). In connection with the Option Agreement, Kinross subscribed to 16,857,891 common shares of the Company at a price of $0.06. Kinross now holds approximately 9.9% of Puma's issued and outstanding shares. Puma and Kinross have also executed an investor rights agreement, pursuant to which, among other things, Kinross will be granted the right to participate in future equity financings in order to maintain its ownership percentage in the Company or acquire up to 19.9% of the total of common shares of the Company issued and outstanding after issuance of new securities. The Private Placement was negotiated at arms’ length with no associated finder’s fees. All securities issued under the Offering will have a statutory hold period of four months and one day. The net proceeds of the Offering will be used by the Company to explore its other projects and for general corporate and working capital purposes. The Company expects to release news regarding its short to medium-term strategy for its other 100% held properties in the coming weeks. 📈TSXV: PUMA | OTCQB: PUMXF 📈 Kinross Gold Corporation #Mining #Newbrunswick #Gold #Exploration #goldmining See the full news release ➡️ https://lnkd.in/gvT5stqj

Puma has accumulated an impressive portfolio of prospective gold landholdings in Northern New Brunswick – the Williams Brook, JonPol, Portage, TIMM and Jacquet River properties. They are all located near the Rocky Brook Millstream Fault, a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma’s work to date has focused on the Williams Brook property, but prospecting and surface exploration work on the other properties have confirmed their potential for significant gold mineralization. Puma retains its 100% interest in the TIMM and Jacquet River properties and will continue to advance their development. 📈TSXV: PUMA | OTCQB: PUMXF 📈 #Mining #Newbrunswick #Gold #Exploration #goldmining Learn more ➡️ https://lnkd.in/g8m5KCyn

Puma Exploration Accelerates Acquisition of Claims at Williams Brook 🇨🇦⛏️ We are please to report that we have satisfied, ahead of schedule, the requirements for our purchase of 100% interest in 341 claims announced on March 1, 2022. The Claims cover the Panthera Gold Zone and the newly discovered Lion Gold Zone. To complete our acquisition of 100% interest in the Claims, Puma had an obligation to issue the Vendor 250,000 common shares of the Company and a C$50,000 cash payment on or before February 2025. This agreement, amongst others, negotiated by Puma to extend its property, was the last to be fully executed. The 100%-owned Williams Brook Gold Project includes the Williams Brook, Portage and Jonpol properties. Corporate Update Following the nomination of Martin Nicoletti as CFO of Puma Exploration, the Company is pleased to announce that Ms. Kayla Nicoletti has been appointed Corporate Secretary. Ms. Nicoletti has over 12 years of experience working with public companies in the mining sector, ensuring their efficient administration and their adherence to compliance requirements. Kayla succeeds Ms. Karolyn Bouchard-Gagné, who left Puma to pursue other opportunities. We want to thank Ms. Bouchard-Gagné her contributions over the last 5 years and wish her good luck in her new endeavours. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining See the full news release ➡️ https://lnkd.in/gFcv6PhQ

Learn about our newly discovered Lion Gold Zone ⛏️ The ongoing surface exploration program in 2024 uncovered several large quartz outcrops and subcrops in an area that was never explored before, 4 km along strike away from the Jaguar Gold Zone. This gold trend-oriented NE parallels the Lynx Gold Trend, which extends more than 10 km between the Lynx and Panthera gold zones. The new gold zone, the Lion Gold Zone, is closely associated with a major fault, the McCormack Brook Fault. Prospection uncovered altered sediment and rhyolite with mineralized quartz veins similar to the mineralization found at the LGZ. An initial ten (10) samples were collected with assay highlights of 72 g/t Au, 2.61 g/t Au, 0.13 g/t Au and 0.07 g/t Au. The 72 g/t gold sample is composed of quartz, oxidized sulphides and fragments of altered rhyolite. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more ➡️ https://lnkd.in/g3JdhSZg

Puma is currently focused on developing the Lynx Gold Zone, but another 3 gold zones were identified in 2022, kilometres away from the LGZ – the Jaguar, Cougar and Panthera Gold Zones. These areas have only been surface sampled, but preliminary high-grade gold results warrant further exploration. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more ➡️ https://lnkd.in/gnbZWMQa

