Athena Gold Corporation Announces Share Consolidation

Athena Gold Corporation has unveiled its plan for a share consolidation, converting every 9.9 common shares into one. This move, approved by the Board of Directors, requires no shareholder vote and aims to tighten the share structure. The consolidation, pending approval from the Canadian Securities Exchange, will take effect on April 2, 2026. Post-consolidation, Athena will have approximately 35.8 million shares, down from 354.6 million. The decision aligns with Athena's strategy to enhance its market position prior to its maiden drill program at the Laird Lake project.

No changes to the company’s name or trading symbol will occur. Existing share certificates will be replaced, and adjustments will also apply to options and warrants. This consolidation aims to increase investor appeal and streamline operations in anticipation of potential discoveries in Red Lake Gold District.