Gold Co. Uncovers High-Grade Gold in Brazil, Issues Shares in Bought Deal

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) announced it is issuing new shares in a bought deal, with Stifel Canada as the underwriter. The two companies have agreed on 21,055,000 shares at CA$0.95 each, with an expected gross proceeds of CA$20,002,250. A further agreement gives the underwriters an overallotment option, allowing the purchase of 15% (3,158,250) of common shares. Stifel can purchase these shares in any quantity up to the maximum within the first 30 days of the deal closing, and a full purchase would add around CA$3 million to the deal.

Alan Carter, Cabral's President and CEO, said on March 25, 2026, "Following recent positive drill results from the Jerimum Cima target, including 9.5 m at 87.4 g/t gold, the company has elected to expand its exploration drill program within the Cuiu Cuiu district. This bought deal financing will allow us to add more drill rigs to the current exploration program and drill the Jerimum Cima discovery, as well as several other gold discoveries within the district. The objective of the drill program will be to accelerate the growth of the indicated and inferred resources within the district, particularly in the primary hard rock material, which is expected to be the basis of the phase 2 development at Cuiu Cuiu. The phase 1 gold-in-oxide project remains on schedule and on budget with commercial gold production expected in Q4 2026."

Three main gold deposits have been identified at the company's Cuiu Cuiu Project in Brazil, which is located in the Tapajos gold province. Traditionally, this spot has produced up to two 2Moz of gold placer. As of March 2026, Cabral Gold has completed 54% of its Phase 1 gold-in-oxide heap leach construction project.

Cabral Gold Inc. is a Canadian junior exploration mining company that focuses on projects in Brazil's Tapajos region.

Gold Wobbles Amid Inflation Fears

Gold went up a little on Tuesday when President Trump expressed potential willingness to pull out of the U.S.-Iran War, giving investors hope for more stable interest rates.

According to a March 31, 2026, article by Catherine Brock for Yahoo Finance, "Gold June futures opened at US$4,538.90 per troy ounce on Tuesday, 0.4% lower than Monday's closing price of US$4,557.50. The gold price rose in early trading."

At the same time, Trump has expressed a desire to simply 'take the oil in Iran' due to the ongoing closure of the Strait of Hormuz. Uncertainty like this has steered some investors to buy solid commodities, like gold.

On March 30, 2026, Jim Wyckoff wrote for Kitco: "Gold and silver prices are higher in early U.S. trading today, as traders and investors stepped up their safe-haven buying as the war in the Middle East is still running hot. Down-ticks in global government bond prices and higher crude oil prices today are also supportive for the two precious metals markets."

Despite the recent downturn in the gold market, many investors are looking to the future. Matthew Piepenburg said for Von Greyetz Gold on March 31, 2026, that ". . . what may appear to be a weakness today could, in reality, represent a rare and strategic entry point for those who understand physical gold's role as a long-term store of value.

Fresh Capital and Multiple Catalysts

For The Gold Advisor, Senior Analyst Jeff Valks commented on the company's bought deal on March 25: "We like this move because treasury just got stronger ahead of a larger drilling push. Management also noted the underwriting syndicate committed to purchasing the full offering upfront — providing certainty of funds and speed to closing. The placement came at roughly a 7% discount to market, with no warrants attached, which keeps dilution cleaner than many junior financings."

Many investors fear dilution, but Valks argued that, "This is obviously not 'keep-the-lights-on' dilution. That's 'accelerate-the-district' dilution."

Valks reiterated his previous "Buy" rating for Cabral Gold, noting that the company has fresh capital and multiple catalysts lined up.

Catalysts

In its investor presentation, the company released resource estimates for Cuiu Cuiu: Primary Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) + oxide res 13.56Mt @ 0.50 g/t gold (216,182oz) and Primary Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) and oxide res. 6.40Mt @ 0.34 g/t gold (70,569oz).

Cabral Gold expects first production from the gold-in-oxide starter project in Q4 2026 and is nearly finished building a mining camp for 140 workers at its Cuiu Cuiu Project. The company also got results from drilling its Jerimum Cima Project, with 9.5m @ 87.4 g/t gold, and is drilling three other properties as exploration.

Ownership & Share Structure¹

Cabral Gold Inc. has a market cap of CA$253.23 million, with 278.27 million shares outstanding. The company's 52-week range is CA$0.28-CA$1.29.

Institutions own 13.71% of the company's stock, while Management & Insiders own 6.35%. The remaining 79.94% of shares are Retail.