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Maple Gold Announces $12 Million Brokered Life Offering and a Concurrent $4 Million Non-Brokered Private Placement
Globenewswire· 2026-01-26 12:11
Core Viewpoint - Maple Gold Mines Ltd. has announced a private placement offering to raise gross proceeds of up to $15,000,085 through the sale of flow-through and non-flow-through shares, aimed at funding exploration activities in Canada [1][2]. Group 1: Offering Details - The LIFE Offering consists of up to 3,525,000 flow-through shares priced at $3.40 each, targeting gross proceeds of up to $11,985,000 [1]. - A concurrent non-brokered private placement aims to raise up to $4,015,085, involving up to 1,070,960 flow-through shares and 152,580 non-flow-through shares priced at $2.45 each [2]. - The expected closing date for the Offering is around February 17, 2026, subject to regulatory approvals [5]. Group 2: Use of Proceeds - Proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses related to the Company's projects, with a commitment to renounce these expenditures to subscribers by December 31, 2026 [4]. - Net proceeds from the non-flow-through shares will be allocated for general administrative expenses and working capital over the next 12 months [4]. Group 3: Investor Participation - Strategic investor Michael Gentile plans to participate in the Offering to maintain an approximate 8.4% partially diluted interest in the Company [3]. Group 4: Company Overview - Maple Gold Mines Ltd. is focused on advancing its 100%-owned Douay/Joutel Gold Project in Québec, which spans approximately 481 square kilometers and includes established gold mineral resources [10]. - The property also contains numerous regional exploration targets along a 55-km strike length, indicating potential for new gold and VMS discoveries [11].
Argyle Announces Closing of Private Placement
TMX Newsfile· 2025-12-31 11:00
Core Viewpoint - Argyle Resources Corp. has successfully closed a non-brokered private placement, raising approximately $300,000 through the issuance of 2,000,000 units at a price of $0.15 per unit [1] Group 1: Private Placement Details - The private placement consists of units that include one flow-through common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.20 for 24 months [1] - The proceeds from the private placement will be allocated to Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act (Canada) [2] - The company incurred $18,000 in cash finder's fees and issued 120,000 finder's warrants, each exercisable for one common share at $0.20 for 24 months [2] Group 2: Securities Information - The securities issued under the private placement are subject to a hold period of four months and one day [3] - The securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or applicable exemptions [4] Group 3: Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America [5] - The company owns a 100% interest in several silica projects in Québec, Canada, and has an option to acquire the Clay Howell Rare Earths Project in northern Ontario [5] - Argyle is engaged in a research partnership with the National Institute of Scientific Research to conduct exploration programs on its silica projects [5]
Atomic Minerals Announces Closing of Non-Brokered LIFE Offering and Concurrent Private Placement of $400,000
TMX Newsfile· 2025-12-31 00:23
Core Viewpoint - Atomic Minerals Corporation has successfully closed a non-brokered private placement, raising a total of $400,000 through two offerings, aimed at funding exploration expenses for its uranium projects in Canada [1][4]. Group 1: Private Placement Details - The company closed a non-brokered private placement under the Listed Issuer Financing Exemption, issuing 1,028,234 flow-through common shares at $0.125 per share, resulting in gross proceeds of $128,529 [1]. - Concurrently, the company issued 2,171,766 flow-through common shares at the same price, generating an additional $271,471 in gross proceeds [1]. - A total of $10,600 in finder's fees was paid, and 84,800 non-transferable warrants were issued, each exercisable at $0.125 for one year [3]. Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized to fund Canadian exploration expenses that qualify as "flow-through mining expenditures" for the company's uranium project in Saskatchewan [4]. Group 3: Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSXV under the symbol ATOM, focusing on identifying exploration opportunities in underexplored regions with geological similarities to known uranium deposits [6]. - The company's property portfolio includes uranium projects in three North American locations, with significant technical merit and historical uranium production [7].
