08:55 AM EDT, 03/13/2026 (MT Newswires) -- Athena Gold ( AHNRF ) said Friday that it has completed the acquisition of the Forester gold project in Ontario from private company Last Bounty Gold.

As consideration, Athena issued 42 million shares priced at C$0.08 apiece, representing a 12% stake in the company on a non-diluted basis.

The Forester project is located along-trend of Orla Mining's (Orla.To) Musselwhite mine, according to Athena.

"Forester's favorable geology suggests strong potential for a near-surface, bulk-tonnage, orogenic gold system -- the kind of deposit that was largely dismissed until modern economics proved otherwise," Chief Executive Officer Koby Kushner said.