Gold Explorer Advances Massive Todi Project With CA$4M Private Placement

1. Zodiac Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. 
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Zodiac Gold Inc.
3. Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
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1. Disclosure for the quote from the Stewart Thomson article published on May 20, 2026

1. For the quoted article (May 20, 2026), Zodiac Gold Inc. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts.  The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

For additional disclosures, please click here.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

On June 4, 2026, Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) announced an offering of units of the company on a non-brokered private placement basis for aggregate proceeds of up to CA$4,025,000, which is being led by insiders and existing shareholders. The offering is expected to be completed in around 45 days, or possibly sooner, said the company. Zodiac plans to use proceeds to expand its drill program at the Todi Gold project.  

Zodiac will issue up to 11,500,000 units at a price of CA$0.35 each, which will consist of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share for up to 2 years from the date of issuance at the price of CA$0.54 per share.

The release explained: "The warrants will be subject to an accelerated expiry provision such that if, during a period of 30 consecutive trading days between the date that is four months following the issuance of the warrant and the expiry of the warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (or such other stock exchange where the majority of the trading volume occurs) exceeds CA$0.65, the company may, within 30 days of such an occurrence, give written notice to the holders of the warrants that the warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the warrants will have 30 days to exercise their warrants. Any warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time."

The release went on to say: "It is expected that certain directors and officers of the company may participate in the offering. The participation of Insiders in the offering will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities to be acquired by the participating Insiders nor the consideration to be paid by such directors and officers is anticipated to exceed 25% of the company’s market capitalization."

This offering remains subject to the approval of the TSXV.

Zodiac Gold Inc. is a West-African gold exploration company focused on the Todi Gold Project in Liberia. The company asserts that Liberia is a politically stable, mining-friendly country with an expedited permitting process and strong political and social support for mining companies.

Gold Resilient Despite War

Gold remains a safe haven asset but is still vulnerable to fears of inflation and geopolitical uncertainties, as has been evidenced by the ongoing war between the U.S. and Iran. A May 29 article by Investing.com discussed how these tensions are affecting the metals markets, saying, "In the current environment, investors are increasingly worried that higher oil and energy costs linked to the Middle East crisis could fuel broader inflation pressures, forcing the Federal Reserve to maintain restrictive monetary policy." Often immune to stock fluctuations due to its critical usage needs, renewed suspicion of U.S. tariffs on China's copper exports has also caused the rates to drop.

However, the market opened strong on June 4, 2026, up 1.63% at US$4,505.90, due to a new ceasefire announcement between Iran and Lebanon.

Gold surged to a record high earlier in the year, hitting a high of US$5,000 per ounce in January, and many expect the rally to resume once international conflict cools down. In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."

Despite the volatility of gold, the metals sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.

Technical Analyst Anticipates Next Assays

¹On May 20, 2026, technical analyst Stewart Thomson gave Zodiac a "Speculative Buy" rating, with a short-term price target of CA$0.45, a medium-term price target of CA$0.75, and a long-term technical price target of CA$1.00.

Thomson noted that ". . . early results appear to highlight significant potential for the project."

2026 Results to Pour In

So far, 3,600m of trenching and 14,000m of diamond drilling is being completed as part of the Zodiac's 2026 exploration strategy targeting the 16km Monterra Trend from the Arthington discovery to Youth Camp. In addition, a drone-based magnetic and LiDAR survey is underway to further refine drill targeting and support a planned Mineral Resource Estimation (MRE) for late Q4 2026.

In H2 2026, the company will also follow up on the current soil geochemical program (10,500 samples) in its Bomi South and Bong West licenses, with potential for mapping, trenching, and drilling as warranted. 

Ownership & Share Information²

Zodiac Gold Inc. has a market cap of CA$57.34 million, with 163.82 million shares outstanding. The company's 52-week range is CA$0.05-CA$0.44.

Management & Insiders own 33% of shares, while Institutions own 9%. The remaining 58% of shares are held by Retail.