Core Insights - TMX Group reported a significant decrease in financing activity on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for July 2025, with total financings raised down 68% from the previous month but up 255% compared to July 2024 [2][4]. TSX Summary - In July 2025, TSX welcomed 12 new issuers, a decrease from 25 in June 2025 and an increase from 10 in July 2024 [2][5]. - Total financings raised amounted to $1.22 billion, a sharp decline from $3.77 billion in June 2025 but a significant increase from $343.36 million in July 2024 [5]. - The total number of financings was 27, down from 55 in the previous month and up from 17 in July 2024 [2][5]. - Year-to-date statistics show 152 new issuers listed, a 76.7% increase from 86 in 2024, and total financings raised of $9.71 billion, down 8% from $10.56 billion in 2024 [6]. TSXV Summary - TSXV had one new issuer in July 2025, down from five in June 2025 and three in July 2024 [4][7]. - Total financings raised were $705.31 million, a slight decrease of 3% from the previous month but up 49% from July 2024 [4][8]. - The total number of financings was 139, compared to 100 in June 2025 and 93 in July 2024 [4][8]. - Year-to-date statistics indicate 23 new issuers listed, a decrease of 20.7% from 29 in 2024, with total financings raised of $4.02 billion, a 63% increase from $2.46 billion in 2024 [9]. Market Capitalization - The market capitalization of listed issues on TSX was approximately $5.56 trillion in July 2025, reflecting growth from $4.63 trillion in July 2024 [5][6]. - TSXV's market capitalization was around $112.08 billion, up 42.2% from $78.83 billion in July 2024 [9].

Core Viewpoint - Assembly Biosciences, Inc. has announced a registered offering of common stock and warrants, aiming to raise capital for its innovative therapeutics targeting serious viral diseases [1][4]. Group 1: Offering Details - The offering consists of 5,591,840 shares of common stock and pre-funded warrants for 1,040,820 shares, with a combined price of $19.60 per share and accompanying warrants [1]. - Each pre-funded warrant has a nominal exercise price of $0.001 and is immediately exercisable, while Class A and Class B warrants have an exercise price of $21.60 and specific expiration conditions [1]. - The offering and a private placement with Gilead Sciences, Inc. are expected to close on August 11, 2025, contingent upon customary closing conditions [4]. Group 2: Investor Participation - The offering includes participation from both new and existing investors, such as Commodore Capital, Blackstone Multi-Asset Investing, and Farallon Capital Management [2]. - Gilead will purchase 2,295,920 shares in a private placement at the same price as the offering, which will not be registered under the Securities Act [3]. Group 3: Use of Proceeds - The net proceeds from the offering and private placement will be utilized for general corporate purposes [4]. Group 4: Company Overview - Assembly Biosciences is focused on developing small-molecule therapeutics aimed at serious viral diseases, including herpesvirus and hepatitis infections [7][8].

Core Viewpoint - Dryden Gold Corp. is proposing a non-brokered equity financing to raise up to $7 million through the issuance of various types of shares, aimed at expanding its drill program and for general corporate purposes [1][2]. Financing Details - The financing will consist of up to 34,285,714 shares, including: - Up to 14,285,714 flow-through common shares (FT Shares) at $0.24 each, raising a maximum of $2 million - Up to 12,500,000 charity flow-through shares (CFT Shares) at $0.284 each, raising a maximum of $3.55 million - Up to 7,500,000 hard dollar shares (HD Shares) at $0.20 each, raising a maximum of $1.45 million [1][2]. - The offering is subject to regulatory approvals and will close in one or more tranches by September 5, 2025 [3]. Use of Proceeds - Proceeds from the financing will be allocated to expand the current drill program to 30,000 meters and for general corporate purposes [2]. Tax Implications - The FT Shares and CFT Shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [4]. Insider Participation - The company anticipates that insiders may subscribe for HD Shares, which will be treated as a related party transaction [5]. Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, with a property that includes historic gold mines and significant exploration potential [6].

