Gold Explorer Secures 100% Ownership on Properties in Ontario

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2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Renegade Gold Inc.
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Renegade Gold Inc. (RAGE; TSX: TGLDF; OTC: 070:FSE) has finalized the amendment and completion of purchase option agreements on its Satterly and Uchi gold projects, originally announced on April 5, 2022. In lieu of cash and additional share payments, the company has issued a total of 700,000 common shares to the optionors. For the Satterly property, Renegade issued 200,000 common shares in place of a CA$28,000 cash payment. For the Uchi property, 500,000 shares were issued in exchange for a CA$40,000 cash payment and a previously agreed-upon issuance of 20,000 shares.

With the transaction now closed, Renegade holds a 100% ownership interest in both properties. The Satterly project is subject to a 1.5% net smelter returns (NSR) royalty, while the Uchi project is subject to a 2.0% NSR royalty, both in favor of the original optionors. All issued shares are subject to a statutory hold period expiring on October 14, 2025. A net smelter returns royalty is a common industry mechanism where a percentage of revenue generated from mineral production is paid to a royalty holder, calculated after refining and smelting costs.

These transactions consolidate Renegade's control over key exploration assets in Ontario's Red Lake District, an area with a long-established gold mining history and active industry investment. The region has gained renewed attention in recent years with significant acquisitions and developments by major companies, including Kinross's CA$1.8 billion acquisition of the Great Bear Project.

Gold's Enduring Role in a Volatile Financial Landscape

According to a June 12 article by Brian Hicks, the pursuit of gold remained deeply entrenched in both historical reverence and modern necessity, despite the extraordinary human and environmental toll. Hicks profiled Mponeng, the world's deepest gold mine, highlighting its extreme conditions and massive resource intensity. He noted that despite generating only ten tons of gold annually, Mponeng consumed enough electricity to power 400,000 homes and required a workforce of 4,000 daily. "Gold is memory. Gold is trust. Gold is currency," Hicks wrote, emphasizing that even in an era of digital transformation, gold's legacy as a trusted asset continued to drive global demand.

On June 13, VBL reported that U.S. bullion banks generated US$500 million in revenue from precious metals trading in the first quarter of the year, citing data from Crisil Coalition Greenwich. The surge was driven by tariff-related arbitrage opportunities, which created pricing gaps between U.S. and international gold markets. Traders capitalized on COMEX premiums by importing physical metal to New York, mirroring similar arbitrage conditions seen during the 2020 pandemic. This market behavior underscored the ongoing relevance of physical gold delivery and price dislocations in times of uncertainty.

Technical Analyst Clive Maund rated Renegade Gold as "an Immediate Strong Buy."

That same day, Stockhead observed that geopolitical tensions had an immediate impact on commodity markets, with gold briefly reaching US$3,410 per ounce following reports of Israeli strikes on Iran. The news caused a sharp pivot in risk sentiment, driving investors toward traditional safe havens. The publication described the price movement as a "pop," reinforcing gold's role as a defensive asset amid global instability.

Also on June 13, market commentator Chen Lin described his response to the geopolitical-driven gold rally, stating, "I sold out my future positions in gold and silver, taking nice profits." He noted that while gold had jumped in reaction to the Middle East conflict, he viewed such spikes with caution due to the unpredictability of margin calls and market reactions during periods of heightened volatility.

Finally, on June 16, Matthew Piepenburg wrote that gold's strength in 2025 reflected deep-rooted distrust in the global financial system. He argued that fiat currencies had lost credibility and purchasing power over time, stating, "Gold is unmasking the lie of deficits without tears, money printing without currency debasement and debt without destruction." Piepenburg cited a European Central Bank warning that over 2,000 tons of gold demand in 2025 could trigger a financial crisis in the Eurozone, where derivative contracts allegedly far exceeded available physical gold. He described gold as "THE emerging global Tier-1 asset" as central banks and institutional investors reassessed its role in a leveraged, debt-heavy world economy.

Analysts Signal Strong Technical Reversal for Renegade

According to an exclusive June 17 analysis by Technical Analyst Clive Maund, Renegade Gold had shown signs of completing a prolonged basing process following a steep decline from nearly CA$28 in mid-2020. He noted that since late 2024, the company had experienced "a big buildup in volume signifying large-scale stock rotation that typically makes a bottom."

Maund highlighted that upside volume increased significantly throughout 2025, contributing to a steep rise in the Accumulation line, a technical indicator used to measure buying pressure. He added that "downside momentum [had] dropped out completely" and emphasized that the alignment of the 200-day moving average with current price levels suggested favorable technical conditions. Based on this setup and broader strength in the precious metals sector, Maund rated Renegade Gold as "an Immediate Strong Buy."

Positioned for Expansion: What's Next for Renegade

Renegade Gold Inc. is a growth-focused company engaged in the business of acquisition, exploration, and development of mineral properties located in the Red Lake Mining District of Northern Ontario. As part of its regional-scale consolidation strategy, the company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts.

The company's ownership in Red Lake covers over 89,600 hectares of prospective and diversified exploration properties with significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today. With a current market capitalization of CA$8.0 million and 53.2 million shares outstanding as of February 25, 2025, Renegade maintains a relatively tight capital structure as it advances its multi-asset portfolio in a competitive gold district. 

Ownership and Share Structure

According to Refinitiv, 18.86% of Renegade Gold is held by management and insiders. Of them, James Russell Nelles Starr holds 12.80%, R Dale Ginn owns 2.91%, and Navjit Dhaliwal owns 2.89%. 

Institutions hold 1.25%. That institution is U.S. Global Investors. The rest is retail.

Renegade Gold has 51.92 million outstanding shares, 42.13 million free float shares, and a market capitalization of CA$4.59 million. Renegade's 52-week range is CA$0.08 - CA$0.31.