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While Majors Ride Momentum, Smaller Gold Stocks Are Building Something Bigger

In late 2024, Lake Victoria Gold entered into a preliminary agreement with Monetary Metals to receive upfront funding by offering a discounted share of its future gold output from Tanzanian projects.
The agreement provides non-dilutive funding in exchange for a discounted portion of future gold production, aligning repayment with the project’s output.
The company is progressing with its Tembo Project near Barrick’s Bulyanhulu mine, conducting plant evaluations, assessing potential partnerships, and recently securing a C$3.52 million investment tranche.
Marc Cernovitch emphasized that involving Nesch Mintech at this point adds an independent and transparent evaluation to the commissioning phase, which is crucial for properly assessing the Nyati project.
Lake Victoria Gold’s efforts reflect a practical, near-term development approach supported by a growing financial toolkit and milestone agreements tied to exploration success at Tembo.

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