Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced the appointment of Billy Choi as its new chief financial officer, with Choi expected to assume full CFO responsibilities in October 2026 following a transition period. The hire brings a seasoned finance executive to the company as it advances permitting for its flagship Santa Fe Mine and aims to restart production in 2027. Choi most recently served as vice president of finance at Lithium Royalty Corp., where he played a key role in its initial public offering, public-company reporting, financial controls, and the company’s subsequent acquisition by Altius Minerals. His experience in both public markets and M&A will be critical as Lahontan transitions from exploration and development toward production.
The timing of the appointment underscores the significance of the company’s next phase. Lahontan is focused on permitting the Santa Fe Mine, a past-producing asset that yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing. The project hosts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag). These resources are pit constrained, and the company plans to update the Santa Fe Preliminary Economic Assessment and drill test its satellite West Santa Fe project during 2025.
For investors, Choi’s appointment signals a commitment to rigorous financial management as Lahontan moves through the permitting process and toward a production decision. His background in public-company reporting and financial controls will be essential for maintaining compliance and transparency, particularly as the company updates its technical reports and engages with regulators. The transition period, with Choi taking on full responsibilities in October 2026, allows for a smooth handover and ensures continuity in financial strategy. The full press release can be viewed at https://nnw.fm/BUdJ8. For more information, visit the company’s website at www.lahontangoldcorp.com. The latest news and updates relating to LGCXF are available in the company’s newsroom at http://nnw.fm/LGCXF.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada. The company’s flagship property, the 26.4 km2 Santa Fe Mine project, is the centerpiece of its strategy. With a clear path toward production and a strengthened financial team, Lahontan is positioning itself to capitalize on Nevada’s prolific mining jurisdiction. The appointment of Billy Choi as CFO is a key step in building the internal capabilities needed to transition from a developer to a producer, which could unlock significant value for shareholders if the Santa Fe Mine restart proceeds as planned.
