09:02 AM EDT, 07/31/2026 (MT Newswires) -- Lake Victoria Gold ( LVGLF ) said Friday that its wholly owned Tanzanian subsidiary, Tembo Gold (T) Ltd., will begin the Phase 3 land valuation and compensation program at the fully permitted Imwelo Gold Project in Tanzania on Aug. 1, advancing the project toward development.

Phase 3 follows the successful completion of Phase 1, covering 268 acres in 2019, and Phase 2, covering 185 acres in 2023, it said. The company said the programme is expected to involve about 60 "Project Affected Persons" within Imwelo A Hamlet, Imwelo Village.

Shares of the company were last seen unchanged at C$0.275 on the TSX Venture Exchange.