TDG Gold Corp. Unveils Transformative Strategy Following Anyox Acquisition and C$25M Bought Deal Financing
TDG Gold Corp. (TSXV: TDG, OTCQX: TDGGF) (“TDG” or the “Company”) is poised for a transformative leap forward following the announced acquisition of Anyox Copper Ltd. and a C$25 million bought deal private placement, as detailed in its June 17, 2025, news release - read here. This strategic milestone not only expands TDG’s exploration portfolio into British Columbia’s historic Anyox volcanogenic massive sulphide (VMS) district but also positions the Company as an emerging leader in Canada’s copper-gold exploration sector, focused on British Columbia. By leveraging modern exploration techniques, innovative financing, and a year-round exploration model, TDG is transitioning from a penny stock to a blue-chip prospect with a robust shareholder base and enhanced access to institutional funds.
In only 6 month, starting from a 52-week low of C$0.09 in Q4 2024, TDG’s share price has soared to around C$0.60 by June 13, 2025, reflecting a market capitalization of C$110 million. As a quick recap, the backdrop of what has fueled the growth in share value can be found in the reviews published on February 3rd and March 3rd 2025.
With this next strategic move, TDG will leverage a robust C$40 million treasury to fund aggressive exploration, post merger. In additon to the acquisition of Anyox, cementing its unique position as one of the companies remaining in the Toodoggone District with 100% ownership of its highly prospective projects—Greater Shasta-Newberry and Anyox—without resorting to joint ventures that dilute control.
Figure 1: Diversifying two projects
Rediscovering Anyox: A Forgotten VMS District with Modern Potential
TDG’s acquisition of Anyox secures 100% ownership of a high-potential copper-focused VMS asset, complementing its fully owned flagship Greater Shasta-Newberry project in the Toodoggone District.
The Anyox project, located in British Columbia’s Golden Triangle, represents a rare opportunity to unlock a historically significant VMS district that has lain dormant since its closure during the Great Depression in 1935. Once a bustling mining hub, Anyox produced substantial copper, gold, and silver before economic collapse halted operations. For nearly a century, the district has seen no systematic exploration using modern tools, leaving its potential largely untapped.
The Company plans to deploy advanced geophysical surveys, geochemical analysis, and diamond drilling to delineate high-grade VMS deposits, leveraging data compilation and insights absent during Anyox’s early 20th-century operations.
Bought Deal Financing, as a Strategic Advantage
TDG’s C$25 million bought deal private placement underscores its financial independence and strategic foresight. The financing, led by a syndicate of underwriters and bolstered by a strategic investment from Skeena Gold & Silver, ensures TDG retains full control over its expanded portfolio. This approach minimizes dilution of future upside for shareholders while providing a robust treasury of approximately C$40 million to fund aggressive exploration programs. This capital empowers the company to advance exploration at the Toodoggone and Anyox projects without the limitations of a joint venture, ensuring maximum effectiveness.
The financing includes non-critical mineral flow-through shares, enabling TDG to allocate funds specifically to gold-silver exploration at its Shasta and Mets projects. This flexibility enhances the Company’s ability to pursue high-grade epithermal targets in parallel with copper-gold porphyry exploration, diversifying its discovery potential.
The Bought Deal financing represents a pivotal strategy that sets the Company apart from its peers in the Toodoggone District. Unlike many junior exploration companies that enter joint ventures (JVs) to fund development, often at the cost of relinquishing significant project control, TDG’s bought deal approach ensures 100% ownership of its highly prospective Greater Shasta-Newberry and Anyox projects. This financing structure not only preserves upside potential for value creation but also enhances operational flexibility and strategic autonomy, positioning TDG for transformative growth.
Year-Round Exploration: Breaking the Seasonal Mold
The dual-district strategy enables year-round exploration for TDG, unlike many Canadian exploration companies limited by seasonal access. The Toodoggone District’s Greater Shasta-Newberry and Baker Complex projects are accessible during the summer months, while Anyox’s coastal location in the Golden Triangle allows for winter exploration. This operational advantage extends TDG’s exploration season, accelerating discovery timelines and optimizing resource allocation.
By integrating Anyox with the Toodoggone projects, TDG has established a year-round exploration platform. This approach boosts efficiency and ensures steady updates to the market. The ability to operate year-round distinguishes TDG from single-project peers, enhancing its attractiveness to investors seeking exposure to steady progress in a cyclical industry.
