Research analysts covering Loncor Gold.
Recent press releases and 8-K filings for LONCF.
Loncor Gold Reports High-Grade Gold Intersections at Adumbi
LONCF
New Projects/Investments
- Loncor Gold Inc. announced multiple, high-grade gold intersections from its deep drilling program at the Adumbi deposit on December 15, 2025.
- Key results from borehole LADD033 include 26.36 metres grading 4.19 g/t gold, 15.49 metres grading 6.92 g/t gold, and a high-grade intersection of 1.36 metres grading 298 g/t gold.
- The Adumbi deposit currently has an indicated mineral resource of 1.88 million ounces of gold and an inferred mineral resource of 1.78 million ounces of gold within a USD1,600/oz open pit shell.
- Borehole LADD032 achieved the deepest drill intersection at Adumbi to date, reaching over 900 meters below Adumbi Hill's summit.
Dec 29, 2025, 7:58 PM
Loncor Gold: Court Grants Final Order for Arrangement with Chengtun Mining
LONCF
M&A
Takeover Bid
- The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement for Loncor Gold Inc. to be acquired by Chengtun Gold Ontario Inc., a wholly-owned subsidiary of Chengtun Mining Group Co., Ltd..
- Under this arrangement, Chengtun Gold Ontario Inc. will acquire all of the issued and outstanding common shares of Loncor.
- The closing of the arrangement remains subject to the satisfaction or waiver of the remaining conditions as outlined in the arrangement agreement, which was entered into on October 14, 2025.
Dec 16, 2025, 7:44 PM
Loncor Gold Reports High-Grade Gold Intersections at Adumbi Deposit
LONCF
New Projects/Investments
- Loncor Gold Inc. announced multiple high-grade gold intersections from its deep drilling program at the Adumbi deposit, with borehole LADD033 yielding results such as 26.36 metres grading 4.19 g/t gold, 15.49 metres grading 6.92 g/t gold, and 1.36 metres grading 298 g/t gold.
- These drilling results suggest significant potential for underground mining extraction below the current 3.66 million ounces within the USD1,600/oz open pit shell at Adumbi.
- The company also achieved its deepest drill intersection to date at Adumbi with borehole LADD032, which hit BIF mineralization over 900 meters below Adumbi Hill's summit.
- The Adumbi deposit currently holds an indicated mineral resource of 1.88 million ounces of gold and an inferred mineral resource of 1.78 million ounces of gold.
Dec 15, 2025, 10:35 PM
Loncor Gold Shareholders Approve Acquisition by Chengtun Mining
LONCF
M&A
Proxy Vote Outcomes
Takeover Bid
- Loncor Gold Inc. shareholders approved the acquisition of the company by Chengtun Mining Group Co., Ltd. (through its wholly-owned subsidiary, Chengtun Gold Ontario Inc.) at a special meeting held on December 11, 2025.
- The acquisition was approved by 99.70% of the votes cast by all shareholders.
- When excluding votes required for minority approval, 99.60% of shareholders voted in favor of the acquisition.
- The completion of the transaction remains subject to a final order from the Ontario Superior Court of Justice and the satisfaction or waiver of other closing conditions.
Dec 12, 2025, 11:07 AM
Loncor Gold Provides Update on Arrangement Transaction with Chengtun Mining
LONCF
M&A
Takeover Bid
- Loncor Gold Inc. is providing an update on the proposed Arrangement Transaction with Chengtun Mining Group Co., Ltd., which involves Chengtun Mining acquiring all outstanding shares of Loncor for Cdn$1.38 per share in cash.
- A special meeting of shareholders is scheduled for December 11, 2025, to obtain the required shareholder approval for the Arrangement Transaction, with closing subject to this and Ontario Superior Court of Justice approval.
- The Chinese Ministry of Foreign Affairs issued a heightened caution regarding certain regions in eastern DRC; however, Loncor's Adumbi project, located approximately 500 kilometres from the border areas, has not experienced any issues, and its drill program continues normally.
Dec 1, 2025, 6:47 PM
Loncor Gold Inc. Shareholders to Vote on Acquisition by Chengtun Gold Ontario Inc.
