Revival Gold Business Summary

Revival Gold Inc. (RVLGF) is a pure-play gold development company focused on advancing high-quality, brownfield assets in the western United States. The company’s business model centers on the exploration and de-risking of past-producing mines to generate value through resource expansion and eventual production or acquisition. Its primary business segments are the Beartrack-Arnett Gold Project in Idaho, currently the state's largest past-producing gold mine at the Pre-Feasibility Study (PFS) stage, and the Mercur Gold Project in Utah, which reached the Preliminary Economic Assessment (PEA) stage in late 2025 following the 2024 acquisition of Ensign Minerals. As of February 2026, the company maintains a combined resource base of approximately 6 million ounces of gold and is positioned as a high-leverage developer trading at a significant discount to its net asset value (NAV). Direct competitors include Banyan Gold Corp., NeXGold Mining Corp., and KORE Mining Ltd.; Revival Gold distinguishes itself through its focus on low-CAPEX heap leach restarts in Tier-1 jurisdictions and its substantial institutional backing. Leadership is spearheaded by Founder, President, and CEO Hugh Agro, a mining industry veteran who previously served as Executive VP of Strategic Development at Kinross Gold and held senior roles at Placer Dome and Deutsche Bank. The executive team includes VP and CFO Lisa Ross, formerly of Kirkland Lake Gold, and VP of Engineering & Development John Meyer, who brings over 30 years of experience from Barrick Gold and Kinross Gold. Technical exploration is led by Chief Geologist Dan Pace, while Scott Trebilcock serves as VP of Corporate Development. The Board of Directors is chaired by Wayne Hubert and includes notable industry figures such as Lawrence Radford (former CEO of Argonaut Gold) and Norm Pitcher (former President of Eldorado Gold). The company is supported by strategic institutional investors, most notably EMR Capital, which holds an 11.77% stake, and Dundee Corporation, both of which provided significant capital injections in 2025 to accelerate project permitting and drilling.