Lannister
Mining
NYSE American DRIL Investor Kit
Aerial view of Basin Gulch
Home / Investors
NYSE American: DRIL

Investor information

Share structure, use of proceeds and regulatory filings for Lannister Mining Corp.

Investors

Capital structure

A tight share structure with meaningful management ownership, listed on the NYSE American under the symbol DRIL.

DRIL
NYSE American
100%
Asset ownership
2%
Royalty / NSR

Share structure

RoundSharesLock-up / escrow
Founders1,638,125Standard 3-year lock-up / escrow
Seed (C$1.60)2,946,56125% per quarter from day 1
Pre-IPO (C$4.00)462,5004 months from trade date
Issued & outstanding pre-IPO5,047,204
IPO (US$15M at $5.00)~3,000,0006-month lock-up
Total issued & outstanding8,047,204

~20% management & insiders
~80% retail brokers, funds and other

Per the June 2026 corporate presentation. Share counts are post-split.

Use of IPO proceeds

ActivityUS$M
Drilling, about 40 infill and twin holes, plus current working capital deficit8.04
Administration and overhead2.58
Metallurgy, including preliminary bench-scale tests1.03
Maiden NI 43-101 resource report0.51
General working capital0.48
Mapping, prospecting and structural interpretation0.26
Total net proceeds (without over-allotment)12.90
FAQ

Lannister Mining and Basin Gulch: key questions

Short answers to the questions investors ask most about Lannister Mining Corp. (NYSE American: DRIL) and the Basin Gulch Project.

What is Lannister Mining’s ticker symbol?

Lannister Mining Corp. is listed on the NYSE American under the symbol DRIL.

What is the Basin Gulch Project?

Basin Gulch is a consolidated, near-surface, primarily oxide gold-silver project in western Montana. Lannister Mining owns 100% of it, subject to a 2% NSR royalty. The property covers 1,107 hectares across 11 patented and 131 unpatented claims, and most of it sits on patented land.

Where is Basin Gulch located?

Basin Gulch lies in the historic Philipsburg Mining District of western Montana, near the town of Philipsburg and about an hour’s drive from Butte. Paved and well-maintained gravel roads give year-round access, with power and water available.

How much drilling has been done at Basin Gulch?

More than 320 historical drill holes totalling about 48,000 metres (157,480 ft), plus 46 trenches totalling 4,570 metres. The work was completed by Cable Mountain Mine Inc., Chevron Resources and Cyprus Exploration between 1987 and 1997. Data was compiled by Apex Geosciences.

Does Basin Gulch have a mineral resource?

Not a current one. Historical drilling supports a historical, unconstrained estimate of 2.8 million ounces gold equivalent at 0.89 g/t, completed before SK1300 and NI 43-101. A qualified person has not done sufficient work to classify it as a current mineral resource, and Lannister is not treating it as one. Lannister plans about 40 infill and twin holes to verify the historical data and support a maiden NI 43-101 / SK1300 resource.

Who leads Lannister Mining?

Jim Greig is CEO and a Director. He is a founder and President of Benchmark Metals and has 25 years of experience advancing projects toward production. Kelvin Lee is Chief Financial Officer and former CFO of Freeman Gold Corp. The Board also includes Will Randall, Victor Cantore, Mario Vetro (co-founder of K92 Mining), Jo Anne Price and A. Max Zaretsky.

How will Lannister use its IPO proceeds?

Of US$12.90 million in total net proceeds (without over-allotment), US$8.04 million is allocated to drilling about 40 infill and twin holes plus the current working capital deficit. The rest is for administration (US$2.58M), metallurgy including bench-scale tests (US$1.03M), the maiden NI 43-101 resource report (US$0.51M), general working capital (US$0.48M) and mapping and prospecting (US$0.26M).

How do I contact Lannister Mining investor relations?

Email IR@lannistermining.com or call 604 687-7130. Lannister’s head office is at 1500 – 1055 West Georgia Street, Vancouver, BC V6E 4N7, Canada.

Historical estimates and exploration targets are subject to the cautionary statements and forward-looking statements.

Investor news

Subscribe to Lannister Mining’s Investor News

Receive news releases, corporate updates, investor webinar registrations, and updates on company events.

What to expect: If you wish to withdraw your consent and stop hearing from us, simply click the unsubscribe link at the bottom of every email we send or contact us at IR@lannistermining.com. We value and respect your personal data and privacy. View our privacy policy. By submitting this form, you agree that we may process your information in accordance with these terms.