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Silver North Announces Closing of $2.25 Million Flow Through Share Private Placement
Thenewswire· 2025-12-19 22:15
Core Viewpoint - Silver North Resources Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of $2,250,500 through the sale of 6.43 million flow-through shares at a price of $0.35 per share, which will fund exploration activities at its Haldane and Veronica properties in 2026 [1][2]. Group 1: Financing Details - The private placement raised a total of $2,250,500 from the sale of 6.43 million flow-through shares priced at $0.35 each [1]. - The company will utilize the proceeds to incur eligible Canadian exploration expenses related to its Yukon projects, with a commitment to renounce these expenditures to the subscribers by December 31, 2025 [2]. - Finders' fees for the offering amounted to $144,931 and included 414,090 non-transferable warrants, valid for 24 months at the offering price [3]. Group 2: Future Plans - The financing will enable the company to commence its 2026 drilling program at the Haldane Property and conduct follow-up work at the Veronica silver property [2]. - The company plans to start drilling as early as spring 2026, maximizing the field season based on the interpretation of 2025 data [2]. - Detailed plans for the 2026 exploration program will be announced after the analysis of the 2025 results [2]. Group 3: Related Party Transactions - A director of the company purchased 43,428 flow-through shares in the private placement, which is classified as a related party transaction [4]. - The company has relied on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's value not exceeding 25% of the company's market capitalization [4]. Group 4: Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR project, and is actively seeking to acquire additional silver properties in favorable jurisdictions [7]. - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the U.S. under the symbol "TARSF" [8].
NioBay Metals Announces Closing of Brokered Life Offering and Concurrent Private Placement for Gross Proceeds of C$8.9 Million
Globenewswire· 2025-12-18 14:21
Core Viewpoint - NioBay Metals Inc. has successfully closed a private placement, raising gross proceeds of C$8,497,990.20 to fund its James Bay Niobium Project and for general corporate purposes [1][3]. Group 1: Offering Details - The Brokered Offering included the sale of 12,277,430 units at C$0.14 per unit, 28,306,250 flow-through units at C$0.16 per unit, and 10,715,000 charity flow-through units at C$0.21 per unit [1]. - A concurrent non-brokered private placement raised an additional C$367,400 from the sale of 2,296,250 flow-through units at C$0.16 per unit [1]. Group 2: Use of Proceeds - Gross proceeds from the flow-through units and charity flow-through units will be allocated to eligible Canadian exploration expenses related to the James Bay Niobium Project, with a focus on critical mineral mining expenditures [4]. - The net proceeds from the unit placement will be used for working capital and general corporate purposes [3]. Group 3: Securities and Regulations - The units and charity flow-through units were sold under the listed issuer financing exemption, making them immediately freely tradable for Canadian purchasers [5]. - The flow-through units were sold under accredited investor and minimum amount investment exemptions, with a hold period for certain securities ending on April 19, 2026 [6]. Group 4: Insider Participation - Certain insiders purchased a total of 8,671,429 units for gross proceeds of C$1,214,000 and 162,500 flow-through units for C$26,000, which are subject to a hold period [9]. Group 5: Company Overview - NioBay aims to lead in low carbon consumption mining practices while ensuring the participation of Indigenous communities in its operations [11]. - The company holds a 100% interest in the James Bay Niobium Project and a 72.5% interest in the Crevier Niobium and Tantalum project [11].
