IPO - Lannister Mining Corp.

Form Type: F-1/A

Filing Date: 2025-06-10

Corporate Action: Ipo

Type: New

Accession Number: 000121390025053154

Filing Summary: Lannister Mining Corp. is conducting its initial public offering (IPO) for up to 2,000,000 common shares with an anticipated price range of US$4 to US$6 per share, expected to be listed on NYSE American under the symbol 'DRIL'. The offering is part of a strategic plan to highlight its Basin Gulch Project, located in Montana, which is under exploration. The company focuses on developing gold and silver resources and operates as an 'emerging growth company', adhering to reduced reporting requirements. The prospectus outlines various risks associated with the investment, including the non-existence of a public market for the shares prior to this offering. Financial projections indicate a net loss for the fiscal years 2024 and 2023, reflecting a lack of principal revenue until at least the fourth quarter of 2026. Notably, the prospectus emphasizes the strategic significance of gold in a fluctuating global market and suggests that rising geopolitical tensions could further drive demand for precious metals. The exploration activities aim to validate historic data, with plans for drilling to establish a maiden resource estimate in 2025, which will support a Preliminary Economic Assessment (PEA) for potential production.

Form Type: F-1/A

Filing Date: 2025-05-02

Corporate Action: Ipo

Type: New

Accession Number: 000121390025039123

Filing Summary: Lannister Mining Corp. filed an amendment to its Form F-1 for its initial public offering (IPO) with the U.S. Securities and Exchange Commission on May 2, 2025. The company plans to offer 2,000,000 common shares with an anticipated price range between US$4 and US$6 per share. The offering aims to raise up to $10,000,000. Lannister Mining is focused on the exploration and development of the Basin Gulch Project in Montana, which includes both patented and unpatented mining claims totaling approximately 2,858 acres. The company does not project any revenue generation before the fourth quarter of 2026. It has incurred net losses of approximately $889,111 and $879,041 for the fiscal years ending September 30, 2024, and 2023, respectively. Key risks associated with the investment include the exploratory nature of its operations and a lack of existing revenue. The company is classified as an 'emerging growth company' and plans to list its shares on the NYSE American under the ticker symbol “DRIL”. The filing also discloses various financial obligations connected to the acquisition of property, including significant royalties and future payments to property vendors, contingent upon the company's listing on a national stock exchange.