Gold Explorer Increases Funding to Assess District Scale Potential of Liberia Project

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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.
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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.

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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.

Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) announced an increase in its previously announced non-brokered private placement. In a June 9, 2026, Stockwatch article, the company cited strong investor demand as the driver behind increasing its aggregate gross proceeds from CA$4,025,000 to CA$5,000,000. The offering is expected to be completed by June 19, 2026, or possibly sooner, said the company. Zodiac plans to use proceeds to expand its drill program at the Todi Gold project, to advance exploration across its 2,316km² licenses, and for working capital purposes.

With the new increased offering, Zodiac will issue up to 14,285,714 units at CA$0.35 per unit. Each unit will contain 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 include an acceleration feature: if, after four months following the issuance of the Warrants, the 30-day volume weighted average share price exceeds CA$0.65, the company shall provide notice accelerating the expiry date. Upon receipt of such notice, holders will have 30 days to exercise their Warrants, after which any unexercised warrants will expire at 4:00 p.m. (Vancouver time) on the specified date."

A certain amount of Insider participation is expected.

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.

Bullish Gold Recovering from Temporary Low

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. A strong U.S. dollar, a good employment report, and the 10-year Treasury yield holding strong have also created bad news for spot gold prices.

The gold market opened on June 11, 2026, trading at US$4,063.50 an ounce, down 0.19%, after taking a tumble over the past week.

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 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.

Analyst Cites "Significant Potential"

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." 

Drill Program Advancing

The company's 2026 exploration strategy includes 3,600m of trenching and 14,000m of diamond drilling, which is being completed on 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 Estimate (MRE).

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$50.97 million, with 164.42 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.