LONCF
M&A
Takeover Bid
Proxy Vote Outcomes
- Loncor Gold Inc. shareholders are invited to a special meeting on December 11, 2025, to consider and vote on an Arrangement Resolution for Chengtun Gold Ontario Inc. to acquire all issued and outstanding shares for Cdn$1.38 per Share in cash.
- The Cdn$1.38 per Share consideration represents a premium of approximately 48% to the 60-day volume weighted average trading price (VWAP), 33% to the 30-day VWAP, and 16% to the closing price as of October 10, 2025.
- The Board of Directors and the Special Committee unanimously recommend that shareholders vote FOR the Arrangement Resolution, based in part on a Fairness Opinion from Stifel Nicolaus Canada Inc. dated October 12, 2025, which concluded the consideration is fair from a financial point of view to shareholders.
- Approximately 38% of the issued and outstanding shares are subject to voting and support agreements in favor of the Arrangement.
Nov 20, 2025, 10:34 PM
Loncor Gold Inc. Reports Q3 2025 Results and Announces Acquisition by Chengtun Mining
LONCF
M&A
Earnings
New Projects/Investments
- Loncor Gold Inc. reported a net loss of $(972,872) for the three months ended September 30, 2025, and a net loss of $(2,242,985) for the nine months ended September 30, 2025.
- As of September 30, 2025, the company had cash and cash equivalents of $2,402,393 and working capital of $2,660,360.
- In October 2025, Loncor Gold Inc. entered into an arrangement agreement for Chengtun Mining Group Co., Ltd. to acquire all outstanding common shares for Cdn$1.38 per share in an all-cash transaction, expected to close by the end of December 2025.
- The acquisition agreement includes refundable advances totaling US$3,000,000 from Chengtun Mining to Loncor for ongoing exploration and general corporate purposes.
- The company completed a brokered private placement in May 2025, raising Cdn$9,400,000 in gross proceeds.
Nov 14, 2025, 5:37 PM
Loncor Gold calls Shareholders' Meeting to approve acquisition by Chengtun Mining
LONCF
M&A
Takeover Bid
Delisting/Listing Issues
- Loncor Gold Inc. has called a special shareholders' meeting for December 11, 2025, to approve its acquisition by Chengtun Mining Group Co., Ltd..
- The acquisition price is Cdn$1.38 per Share in cash, representing a premium of approximately 48% to the 60-day volume weighted average trading price (VWAP) and 16% to the closing price as of October 10, 2025.
- Loncor's Board unanimously recommends shareholders vote FOR the Arrangement Resolution, with shareholders representing approximately 37% of outstanding shares having already committed to vote in favor.
- The transaction is anticipated to close by the end of December 2025, leading to the delisting of Loncor's shares from the TSX, Frankfurt Stock Exchange, and OTCQX.
Nov 13, 2025, 10:06 PM
Loncor Gold Reports Significant Gold Intersections at Adumbi Deposit
LONCF
New Projects/Investments
- Loncor Gold Inc. reported multiple gold intersections from its deep drilling program at the Adumbi deposit on October 23, 2025.
- Borehole LADD031 intersected 12.72 metres grading 8.56 g/t gold, 12.10 metres grading 1.67 g/t gold, 15.00 metres grading 1.88 g/t gold, and 3.23 metres grading 5.98 g/t gold.
- These significant mineralized sections were found at a vertical depth of 570 metres below surface, indicating the banded ironstone formation (BIF) remains thick and well mineralized at this depth.
- The Adumbi deposit currently holds an indicated mineral resource of 1.88 million ounces of gold and an inferred mineral resource of 1.78 million ounces of gold.
Nov 5, 2025, 10:26 PM
Loncor Gold Announces Acquisition by Chengtun Mining
LONCF
M&A
Takeover Bid
- Loncor Gold Inc. has entered into an arrangement agreement with Chengtun Mining Group Co., Ltd. for an all-cash acquisition.
- Chengtun Mining will acquire all outstanding common shares of Loncor for C$1.38 per share, representing a total equity value of approximately C$261 million on a fully diluted basis.
- The consideration offers a premium of approximately 33% to Loncor's 30-day volume weighted average trading price and 16% to its closing price as of October 10, 2025.
- Shareholders representing approximately 38% of Loncor's issued and outstanding shares have signed voting support agreements in favor of the transaction.
Oct 28, 2025, 9:27 PM
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