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Applied Graphite ventures into gold with Bullfrog South acquisition

25th May 2026

By: Marleny Arnoldi

Online News Editor

     

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TSX-V-listed Applied Graphite Technologies Corporation has closed the acquisition of all the common shares of Bullfrog Gold Corporation, while also closing a non-brokered private placement of C$967 500.

Bullfrog Gold owns the South Bullfrog epithermal gold project comprising of 488 claims covering 10 050 acres in Beatty, Nevada.

Each existing shareholder of Bullfrog Gold will receive 1.5 common shares of Applied Graphite for each Bullfrog Gold share held.

In turn, the private placement, which comprised the placing of 9.6-million common shares at a price of C$0.10 apiece, will be used for exploration and development of Applied Graphite’s Queens Mine Complex and now South Bullfrog project.

Queens Mine Complex comprises a high-grade vein graphite project, in Sri Lanka.

Edited by Creamer Media Reporter

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