Canadian Explorer in Nevada Has Bullish Charts & Transformative Transaction With Newmont

StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) is a Vancouver-based gold explorer taking transformational steps to build a concentrated portfolio in Nevada’s Walker Lane, which the Fraser Institute rates as the world’s premier gold jurisdiction.

With BlackRock, Inc. (BLK:NYSE) as a strong shareholder, the company’s most recent announcements mark a significant increase in scale and conviction.

On September 9, 2026, StrikePoint announced it had closed a CA$190 million bought-deal private placement of subscription receipts led by Canaccord Genuity, raising the capital to fund both its flagship acquisition and an aggressive exploration program.

Just weeks later, on October 6, 2026, the company completed its acquisition of the Northumberland Gold Project from Newmont Corp. (NEM:NYSE; NEM:ASX; NEM:PNGX) for US$70 million upfront, which the company suggests is a 4.43* Moz AuEq Carlin-type system that has sat dormant for roughly 15 years.  (*2.86 Moz AuEq Indicated, 1.57 Moz of AuEq Inferred, NR Oct 6,2026)

On October 8, StrikePoint resumed trading with approximately CA$90 million in working capital and five drill permits in place.

Most recently, on October 13, 2026, the company hired Keith Wood as Exploration Manager for Northumberland and appointed Stephen Quin as Strategic Advisor, deepening its Carlin-style technical bench and signaling the start of a full-scale execution phase.

StrikePoint is a company that has moved decisively from grassroots exploration into funded, near-term development.

Why Invest in Gold and Gold Stocks Now?

• Gold’s 2024-2025 surge was the strongest rally since 1979, driven by central-bank buying, geopolitical hedging, and retail inflows, and the structural drivers remain intact heading into 2027.
• Junior miners are trading at a significant discount to senior producers despite benefiting from the same gold-price tailwind, creating a relative-value opportunity.
• Record producer margins are fueling an active M&A environment, with cash-rich majors acquiring junior assets at premiums to what public markets currently price them at.
• Years of underinvestment in new mine development mean future supply growth is limited, supporting sustained elevated prices and premium valuations on existing resources.

Price Charts of Significance

Figure 1: Gold Weekly Chart

Technical Analysis & Observations:

• Gold is near both the important round number of US$4,000 and technical support at US$3,900.
• Stochastics is at the second-lowest point in the past three years.
• A buy zone for gold is a buy zone for gold stocks.

Figure 2: BPGDM Gold Stock Sentiment Index Chart

Technical Analysis & Observations:

• The BPGDM appears to be in the early stages of a structural uptrend channel.
• Stochastics and RSI (momentum oscillators) are both rising up from oversold positions and flashing crossover Buy signals.

Figure 3: StrikePoint Daily Chart

Technical Analysis & Observations:

• A breakout over the downtrend line likely ignites a new bull run.
• Volume is surging.
• The key 14,7,7 Stochastics lead line is oversold; bullish.

Figure 4: StrikePoint Weekly Chart

Technical Analysis & Observations:

• StrikePoint has broken out of a large bull wedge pattern, consolidated, and volume has surged ahead of and after the Newmont transaction.

Key Fundamental Catalysts for Shareholders

• Commencement of verification/exploration drilling at Northumberland (permits already in place).
• Maiden resource estimate for Hercules is targeted before the end of 2026.
• Metallurgical flowsheet development and feasibility study milestones at Northumberland.
• Environmental permitting progress on private and public land.
• Gold is trading in the US$4,000 area (with central banks buying), which boosts junior precious metals sentiment.

Competitive Positioning

• Defined Resource Vs. Exploration-Stage Peers: StrikePoint holds a 4.43 Moz AuEq MRE, skipping the grassroots phase, while it is facing peers in the area.
• Balance Sheet Advantage: The company’s ~CA$90M in working capital puts StrikePoint ahead of most Walker Lane juniors, reducing dilution risk.
• Institutional and Technical Credibility: The Newmont divestiture, institutional base, and new Carlin-specialist leadership (Wood, Quin) create a clear execution gap over smaller competitors.

Ownership and Share Structure¹

Funds and other institutions hold about 82% of StrikePoint. Tembo Capital Holdings IV Guernsey Ltd. owns 20.3 million shares, or about 19.9% of the company on a non-diluted basis.

Ithaki holds 13.7%, and BlackRock Advisors LLC, a unit of BlackRock, Inc.,  holds 10.2%. Other funds hold 38.5%. High-net-worth investors hold 10.6%, and shareholders from before the financing hold 7.1%.

StrikePoint has about 102.2 million shares outstanding after the 10-for-1 consolidation and the conversion of 95 million subscription receipts. It has about 10.3 million warrants and 0.5 million options outstanding. Of the warrants, 7.06 million were issued in connection with the financing. The balance predate the consolidation and carry exercise prices above CA$7.

The shares resumed trading on October 8 and were at CA$1.71 in late-morning trading, for a market capitalization of about CA$174.8 million.

The 52-week range on a consolidation-adjusted basis is about CA$1.18 to CA$2.80.

Investor Risks

• The company has no production revenue; value depends on converting targets into bankable resources.
• Junior explorers can be dilutive and liquidity-sensitive between milestone releases.
• Permitting, drill-permit transfers, and logistics timelines may extend the path to feasibility.
• Before taking action with any investment, investors should consult with properly licensed, experienced, and qualified investment advisors and get numerous opinions. Failure to do so increases risk.

Investment Thesis Summary

• Northumberland carries 4.43 Moz AuEq MRE (2.86 Moz indicated, 1.57 Moz inferred), which is a large defined resource that skips grassroots discovery risk.
• The asset was divested by a major (Newmont) after being dormant for about 15 years, giving StrikePoint a de-risked, near-surface, open-pit/heap-leach-style system.
• With ~CA$90 million post-closing cash funds, an aggressive drill-and-feasibility path is realistic, with no near-term dilution need.
• Hercules (1.01 Moz outlined) and Cuprite add optionality toward defining a maiden resource by the end of 2026.
• A strong institutional base (Tembo, Ithaki, BlackRock ) underpins the re-rating.

Conclusion

StrikePoint has repositioned itself from a grassroots explorer into a funded, multi-asset Nevada developer anchored by a defined 4.43 Moz AuEq resource at Northumberland.

With substantial cash, permits in hand, and a clear catalyst pipeline at both Northumberland and Hercules, the setup offers meaningful re-rating potential.

The primary task for shareholders is to monitor drill validation, feasibility progress, and key price charts that indicate the current transformational positioning is converting into durable value. 

Stock price at time of writing (October 23, 2026): CA$1.45

Key Resistance Zones for Investor Profit Booking

Short-Term: CA$4.00

Medium-Term: CA$10.00

Long-Term: CA$17.00

Technical Rating: Speculative Buy