Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has appointed Billy Choi as its new chief financial officer, with Choi expected to assume full CFO responsibilities in October 2026 following a transition period. The move signals a deliberate effort to strengthen the company's financial leadership as it moves a past-producing gold and silver project back toward operation.
Choi arrives with a background directly relevant to Lahontan's stage of development. He most recently served as vice president of finance at Lithium Royalty Corp., where he was involved in its initial public offering, public-company reporting, financial controls, and the company's subsequent acquisition by Altius Minerals. That experience covers the full cycle of going public, operating as a reporting issuer, and completing a significant M&A transaction — all capabilities that matter for a junior miner advancing a project through permitting and toward a production decision.
Lahontan's flagship asset is the Santa Fe Mine project in Nevada's Walker Lane, a 26.4 square kilometer property that produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing. The company plans to advance the project toward production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025, with a target to restart production in 2027.
The appointment carries weight because mining development is capital-intensive, and the CFO role is central to securing and managing the funding needed for permitting, engineering, and construction. A CFO with IPO and public-company reporting experience can help Lahontan navigate regulatory requirements and communicate effectively with investors as milestones are met. The timing — ahead of a production target just over two years away — suggests the company is positioning its finance function for the heavier demands of a construction and operating phase.
For investors, the hire may be read as a signal that Lahontan is serious about executing on its timeline. Bringing in a CFO from a company that went public and was later acquired adds credibility to management's ability to manage growth and potentially pursue strategic opportunities. The market will watch whether the strengthened financial team translates into smoother permitting progress and a credible path to restarting the Santa Fe Mine. The company's technical disclosure is reviewed and approved by Michael Lindholm, CPG, an independent consulting geologist and Qualified Person under National Instrument 43-101. The full press release is available at https://nnw.fm/BUdJ8. More information about Lahontan Gold can be found at www.lahontangoldcorp.com. Updates relating to LGCXF are also available in the company's newsroom at http://nnw.fm/LGCXF.
