Zodiac Gold Inc. Expands Financing to Fuel Todi Project Growth Amid Gold Market Strength

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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.

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.

Retail investors are closely watching the gold sector as prices hold steady near record levels despite recent geopolitical developments.

With spot gold trading around US$4,334.10 an ounce following a temporary ceasefire, attention is turning to exploration companies positioned to benefit from sustained demand and central bank buying.

Why Zodiac Gold Stands Out in the Current Market

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. On June 17, 2026, Zodiac announced an even further upgrade to CA$5,600,000. The offering is expected to be completed by June 19, 2026, 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.

This financing boost highlights retail and institutional confidence in Zodiac's strategy. A certain amount of Insider participation is expected, aligning management interests with shareholders.

Liberia's Stable Mining Environment Supports Long-Term Growth

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. This jurisdiction offers a clear advantage for efficient project advancement compared to more challenging regions.

Expanded Drill Program Targets High-Potential Areas

The company's 2026 exploration strategy includes 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.

Gold Sector Trends Favor Exploration Companies

The metals sector has been on a rollercoaster of ups and downs since the beginning of the U.S.-Iran War. Gold, silver, and other precious metals have been rising on the tides of good news and falling on the tides of bad news. Still, peace talks between the U.S. and Iran are currently going smoothly, with a temporary ceasefire announced on June 14, 2026. Early June 17, 2026, spot gold was trading near US$4,334.10 an ounce, up 0.06%.

Gold surged to a record high earlier in the year, hitting a high of over 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 Perspective Highlights Project 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."

Share Structure and Market Positioning

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.

²Management & Insiders own 33% of shares, while Institutions own 9%. The remaining 58% of shares are held by Retail. This balanced ownership supports aligned interests as the company advances its exploration milestones.

Investors seeking exposure to West African gold exploration may find Zodiac's combination of increased funding, active drilling, and favorable jurisdiction timing worth monitoring closely.