Not only are gold and silver continuing to rise at the end of the year, but the cash reserves of Canadian gold explorer Goliath Resources (TSXV GOT / Germany: B4IF) are also continuing to grow. After the company, founded and led by CEO Roger Rosmus, recently announced that mining legend Rob McEwen had now exercised all of his Goliath warrants, it has now been announced that other strategic investors, including Crescat Capital, have followed suit and converted all their remaining warrants into Goliath shares.
In total, Goliath has received CAD 1,730,882 million from the exercise of warrants in recent weeks, and only 2,590,673 warrants at CAD 2.50 remain outstanding, which expire on March 10 – and these are all held by a strategic investor. In addition, there are only 841,777 so-called finder warrants with an average exercise price of CAD 2.59, which expire in 2027.
Crescat is a multidisciplinary hedge fund company based in Denver, Colorado. Its mission is to grow and protect wealth across economic cycles through the use of tactical and strategic investment strategies. The company’s investment process combines proprietary value-oriented equity and macro models with experienced industry advisors. Crescat has built activist holdings in a portfolio of companies that mine precious and critical metals, one of the most compelling long-term investment themes. Crescat’s funds include precious metals, institutional commodities, long/short, global macro, and institutional macro.
Crescat is highly enthusiastic about Goliath Resources
Kevin C. Smith, CFA, founder and CEO of Crescat Capital, is extremely confident about the future of Goliath: ” Go, Roger and team. What an awesome and expansive gold layer cake you have uncovered! We are so happy to have been cornerstone investors since 2020. This new discovery has only continued to get bigger and better with more drilling, and it’s still open. Now, there’s a solid new hypothesis for even more growth, a potential gold-bearing magmatic causative intrusive source nearby. We have built a strong faith in Goliath’s management and geologic team; we are very excited to see a lot more to come.”
The Goliath CEO, in turn, emphasizes that Crescat Capital was one of Goliath’s first strategic anchor investors and that the company greatly appreciates its ongoing support, as it does that of all strategic shareholders. Rosmus views this support as confirmation of the high quality of Goliath’s high-grade Surebet discovery in British Columbia’s Golden Triangle.