From Penny Stock to Blue-Chip Prospect
TDG’s strategic move is reshaping its market profile, transitioning the Company from a speculative penny stock to a blue-chip exploration play. The C$25 million financing is supported by a more established shareholder structure, including institutional investors, natural resource funds and strategic partners like Skeena Gold & Silver - who also participated in TDG’s prior financing round.
With BMO Capital Markets acting as a key broker, this shift enhances TDG’s access to capital markets, positioning the Company to compete with larger peers and attract further institutional investment.
Noteworthy Elements of the Post-Merger Structure:
Fully Diluted, 58 Million Share Count, with no additional Warrant overhang
Cash Registry of C$40M at a Market Cap of C$158M;
25% Cash to Market Cap Ratio
This is a relatively strong position for a Junior Exploration Company and provides significant liquidity to fund operations (e.g., exploration at Greater Shasta-Newberry and Anyox) without immediate need for additional financing.
Below is a rough outline of BOTE - Back on the Envelope calculation of the anticipated value per share, post merger:
| Asset/Project | Value/Description |
|---|---|
| Cash Treasury | C$40,000,000 |
| Mets Mine | C$15,000,000 (marketable any day, likely undervalued, bad sell) |
| Shasta MRE | C$65,000,000 (1/3 of NPV, 1.5M ounces at ~C$138/ounce, marketable) |
| Baker Complex | C$25,000,000 (conservative value for JV) |
| Sofia | C$10,000,000 |
| BOTOX Claims | C$10,000,000 (northern Toodoggone claims) |
| Anyox Project | Value TBD (historic VMS district, recently acquired) |
| Toodoggone Mining Licence | Qualitative asset (permits for exploration/development, value TBD) |
| Total (Quantifiable Assets) | C$165,000,000 |
Following the strategic merger, the table highlights that the new shareholder group’s investments resemble more of a check-swap, positioning TDG Gold Corp. for a revitalized entrepreneurial launch. What cannot be emphasized enough is that major discoveries have already been made, this required 10s of Millions of upfront investment that now lay behind. The exploration targets are clearly defined, with the Skeena Gold & Silver team actively supporting efforts to maximize the value of their stake.
It also needs to be emphasized that the transition into blue-chip territory, marks a pivotal shift, enabling access to significant capital from gold funds and institutional investors restricted from allocating larger sums to penny stocks due to compliance and risk mandates. It will positions the Company as a credible, investable option for major funds seeking a stable, growth opportunity in the mining sector.
Figure 2: Post Merger Structure
Looking Ahead: A Platform for Growth
With a fortified treasury, a diversified project portfolio, and a year-round exploration model, TDG is well-positioned to deliver transformative discoveries in 2025 and beyond. The Company’s immediate priorities include advancing exploration at Greater Shasta-Newberry, where drilling in H2/2025 is prepared tactically, following the mobilization of its field team in June 2025.
Anyox offers a unique opportunity to redefine a historic VMS district using cutting-edge technology. Together, these assets position TDG to capitalize on favorable commodity markets.
Post-merger, TDG will harness a robust C$40 million treasury to drive aggressive exploration, solidifying its unique position in the Toodoggone District, with scale, independent and 100% ownership of its highly prospective Greater Shasta-Newberry and Anyox projects, avoiding joint ventures and diluting control.
Disclaimer
At the time of writing this Article, LnL-Research.com, published by L&L Consulting GmbH & Managing Director: Daniel Lütten; owned shares of TDG Gold Corp. purchased on the Open Market, through Private Placement and paid as Finders Fee’s from a Purchase Agreement in 2024. TDG Gold Corp. does not currently have an active paid advertising, investor relations or paid research relationship with LnL-Research.com. The articulated views in this article are to be considered biased in favour of TDG Gold Corp. LnL-Research.com may choose to buy or sell at any time without notice. This article does not constitute investment advice and is not a solicitation for any investment. LnL-Research.com does not provide general or specific investment advice and the information on LnL-Research.com should not be considered a recommendation to buy or sell any security, nor any other possible investment vehicle. Each reader is encouraged to consult with his or her personal financial advisor and perform their own comprehensive investment due dilligence. The content provided is for information and entertainment purposes only. By opening this page, each reader accepts and agrees to LnL-Research.com`s terms of use and full legal disclaimer. LnL-Reserach.com does not endorse or recommend the business, products, services or securities of any company, or other investment opportunities, mentioned.