Stillwater Critical Minerals Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million
Accessnewswire· 2025-12-15 15:35
Core Viewpoint - Stillwater Critical Minerals Corp. has successfully increased its "bought deal" private placement from gross proceeds of C$10,000,400 to C$15,000,140 due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of 32,609,000 units priced at C$0.46 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each warrant allows the holder to purchase one common share at a price of C$0.64 within 36 months following the closing date [2] - The underwriters have an option to purchase an additional 4,348,000 units for up to C$2,000,080 in gross proceeds [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for the exploration and advancement of the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, as well as for general corporate purposes and working capital [4] Group 3: Regulatory and Closing Information - The offering is subject to regulatory approvals, including the approval of the TSX Venture Exchange, and is scheduled to close on or about December 30, 2025 [7]
Stillwater Critical Minerals Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million
Accessnewswire· 2025-12-15 12:15
Core Viewpoint - Stillwater Critical Minerals Corp. has announced a private placement agreement with Red Cloud Securities Inc. and Research Capital Corporation to raise gross proceeds of C$10,000,400 through the sale of 21,740,000 units at a price of C$0.46 per unit [1] Group 1: Financial Details - The offering consists of 21,740,000 units priced at C$0.46 each, resulting in total gross proceeds of C$10,000,400 [1] - Each unit includes one common share and one-half of a common share purchase warrant [1]
Silver North Announces $2.1 Million Flow Through Share Private Placement
Thenewswire· 2025-12-11 21:30
Core Viewpoint - Silver North Resources Ltd. is conducting a non-brokered private placement to raise up to $2,100,000 through the sale of 6 million flow-through shares at a price of $0.35 per share, aimed at funding eligible Canadian exploration expenses related to its Yukon projects [1][2]. Use of Proceeds - The proceeds from the sale of flow-through shares will be allocated to exploration activities at the Haldane Project and GDR mineral properties in Yukon Territory, with follow-up drilling planned at the Main Fault target at Haldane [5]. Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR project, and is looking to acquire additional silver properties in favorable jurisdictions [6]. - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and also trades on the OTCQB market in the United States under the symbol "TARSF" [7]. Finder's Fees - The company plans to pay finders' fees of 7% in cash and 7% in non-transferable warrants in connection with the offering, subject to TSX Venture Exchange policies [3]. Regulatory Compliance - The completion of the offering and payment of finders' fees are contingent upon receiving all necessary regulatory approvals, including those from the TSX Venture Exchange [3].
SAGA Metals Announces Closing of Oversubscribed Brokered LIFE Offering for Gross Proceeds of C$6.0 Million
Globenewswire· 2025-12-05 18:08
Core Viewpoint - SAGA Metals Corp. successfully closed a private placement offering, raising approximately C$6 million, which will fund its exploration activities and support its 2026 drill program on the Radar Project [1][4]. Group 1: Offering Details - The private placement included the sale of 7,761,362 units at C$0.44 each and 5,170,000 flow-through units at C$0.50 each, resulting in total gross proceeds of about C$6 million [1][2]. - Each unit consists of one common share and one warrant, while each flow-through unit includes one flow-through share and one warrant, with warrants exercisable at C$0.60 until December 5, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the company's properties in Labrador, Canada, as well as for working capital and general corporate purposes [3]. - The gross proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the Radar Project, with all qualifying expenditures renounced in favor of the subscribers effective December 31, 2025 [4]. Group 3: Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals essential for North America's supply security, with significant projects including the Radar Titanium Project and the Double Mer Uranium Project in Labrador [9][10]. - The Radar Titanium Project encompasses 24,175 hectares and has confirmed mineralization across a 1.5 km zone, while the Double Mer Uranium Project covers 25,600 hectares with notable uranium grades [9].
NioBay Metals Announces Brokered Life Offering and Concurrent Private Placement for Gross Proceeds of Up to C$5 Million
Globenewswire· 2025-12-01 12:00
Core Viewpoint - NioBay Metals Inc. has announced a private placement agreement with Red Cloud Securities Inc. to raise up to C$5,000,000 for its James Bay Niobium Project and general corporate purposes [1][4]. Group 1: Offering Details - The private placement will consist of Units, FT Units, and Charity FT Units, with each Unit comprising one common share and one warrant [2][3]. - The pricing for the Units is set at C$0.14, FT Units at C$0.16, and Charity FT Units at C$0.21 [8]. - An additional option allows Red Cloud to sell up to C$1,000,000 in any combination of Units, FT Units, and Charity FT Units prior to the closing [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated to the exploration and advancement of the James Bay Niobium Project, as well as for working capital and general corporate purposes [4]. - Proceeds from the sale of FT Shares will specifically be used for eligible Canadian exploration expenses related to the James Bay Niobium Project [5]. Group 3: Regulatory and Compliance - The Offering will comply with applicable regulatory requirements and will be offered in several Canadian provinces under the Listed Issuer Financing Exemption [6][7]. - The Offering is scheduled to close on December 18, 2025, subject to necessary regulatory approvals [10]. Group 4: Company Overview - NioBay aims to lead in low carbon consumption mining practices while ensuring the participation of Indigenous communities in its operations [12]. - The company holds a 100% interest in the James Bay Niobium Project and a 72.5% interest in the Crevier Niobium and Tantalum project [12]. Group 5: Industry Context - Niobium is a highly valuable metal used in various sectors, enhancing material properties and reducing environmental impacts [13].
