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First Phosphate Closes Follow-on Tranche of Oversubscribed Private Placement
Newsfile· 2025-11-24 12:11
Core Viewpoint - First Phosphate Corp. has successfully closed a subsequent tranche of its non-brokered private placement financing, raising significant funds to support its operations and growth strategy [1][2]. Financing Details - The company raised gross proceeds of $3,570,848 through the issuance of 3,355,832 Flow-Through Shares and 611,777 Hard Dollar Units [2]. - In the latest tranche, the company raised $1,390,699, which includes $999,999 from 1,111,110 Flow-Through Shares and $390,700 from 431,111 Hard Dollar Units [2][3]. - To date, First Phosphate has raised approximately $43.6 million through 10 management-led non-brokered private-placement financings since June 2022 [3]. Compensation and Incentives - The company granted 4,700,000 incentive stock options and 1,303,000 restricted stock units as part of its compensation plan [5]. - Each option has an exercise price of $0.90 and will vest over two years, while the RSUs will vest on January 1, 2026 [5]. Company Overview - First Phosphate is focused on developing a vertically integrated lithium iron phosphate battery supply chain for North America, targeting markets such as energy storage and national security [6]. - The company's flagship property, Bégin-Lamarche, is noted for its high-purity phosphate resources [7].
NevGold Announces Closing of C$10M Brokered Private Placement Financing
Globenewswire· 2025-11-19 17:11
Core Viewpoint - NevGold Corp. has successfully closed a brokered private placement financing, raising gross proceeds of $10 million to advance its mineral projects, particularly the Limousine Butte Project in Nevada, following a significant antimony discovery [1][2]. Financing Details - The financing involved the issuance of 15,384,614 Units at a price of $0.65 per Unit, each consisting of one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.90 until November 19, 2027, with a restriction on exercise until January 19, 2026 [1][2]. Use of Proceeds - The net proceeds from the offering will be allocated to advancing the Limousine Butte gold-antimony project, Nutmeg Mountain gold project, Zeus copper project, working capital, and general corporate purposes [2]. Agent and Compensation - Clarus Securities Inc. acted as the sole agent and bookrunner for the offering, receiving a cash commission of $700,000 and 1,076,922 non-transferable compensation options [3]. Regulatory Compliance - The offering was conducted under the listed issuer financing exemption and is not subject to a hold period under Canadian securities laws, although compensation options are subject to a hold period expiring on March 20, 2026 [4]. Company Overview - NevGold is focused on exploring and developing large-scale mineral systems in Nevada and Idaho, owning 100% interests in several projects including Limousine Butte and Nutmeg Mountain [7].
Peloton Closes a Second Tranche of Financing Bringing the Total to $1,036,252.53
Thenewswire· 2025-11-17 14:00
Core Points - Peloton Minerals Corporation has successfully closed the second tranche of a non-brokered private placement financing, raising a total of $1,036,252.53, which is oversubscribed from the originally planned $630,000 [1][3] - The financing was priced at CDN$0.09 per unit, with each unit consisting of one common share and one common share purchase warrant exercisable for three years at $0.12 [1] - Proceeds from the private placement will be allocated for lithium exploration in northern Nevada and for working capital [1] Financing Details - The second tranche of the private placement raised $133,502.76 [1] - The private placement utilized certain prospectus exemptions, including the Existing Shareholder Exemption, allowing capital to be raised from existing shareholders [3] - The securities issued are subject to a hold period expiring four months and one day from the issuance date [4] Exploration Plans - Peloton will commence drilling at the North Elko Lithium Project (NELP) in northeastern Nevada this month [2] - Further announcements regarding the drilling program will be made after drilling begins [2] Company Overview - Peloton holds a 100% interest in the North Elko Lithium Project, which is prospective for lithium, uranium, and critical and rare earth minerals [6] - The company also has interests in gold projects and a non-controlling interest in a copper porphyry project near Butte, Montana [6] - Peloton is a reporting issuer in good standing in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [5]
Lodestar Metals Closes Second Tranche of Financing
Newsfile· 2025-11-13 22:59
