Patagonia Gold Corp. is pleased to announce that, further to its news releases dated March 14, 2025, April 14, 2025 and May 20, 2025, it has completed the US$40 million investment by Black River Mine Inc. in the Company's subsidiary, Patagonia Gold Canada Inc. . In connection with the Calcatreu Financing, PG Canada issued an aggregate of 40 million preferred shares at a price of US$1.00 per share. The Preferred Shares
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