Puma Exploration Announces Appointment of New Chief Financial Officer ⛏️ Puma Exploration announces that it has hired SKTM Financial Corporation Ltd. to provide corporate finance, accounting, and administrative support, and is pleased to announce the appointment of Mr. Martin Nicoletti, CPA as Chief Financial Officer effective immediately. Mr. Nicoletti is a certified public accountant with 35 years of experience managing public companies, advising on capital market transactions, and providing financial stewardship. As President of Montreal-based SKTM Financial Corporation Ltd., he brings a proven track record of strategic financial consulting, accounting, auditing and financial compliance services to his clients. He is currently the CFO of several publicly listed mining and mineral exploration companies. Mr. Nicoletti graduated with a Bachelor of Business Administration (Option Accounting) from the Université du Quebec in Trois-Rivières. Marcel Robillard, Puma’s President and CEO, stated, “I am very pleased to welcome Martin to Puma. He brings a wealth of experience in all aspects of a junior resource company operations that will be instrumental as we continue to develop our Williams Brook Gold Project and our assets in northern New Brunswick. We'll miss Ginette, who has been with the Company since 2003. I wish her well in her retirement. Martin’s firm, SKTM, is taking over all accounting responsibilities and the transition is expected to go smoothly.” 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining See the full news release ➡️ https://lnkd.in/gxYamMdP

Puma Exploration Closes the Sale of the Chester Project ⛏️ Puma Exploration announces the closing of the sale of the Chester Project to Raptor Resources Ltd. and certain amendments to the terms of the previously announced transactions. The cash and share components for the sale of the Chester Project remained unchanged, and Puma is pleased to report that Raptor has satisfied the conditions of the sale with its payment of AUD $500,000 and 4,000,000 Raptor shares. Marcel Robillard, President and CEO of Puma, commented. “We appreciate Raptor’s continued efforts to close its acquisition of the Chester Project. The AUD $500,000 payment to Puma represents a substantial non-dilutive injection of cash that allows us to continue to develop our Williams Brook Gold Project and increase shareholder value. This transaction showcases Puma’s innovative D.E.A.R. corporate strategy that has been successful time and again with property acquisitions, sales, and out-of-the-box thinking to generate added value for shareholders. This is especially critical now, at a time when markets, despite record-high commodity processes, are not supporting junior explorers.” 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining See the full news release ➡️ https://lnkd.in/gNsKsrgV

Williams Brook Gold Project ⛏️ Puma’s flagship Williams Brook Gold Project covers more than 49,000 ha of prospective gold landholdings in Northern New Brunswick, an established and mining-friendly jurisdiction near paved roads and with excellent infrastructure nearby. The nearby towns of St-Quentin and Bathurst have a history of forestry and mining. The local communities support the industry and host a skilled labour force. The land package is located near the Rocky Brook Millstream Fault (“RBMF”), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Since 2021, and with less than C$12.5M of exploration investment, Puma made several significant gold discoveries at the Williams Brook property – the Lynx, Tiger, Cheetah, Cougar, Jaguar, and Panthera Gold Zones, with gold mineralization hosted in quartz veins at surface. The Lynx Gold Zone and its 4 km extension to the Cheetah Gold Zone remains the company’s focus. A large orogenic system is likely at Williams Brook. Puma is engaged in a multiyear focused exploration program to unlock value and develop Atlantic Canada’s newest gold camp. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more ➡️ https://lnkd.in/gnbZWMQa

About Puma Exploration ⛏️ Puma Exploration is a Canadian-based mineral exploration company with precious metals projects in New Brunswick, near Canada's Famous Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years. As a first mover, the Company quickly and strategically accumulated an impressive portfolio of prospective gold landholdings in the area. Puma’s successful exploration methodology combines old prospecting methods with detailed trenching and up-to-date technology such as Artificial Intelligence to facilitate an understanding of the geology and associated mineralized systems. Armed with geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more about us ➡️ https://lnkd.in/g8m5KCyn