Core Points - Lodestar Metals Corp. has closed a second tranche of its non-brokered private placement financing, issuing 3,139,667 units at a price of $0.075 per unit, resulting in gross proceeds of $235,475 [1] - Each unit consists of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at $0.12 for two years [2] - The proceeds from the offering will be allocated for exploration and drilling on the Goldrun Project in Nevada and for working capital [4] Summary by Sections Financing Details - The second tranche of the offering involved the issuance of 3,139,667 units at $0.075 per unit, generating gross proceeds of $235,475 [1] - Each unit includes one common share and one-half share purchase warrant, with the full warrant allowing the purchase of one additional share at $0.12 for two years [2] - The company has the right to accelerate the expiry date of the warrants if the share price meets certain conditions [2] Use of Proceeds - The funds raised will be used for exploration and drilling activities on the Goldrun Project in Nevada, as well as for general working capital [4] Company Overview - Lodestar Metals Corp. is a Canadian gold exploration company focused on the Goldrun Project, which is strategically located on a major gold trend in Nevada [6] - The company aims to build a compliant gold resource that provides lasting shareholder value through a disciplined approach to discovery [6]
Refined Energy Corp. Closes Private Placement for Gross Proceeds of C$2M
Globenewswire· 2025-11-07 22:01
Core Points - Refined Energy Corp. has successfully closed a non-brokered private placement financing, raising a total of $2,000,000 [1][2] Group 1: Private Placement Details - The company issued 10,000,000 units at a price of $0.20 per unit, with each unit consisting of one common share and one share purchase warrant [2] - Each warrant allows the holder to purchase an additional share at an exercise price of $0.25 until November 7, 2027, subject to a hold period expiring on January 6, 2026 [2][4] Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated for exploration and evaluation expenditures at the Dufferin Project, as well as for general working capital purposes [3] Group 3: Regulatory Information - The units were offered to purchasers in all provinces of Canada except Quebec, under the listed issuer financing exemption, which allows for certain resale restrictions to be waived [4] - The securities have not been registered under U.S. securities laws and cannot be offered or sold in the United States without proper registration or exemptions [6] Group 4: Company Overview - Refined Energy Corp. is a junior mining company focused on identifying and acquiring mineral properties in North America, with the Dufferin Project being its flagship project [7] - A drill program is planned for the Dufferin Project in 2026, and the company is also exploring other mineral properties for potential acquisition [7]
OROCO CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING
Globenewswire· 2025-11-06 12:00
Core Insights - Oroco Resource Corp. has successfully closed an initial tranche of its non-brokered private placement, raising gross proceeds of US$1,530,999 through the sale of 7,654,995 units at US$0.20 per unit [1][3] - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of one share at US$0.30 for 24 months [1][3] - The financing was primarily subscribed by Mexico-based investors, including new independent director Faysal Rodriguez, who subscribed for 5 million units [2][4] Financial Use - Proceeds from the private placement will be utilized to advance the Santo Tomas Project towards its planned Pre-Feasibility Study and for general corporate purposes [3] - The closing of this financing is subject to final acceptance by the TSX Venture Exchange, with shares and any shares issued on the exercise of warrants subject to a hold period expiring on March 6, 2026 [3] Project Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [5] - The project is located in northwestern Mexico and hosts significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [5][6] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [5][6] Strategic Importance - The Santo Tomas Project is strategically located within 170 km of the Pacific deep-water port at Topolobampo, with access via highway and rail [7] - The project area is serviced by infrastructure originally built for Goldcorp's El Sauzal Mine, enhancing its logistical advantages [7]
Neotech Metals Announces Close of Private Placement
Newsfile· 2025-10-31 08:00
