Buzbuzian Capital Corp. Announces $300,000 Strategic Investment into Getchell Gold Corp.

Getchell secures $300,000 investment; Fondaway Canyon PEA claims US$1B NPV, but risks remain.

What the company is saying

Getchell Gold Corp. is highlighting a $300,000 strategic investment from Buzbuzian Capital Corp., structured as 1,000,000 units each with one share and one-half warrant. The warrants are exercisable at $0.35 per share for 24 months. The company frames this investment as a vote of confidence in its flagship Fondaway Canyon project in Nevada, emphasizing a Preliminary Economic Assessment that claims a US$1 billion pre-tax NPV for an open-pit operation. Richard Buzbuzian, CEO of Buzbuzian Capital Corp., is directly quoted, describing the investment as well-timed and positioning Fondaway Canyon as a top-10 Nevada gold project with projected annual production of 150,000 ounces over 10 years. The announcement underscores the scale of the resource—999,000 indicated ounces at 1.40 g/t and 1.812 million inferred ounces at 1.24 g/t—and asserts significant expansion potential. The company is transparent about the preliminary nature of the PEA and the speculative status of the resources, stating explicitly that Mineral Resources are not Reserves and economic viability is unproven.

What the data suggests

The investment totals $300,000 for 1,000,000 units, each with one share and half a warrant, with warrants exercisable at $0.35 for 24 months. The Fondaway Canyon project's PEA claims a US$1 billion pre-tax NPV, with projected average production of 150,000 ounces of gold per year over a 10-year mine life. The Mineral Resource Estimate includes 999,000 indicated ounces at 1.40 g/t and 1.812 million inferred ounces at 1.24 g/t, with the resource described as open for potential expansion. All economic projections are based on a PEA, which is explicitly stated to be preliminary and not indicative of proven economic viability. The resource estimate is substantial for a junior, but no reserves are declared and no construction or production has commenced. The announcement provides no period-over-period financials, cash flow, or operational cost data. The disclosed facts support the scale and ambition of the project but do not demonstrate near-term value or derisking beyond the PEA stage.

Analysis

The announcement is positive in tone, highlighting a $300,000 strategic investment motivated by the robust PEA for the Fondaway Canyon project. While the investment transaction is a realised fact, the majority of the value claims (US$1 billion pre-tax NPV, 150,000 oz/year production, 10-year mine life) are forward-looking and based on a Preliminary Economic Assessment, which is explicitly stated as preliminary and not indicative of economic viability. The resource estimate is specific, but the language around 'significant potential for expansion' is unquantified. The company is at an exploration/development stage, so the absence of revenue or profit metrics is not a deficiency, but the benefits described are long-term and highly contingent on future milestones. The hype level is moderate due to the promotional framing of the PEA and resource potential, despite appropriate regulatory disclaimers. There is no evidence of a large capital outlay by the company itself in this announcement; the $300,000 investment is modest relative to the scale of the project.

Risk flags

• ●The PEA is preliminary and includes both indicated and inferred resources, which are too speculative geologically to be considered reserves or to have economic considerations applied. This means there is no certainty that the projected US$1 billion NPV or production profile will be realized.
• ●The investment amount of $300,000 is modest relative to the capital required to advance a project of this scale, suggesting that significant additional funding and technical milestones are needed before any value can be realized.
• ●The resource estimate, while large, is not supported by reserves or a feasibility study, and the project remains at an early stage with no disclosed permitting, construction, or production timeline, exposing investors to substantial execution and development risk.

Bottom line

This announcement signals outside investor interest in Getchell Gold Corp., with Buzbuzian Capital Corp. committing $300,000 for equity and warrants, motivated by the scale of the Fondaway Canyon project. The PEA headline figures—US$1 billion pre-tax NPV and 150,000 ounces per year production—are impressive but remain speculative, as the project is still at the resource and economic assessment stage with no reserves or construction start. The disclosed resource is substantial, but the absence of feasibility, permitting, or financing milestones means value realization is likely years away and highly uncertain. The modest investment size relative to the project's capital needs highlights the early-stage nature and risk profile. Investors should focus on whether Getchell can advance Fondaway Canyon toward reserve status and secure the much larger funding required for development. The key takeaway is that while the project's scale is notable, all value claims are contingent on future technical and financial derisking.

Announcement summary

(CSE:GTCH) (OTCQB:GGLDF) (FSE:GGA1) Getchell Gold Corp. has received a strategic investment from Buzbuzian Capital Corp. totaling $300,000 for the acquisition of 1,000,000 units. Each unit consists of one common share of Getchell and one-half of a common share purchase warrant. Each whole warrant entitles Buzbuzian Capital Corp. to purchase one additional Getchell share at a price of $0.35 per share for a period of 24 months following the closing date. The investment is motivated by Getchell's flagship Nevada asset, the Fondaway Canyon project. The Fondaway Canyon project features a robust Preliminary Economic Assessment (PEA) with a US$1 billion pre-tax net present value (NPV) for an open-pit mining operation. Richard Buzbuzian, CEO of Buzbuzian Capital Corp., stated that the investment is well-timed due to the strength of the gold market and the robust PEA for Fondaway Canyon. The PEA outlines a projected average production of 150,000 ounces of gold per year over an estimated 10-year mine life. The Mineral Resource Estimate for Fondaway Canyon comprises 999,000 indicated ounces of gold at 1.40 g/t and 1.812 million inferred ounces of gold at 1.24 g/t. The resource remains open with significant potential for expansion. It is noted that Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. The PEA is preliminary in nature and includes Inferred and Indicated Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that PEA results will be realized. The scientific and technical information regarding Getchell and the Fondaway Canyon project is taken from Getchell's public disclosure, including news releases dated September 3, 2026 and September 28, 2026, available under Getchell's profile on SEDAR+. Buzbuzian Capital Corp. has acquired these shares and warrants for investment purposes and may adjust its position in Getchell based on market conditions or future events.

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