ATHENA GOLD CORP: insider trades · United States · SEC (Form 4)

About ATHENA GOLD CORP

Athena Gold Corp is a U.S.-listed junior mineral exploration company with a market presence associated with OTC trading under AHNRF and SEC insider-filing activity linked to the AHNR issuer code. The company’s business model is straightforward: acquire, advance, and explore mineral properties, with a primary focus on gold. It is an early-stage explorer rather than a producer, and it currently states that its properties do not have reserves. For investors, that means the core investment case depends on exploration success, geological upside, and access to capital rather than current operating cash flow. Athena was incorporated in Delaware on December 23, 2003, and later re-domesticated to British Columbia in March 2025 through its subsidiary Nova Athena Gold Corp. Its operational address is in White Rock, British Columbia, while the company remains a United States entity from a legal-history perspective. The company’s investor materials and website describe it as a junior exploration company focused on finding high-grade gold in North America’s prolific mining camps. That framing matters: Athena is not trying to be a diversified miner, but a targeted discovery platform. The company’s asset base is centered on two main projects. Laird Lake, located in Ontario’s Red Lake Gold Camp, is positioned as the flagship asset. Athena highlights the district’s strong mining history, road and power access, and proximity to an operating mill. It has also cited high-grade surface grab samples and, more recently, an ongoing maiden drilling campaign. The second key asset is Excelsior Springs in Nevada’s Walker Lane trend, where Athena holds a large claim package. These two projects place the company in well-known North American gold jurisdictions, which is a positive from a technical and infrastructure standpoint, but still leaves substantial exploration risk. From a competitive standpoint, Athena sits in the crowded universe of North American gold juniors. Its differentiation is based on project location, early technical indicators, and the ability of management to progress targets efficiently. The board and management team includes Koby Kushner as President, CEO and Director; Ty Minnick as CFO; Ben Kuzmich as VP Exploration; and David Goodman as Chairman. This mix suggests a team combining capital-markets experience with exploration expertise, which is typically important for small-cap resource issuers. Recent developments have been important. In April 2026, Athena announced encouraging visual results from the first hole completed at Laird Lake, granted stock options to insiders, and disclosed CAD 200,000 of non-dilutive grant funding from the Ontario government. Those announcements point to continued field activity and a funding approach that is not exclusively dependent on equity issuance. For U.S., European, and global investors, the main takeaway is that Athena Gold remains a high-risk, high-upside exploration story listed in the United States, with value creation hinging on drill results, technical de-risking, and successful capital management on the NYSE/NASDAQ-style U.S. market ecosystem it operates within.