Financing Details - Neotech Metals Corp. closed a non-brokered private placement financing, issuing 9,258,414 critical minerals exploration tax credit flow-through units at a price of $0.35 per unit, resulting in gross proceeds of $3,240,445 [1] - The financing included the issuance of 285,000 units to an insider for gross proceeds of $99,750, which constituted a related party transaction [3] - Finder's fees of $57,304.96 were paid, and 163,728 non-transferable finder's warrants were issued, allowing the purchase of shares at $0.45 for two years [2] Use of Proceeds - The net proceeds from the sale of the CMETCFT Units will be allocated for qualified expenditures related to the company's mineral properties and for general working capital purposes [4] Company Overview - Neotech Metals Corp. is focused on discovering and developing valuable mineral resources, emphasizing environmental stewardship and sustainable practices [6] - The company has a diversified portfolio of Rare-Earth Element and Rare Metals projects, including the Hecla-Kilmer project and others located in British Columbia [7] Warrant Details - Each CMETCFT Unit consists of one common share and one-half of a share purchase warrant, with the warrants allowing purchase of one common share at $0.45 for two years [1] - The warrants have an acceleration provision if the closing price of the company's shares exceeds $0.75 for 20 consecutive trading days [4]
TSX-V: TT Closes Acquisition of High Lake and West Hawk Lake from McFarlane Lake Mining and Closing of Final Tranche of Non-Brokered Private Placement
Thenewswire· 2025-10-28 11:00
Core Viewpoint - Total Metals Corp. has successfully closed the acquisition of the High Lake and West Hawk Lake projects from McFarlane Lake Mining Corporation for CAD $9.25 million, which includes a historic mineral resource estimate of over 300,000 ounces of gold, indicating significant exploration potential and strategic advantages in processing and infrastructure [1][2][3]. Acquisition Details - The acquisition was completed for a total consideration of CAD $9.25 million, paid through the issuance of 3,333,333 common shares at a deemed price of CAD $0.60 per share [5]. - The projects are located in a mining-friendly jurisdiction with established infrastructure, which supports manageable costs and timelines for exploration and development [6]. - The High Lake project has a NI 43-101 compliant mineral resource with high grades and multiple high-grade drill intercepts, while West Hawk Lake has a history of underground development and recent drilling [3][6]. Financial Aspects - The company has closed a second tranche of a non-brokered private placement financing, raising a total of CAD $10 million, which will be allocated towards the acquisition, exploration activities, and working capital [9][11]. - Following the financing, Total Metals will have approximately CAD $10.4 million in available cash [11]. Strategic Implications - The acquisition is expected to enhance Total Metals' growth potential through exploration drilling and the possibility of toll-milling partnerships to process higher-grade ore, thus avoiding the need for costly on-site processing facilities [2][3]. - The proximity of the projects allows for shared infrastructure and centralized processing, which supports a scalable development pathway [3][6]. Regulatory Compliance - The company is required to file a technical report in compliance with National Instrument 43-101 within 45 days of the acquisition [7][8].
Consolidated Lithium Metals Announces $2,500,000 Private Placement Financing
Globenewswire· 2025-10-22 18:01
Core Viewpoint - Consolidated Lithium Metals Inc. is planning a non-brokered private placement financing to raise up to $2,500,000 through the issuance of units priced at $0.06 each, with each unit consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The offering will consist of up to 41,666,666 units, with each warrant allowing the purchase of an additional common share at $0.10 for 24 months [1]. - The closing of the offering is expected around November 7, 2025, and all securities will be subject to a four-month hold period [2]. - Finder's fees may be paid to eligible finders, consisting of a cash commission of up to 7% of the gross proceeds and finder warrants equal to 7% of the units sold [2]. Group 2: Insider Participation - Senior management and certain board members may participate in the offering, which will be classified as a related party transaction [3]. Group 3: Company Overview - Consolidated Lithium Metals Inc. is a Canadian junior mining exploration company focused on critical mineral projects and supporting the energy transition [4].
Providence Gold Mines Inc. Receives Regulatory Approvals for Fundamental Transaction & The La Dama de Oro Gold Property NI 43-101 Report
Thenewswire· 2025-10-22 13:00
 VANCOUVER – October 22, 2025 – TheNewswire - Providence Gold Mines Inc. (“Providence” or the “Company”) is very pleased to announce that the Company has received TSXV Regulatory conditional approval for its Fundamental La Dama de Oro Reviewable Transaction, the La Dama de Oro NI 43 101 report can be reviewed on SEDAR. The consideration payable by the Company to the Optionor “Mohave Gold Mining and Exploration Inc”. a privately held company under the laws of Nevada duly operating in the State of California ...