Athena Gold is a junior mineral exploration company with no production revenue, focused on acquiring and exploring early-stage gold properties. Athena's portfolio includes three projects: Excelsior Springs in Nevada, and Laird Lake and Oneman Lake in Ontario, Canada. Athena's business model centers on acquiring mineral rights at low upfront cost, conducting early-stage exploration (geological surveys, sampling, and drilling), and either farming out projects to larger partners or advancing properties toward a resource estimate to attract joint venture interest or an outright sale. The company funds itself through equity issuances, with exploration spending as the primary cash outflow. The Excelsior Springs project in Nevada's Walker Lane Trend was optioned in 2025 to Mammoth Minerals, which can earn an 80% interest by spending at least $5M on exploration over five years; Athena retains a 20% free-carried interest and a 1% net smelter return royalty. Laird Lake, covering roughly 4,158 hectares in the Red Lake Greenstone Belt in Ontario, is Athena's most active near-term focus, with a maiden drill program of roughly 5,000 meters planned for H1 2026. Oneman Lake is a smaller, earlier-stage gold-zinc-copper property near Kenora, Ontario. Athena has no established mineral reserves on any of its properties. In 2025, the company redomesticated from Delaware to British Columbia and listed on the Canadian Securities Exchange to better access Canadian junior mining capital markets.