	Feb '14	Feb '15	Feb '16	Feb '17	Feb '18	Feb '19	Feb '20	Feb '21	Feb '22	Feb '23	Feb '24
net income	-578.49K -	-1.96M 239.52%	-743.22K 62.16%	-1.89M 154.74%	-1.11M 41.16%	-1.23M 10.54%	-13.90M 1,029.01%	-1.19M 91.47%	-2.04M 71.68%	-1.29M 36.77%	-1.61M 24.69%
depreciation and amortization								6.09K -	10.49K 72.33%	18.91K 80.18%	15.45K 18.26%
deferred income tax								-783.66K -	-838.90K 7.05%	-518.87K 38.15%
stock based compensation	269.75K -	229.50K 14.92%	48K 79.08%		78.10K -	164.40K 110.50%		579.05K -	621.04K 7.25%	521.75K 15.99%
change in working capital	38.49K -	20.20K 47.53%	76.85K 280.48%	-199 100.26%	-111.28K 55,818.59%	137.93K 223.95%	-32.06K 123.25%	-225.98K 604.83%	-163.04K 27.85%	-154.42K 5.29%	-153.97K 0.29%
accounts receivables	10.91K -	8.13K 25.46%	20.98K 158.04%	-9.25K 144.08%	-21.00K 126.97%	39.31K 287.26%	-3.53K 108.99%	-31.57K 793.43%	-196.87K 523.70%	40.70K 120.67%	-61.83K 251.92%
inventory
accounts payables								-160.87K -
other working capital	27.59K -	12.07K 56.26%	55.87K 362.99%	9.05K 83.80%	-90.28K 1,097.49%	98.61K 209.23%	-28.53K 128.93%	-33.55K 17.59%	33.83K 200.83%	-195.11K 676.79%	-92.14K 52.78%
other non cash items	-200.93K -	1.13M 662.73%	289.63K 74.39%	1.36M 370.85%	89.12K 93.47%	314.41K 252.81%	13.21M 4,099.99%	718.42K 94.56%	1.03M 43.01%	-373.36K 136.34%	232.93K 162.39%
net cash provided by operating activities	-471.18K -	-583.67K 23.88%	-328.74K 43.68%	-529.77K 61.15%	-1.06M 99.73%	-614.79K 41.90%	-730.90K 18.88%	-892.15K 22.06%	-1.38M 54.60%	-1.79M 30.03%	-1.60M 10.58%
investments in property plant and equipment	-1.67M -	-1.43M 14.52%	-507.85K 64.40%	-1.62M 219.06%	-3.04M 87.68%	-1.01M 66.64%	-728.84K 28.16%	-1.98M 172.26%	-3.60M 81.24%	-4.84M 34.50%	-2.19M 54.68%
acquisitions net				11.85K -
purchases of investments				-110K -
sales maturities of investments				1M -	35.44K 96.46%		185.53K -	404.03K 117.78%
other investing activites				50K -	100K 100%	195K 95%	100K 48.72%
net cash used for investing activites	-1.67M -	-1.43M 14.52%	-507.85K 64.40%	-668.50K 31.63%	-2.91M 334.65%	-819.51K 71.80%	-443.32K 45.90%	-1.58M 256.47%	-3.60M 127.57%	-4.84M 34.50%	-2.19M 54.68%
debt repayment					-2M -			-3.81K -	-4.16K 9.24%
common stock issued	2.71M -	1.86M 31.49%	613.53K 67.00%	1.66M 170.72%	1.91M 15.24%	1.07M 43.89%	1.09M 1.30%	4.34M 298.77%	8.23M 89.70%	1.75M 78.70%	4.13M 135.48%
common stock repurchased
dividends paid										-87.78K -
other financing activites	-214.71K -	-97.38K 54.64%					-50.25K -	35.97K 171.58%	-1 100.00%
net cash used provided by financing activities	2.50M -	1.76M 29.50%	613.53K 65.18%	1.66M 170.72%	3.91M 135.66%	1.07M 72.56%	1.09M 1.30%	4.37M 301.73%	8.23M 88.21%	1.67M 79.76%	4.13M 147.90%
effect of forex changes on cash									1 -
net change in cash	359.50K -	-247.96K 168.97%	-223.07K 10.04%	464.68K 308.32%	-51.63K 111.11%	-360.27K 597.72%	-86.19K 76.08%	1.90M 2,302.50%	3.25M 71.24%	-4.97M 252.75%	331.68K 106.68%
cash at beginning of period	151.87K -	511.37K 236.72%	263.41K 48.49%	40.34K 84.68%	505.02K 1,151.89%	453.39K 10.22%	93.12K 79.46%	6.93K 92.56%	1.91M 27,409.77%	5.16M 170.61%	190.49K 96.31%
cash at end of period	511.37K -	263.41K 48.49%	40.34K 84.68%	505.02K 1,151.89%	453.39K 10.22%	93.12K 79.46%	6.93K 92.56%	1.91M 27,409.77%	5.16M 170.61%	190.49K 96.31%	522.17K 174.12%
operating cash flow	-471.18K -	-583.67K 23.88%	-328.74K 43.68%	-529.77K 61.15%	-1.06M 99.73%	-614.79K 41.90%	-730.90K 18.88%	-892.15K 22.06%	-1.38M 54.60%	-1.79M 30.03%	-1.60M 10.58%
capital expenditure	-1.67M -	-1.43M 14.52%	-507.85K 64.40%	-1.62M 219.06%	-3.04M 87.68%	-1.01M 66.64%	-728.84K 28.16%	-1.98M 172.26%	-3.60M 81.24%	-4.84M 34.50%	-2.19M 54.68%
free cash flow	-2.14M -	-2.01M 6.07%	-836.59K 58.38%	-2.15M 157.01%	-4.10M 90.65%	-1.63M 60.25%	-1.46M 10.41%	-2.88M 97.05%	-4.98M 72.97%	-6.63M 33.26%	-3.80M 42.75%

COM:EXPLORATIONPUMA

Puma Exploration

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21/11 20:00

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