Company Announcement - Great Pacific Gold Corp. has appointed Alex Heath as Chief Financial Officer, effective immediately, while the current CFO Jonathan Richards will assist for the next two months to ensure a smooth transition [1][2][3] Executive Background - Alex Heath brings over twenty years of experience in finance, investment banking, corporate development, and investor relations, having held senior roles in various companies, including Defense Metals Corp. and Prospector Metals Corp. [2] Financial Position - The company successfully closed an equity financing raising $16.9 million, which positions it well to advance its drilling program at the Wild Dog Project in Papua New Guinea [3] Stock Options and RSUs - In conjunction with the CFO appointment, the company issued 500,000 stock options and 250,000 restricted share units (RSUs), with specific vesting schedules for both [3] Project Overview - Great Pacific Gold has a portfolio of exploration-stage projects in Papua New Guinea, focusing on developing gold-copper resources [4] - The Wild Dog Project is a brownfield exploration project with a history of small-scale gold mining and is currently undergoing a drilling program [4] - The Kesar Project is a greenfield exploration project with high-priority targets and has shown high grades of gold in previous exploration [4] - The Arau Project contains the Mt. Victor exploration target, which has potential for a high sulphidation epithermal gold-base metal deposit [4][5]

Core Viewpoint - Surge Copper Corp. is advancing its Berg Project through a non-brokered equity financing of up to $6.4 million, aimed at completing a Preliminary Feasibility Study and initiating early-stage permitting activities as part of its 2025 objectives [1] Financing Details - The financing will occur through two concurrent private placements: 1. LIFE Offering: Up to 14.3 million common shares at $0.175 per share, raising up to $2.5 million, expected to close in two to three weeks [2] 2. Concurrent Strategic Investment: A significant existing strategic investor will purchase common shares at the same price, potentially raising up to $3.9 million, expected to close within four to six weeks [3] - The Company may increase the size of the LIFE Offering based on demand [4] Use of Proceeds - Net proceeds from the Offering will fund engineering, environmental, and early-stage permitting activities at the Berg Project, supporting the completion of a Preliminary Feasibility Study and entry into the Environmental Assessment process [5] Company Overview - Surge Copper Corp. is focused on developing a critical metals district in British Columbia, owning a large mineral claim package with advanced porphyry deposits containing copper, molybdenum, gold, and silver [11] - The Company holds a 100% interest in the Berg Project, which has a maiden PEA indicating a large-scale project with an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [12]

Core Concept - The weighted average cost of capital (WACC) calculates a company's cost of capital [1] - WACC proportionately weighs a company's use of debt and equity financing [1]

Core Viewpoint - Castellum, Inc. has announced a public offering of 4,166,667 Units at a price of $1.20 per Unit, aiming to raise approximately $5.0 million for working capital and general corporate purposes [1][2][3]. Group 1: Offering Details - Each Unit consists of one share of common stock and one warrant to purchase one share of common stock, with warrants exercisable at $1.22 per share and expiring 60 days from issuance [1][2]. - The offering is expected to close on or about June 13, 2025, subject to customary closing conditions [2]. Group 2: Financial Information - Gross proceeds from the offering are anticipated to be around $5.0 million before deducting placement agent fees and estimated offering expenses [2]. - Maxim Group LLC is acting as the sole placement agent for the offering on a reasonable best-efforts basis [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 relating to the securities was filed with the SEC and became effective on January 24, 2025 [3]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to be filed as well [3].

Core Points - Bunker Hill Mining Corp. has secured total funding of US$10.3 million, which includes US$6.5 million from a brokered private placement and US$3.8 million from debt settlement and equity payments [1][2][9] - The capital restructuring is supported by an equity investment from Teck Resources Limited, involving the conversion of certain outstanding debt into equity and modifications to existing financing arrangements with Sprott Streaming [1][5][20] - The company aims to use the proceeds from the offerings to advance the construction and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine, targeting 85% project completion by Q4 2025 [7][9][33] Equity Financing Developments - The brokered private placement will issue up to 62,086,187 units at a price of US$0.105 (C$0.15) per unit, potentially raising approximately US$6.5 million [4][5] - Teck has committed to contribute US$2.00 for every US$1.00 raised in the brokered offering, with a lead order of up to 209,523,809 units [5][6] - Each unit will consist of one common share and one-half of a warrant, with each whole warrant exercisable for one additional common share at a price of C$0.25 for three years [6][19] Debt Restructuring Developments - The company plans to issue up to 263,690,476 common shares to Sprott Streaming as part of the debt restructuring transactions [20][27] - The restructuring includes a 40% reduction in total debt, a 58% reduction in gross revenue royalty costs, and a 22% improvement in the debt-to-total capitalization ratio [7][20] - The company intends to settle approximately US$3,072,254 and C$195,000 in outstanding receivables through equity securities at the offering price [15][16] Project Development and Future Plans - The company aims to achieve sustainable free cash flow by H1 2026, with plans to raise an additional US$30 million in equity by the end of Q4 2025 [7][9] - The processing plant is expected to be 100% complete and start commissioning, with underground development also reaching 100% completion [7][9] - The company is focused on maximizing shareholder value while responsibly developing its mining assets in the Silver Valley [33]