Abcourt Announces its Results for the First Quarter Ended September 30, 2025 and the Engagement of Red Cloud Securities to Provide Market-Making Services
Globenewswire· 2025-11-27 22:30
Core Viewpoint - Abcourt Mines Inc. reported significant financial losses in the first quarter of 2025, with a net loss of CAD 7.52 million, primarily due to high costs associated with mining operations and administrative expenses [2][6]. Financial Results Summary - Revenues for the quarter ended September 30, 2025, were CAD 0, while costs of sales amounted to CAD 5,009,786, resulting in a loss from mining operations of CAD 5,009,786 [2]. - Administration expenses increased to CAD 1,416,858 from CAD 775,757 in the previous year, while care and maintenance costs decreased significantly from CAD 887,433 to CAD 29,288 [2]. - Exploration expenses were CAD 250,068, down from CAD 501,160 in the same quarter of 2024, and finance expenses rose to CAD 967,143 from CAD 136,415 [2]. - The net loss per share was CAD 0.01, compared to CAD 0.00 in the prior year [2]. Balance Sheet Overview - As of September 30, 2025, the company had cash reserves of CAD 594,357, a significant decrease from CAD 2,578,587 as of June 30, 2025 [2]. - Total assets increased to CAD 31,811,592 from CAD 21,408,153, while non-current liabilities rose sharply to CAD 28,029,185 from CAD 14,175,891 [2]. - Shareholders' equity showed a negative balance of CAD 5,488,044, worsening from CAD 599,534 [2]. - Working capital, a non-IFRS measure, was CAD 1,288,412, down from CAD 2,952,725 [2][3]. Operational Developments - During the quarter, Abcourt initiated the development of mining operations at the Sleeping Giant site, incurring various expenses related to infrastructure and staffing [6]. - The company began filling the mill's circuit with gold and completed phase 1 of the sleep camp and kitchen, which were commissioned on September 2 [6]. - Civil construction work was also executed at the tailing facility in preparation for winter and future operational lifts planned for Summer 2026 [6]. Market Engagement - Abcourt has engaged Red Cloud Securities Inc. for market-making services, pending approval from the TSX Venture Exchange, to enhance liquidity for its common shares [5][7].
Galway Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million
Globenewswire· 2025-11-19 22:56
Core Points - Galway Metals Inc. has entered into an agreement with Red Cloud Securities Inc. for a private placement aiming to raise up to C$10,000,000.55 through the sale of units and flow-through units [1][4] - The offering includes 3,703,704 units priced at C$0.54 each and 10,596,027 flow-through units priced at C$0.755 each [1][2] - The proceeds will be used for exploration of the Clarence Stream gold project and for general corporate purposes [4][5] Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, while each flow-through unit consists of one flow-through share and one-half of a warrant [2] - The warrants allow the holder to purchase one common share at C$0.80 within 36 months after the closing date [2] - An option is granted to Red Cloud to sell an additional C$1,500,000 in units and flow-through units prior to the closing [3] Regulatory and Closing Information - The offering is subject to regulatory approvals and is scheduled to close on December 10, 2025 [8] - The securities will be offered to purchasers in several Canadian provinces and may also be sold in offshore jurisdictions [6] Company Overview - Galway Metals is focused on advancing its 100%-owned Clarence Stream gold project in New Brunswick, which has a significant exploration potential [11] - The company also owns the Estrades project, a former high-grade polymetallic mine in Quebec [11] - The management team has a proven track record of creating shareholder value, having previously sold Galway Resources for US$340 million [11]
SAGA Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Globenewswire· 2025-11-12 22:51
Core Viewpoint - SAGA Metals Corp. has announced a private placement offering to raise between C$3,000,000 and C$5,000,000 to fund exploration activities and general corporate purposes, particularly focusing on its properties in Labrador, Canada [1][4]. Group 1: Offering Details - The private placement will consist of Units, Flow-Through Units (FT Units), and Charity FT Units, with each Unit priced at C$0.44, FT Units at C$0.50, and Charity FT Units at C$0.66 [8]. - Each Unit will include one common share and one warrant, while FT Units and Charity FT Units will consist of a flow-through share and one warrant [2][3]. - The offering is expected to close on December 5, 2025, subject to regulatory approvals [9]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the Company's properties in Labrador, including the Radar Project, and for working capital [4]. - Gross proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses related to critical mineral mining [5]. Group 3: Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals essential for North America's supply security [11]. - The company’s Radar Titanium Project spans 24,175 hectares and has confirmed significant mineralization, while the Double Mer Uranium Project covers 25,600 hectares with notable uranium samples [11][12]. - SAGA also owns the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto, covering 65,849 hectares [12][13].