Canterra Minerals Closes $5.7M Flow-Through Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-24 00:30
Core Viewpoint - Canterra Minerals Corporation has successfully closed a private placement, raising a total of C$5,705,361.51 through the issuance of Critical Minerals flow-through shares and National flow-through shares [1]. Group 1: Private Placement Details - The company issued 10,980,000 Critical Minerals flow-through shares at a price of C$0.25 per share, generating gross proceeds of C$2,745,000 [2]. - Additionally, 12,871,137 National flow-through shares were issued at a price of C$0.23 per share, resulting in gross proceeds of C$2,960,361.51 [3]. - The total gross proceeds from both share types will be utilized for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" as defined by the Income Tax Act [4]. Group 2: Use of Proceeds - The net proceeds from the private placement will be directed towards the exploration of the company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5]. Group 3: Finder's Fees and Warrants - In connection with the private placement, the company paid finders fees of C$50,000 in cash and issued 135,848 non-transferable finders' warrants [6]. - The finders' warrants related to CMFT Shares are exercisable at C$0.25 per warrant, while those related to FT Shares are exercisable at C$0.23 per warrant, both valid for 12 months from issuance [6]. Group 4: Securities Regulations - The securities issued in the private placement are not registered under the United States Securities Act and cannot be offered or sold to U.S. persons without registration or an applicable exemption [8]. Group 5: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects located near the historically significant Buchans Mine and Teck Resources' Duck Pond Mine [9]. - The company's gold projects are strategically located along a structural corridor that hosts mineralization within Equinox Gold's Valentine mine project [10].
First Atlantic Closes No-Warrant Private Placement Financing as Strategic Investor Exercises 9.9% Top-Up Right Under Investor Rights Agreement
Globenewswire· 2025-12-23 22:41
Core Viewpoint - First Atlantic Nickel Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $2,619,316 to advance its Pipestone XL Nickel Alloy Project in Newfoundland, focusing on exploration and drilling activities [1][2][3]. Group 1: Offering Details - The Offering included 3,201,220 charity flow-through common shares at $0.2432 each and 8,765,618 flow-through common shares at $0.21 each [1]. - A strategic investor exercised its top-up rights to maintain a 9.99% ownership interest in the Company [1]. - The Company will renounce all qualifying expenditures to subscribers effective December 31, 2025 [2]. Group 2: Project Overview - The Pipestone XL Nickel Alloy Project spans a 30-kilometer area in Newfoundland, containing multiple discovery zones rich in awaruite, a nickel-iron-cobalt alloy with approximately 75% nickel content [4][19]. - Awaruite's unique properties allow for simpler processing methods, reducing environmental impacts and eliminating the need for energy-intensive smelting [6][11][12]. - The project benefits from year-round road access and proximity to hydroelectric power, enhancing its logistical advantages for exploration and development [7][20]. Group 3: Strategic Importance - Awaruite's sulfur-free composition mitigates risks associated with acid mine drainage and reduces reliance on overseas processing infrastructure, positioning the project as a key contributor to North America's nickel supply chain [11][19]. - The U.S. Geological Survey has recognized the strategic importance of awaruite deposits, suggesting they may alleviate prolonged nickel concentrate shortages [20].
Greenridge Exploration Closes Flow-Through Private Placement Financing
Globenewswire· 2025-12-22 22:29
Core Viewpoint - Greenridge Exploration Inc. has successfully closed a non-brokered private placement of flow-through units, raising gross proceeds of $2,035,977.65 to fund eligible Canadian exploration expenses related to its projects in Canada [1][2]. Group 1: Offering Details - The company issued 5,817,079 flow-through units at a price of $0.35 per unit, each consisting of one common share and one common share purchase warrant [1]. - Each warrant allows the holder to purchase one common share at a price of $0.40 for a period of 24 months from issuance [1]. - The offering is classified as a "related party transaction," with significant subscriptions from company directors and the CEO totaling $756,349.95 [3]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) [2]. - All qualifying expenditures will be renounced in favor of the subscribers effective December 31, 2025 [2]. Group 3: Company Overview - Greenridge Exploration Inc. is a mineral exploration company focused on acquiring, exploring, and developing critical mineral projects in Canada, with interests in 21 projects covering approximately 281,100 hectares [6]. - The company has a significant portfolio in uranium, lithium, nickel, copper, and gold, with 13 uranium projects covering about 194,350 hectares [7]. - The management team possesses extensive expertise in capital raising and advancing mining projects, positioning the company to attract new investors [8].
Argyle Announces up to C$500,000 Private Placement
TMX Newsfile· 2025-12-19 21:15
Core Viewpoint - Argyle Resources Corp. plans to conduct a non-brokered private placement to raise up to $500,000 through the issuance of units priced at $0.15 each, which will consist of common shares and purchase warrants [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 3,333,333 units, with each unit comprising one flow-through common share and one-half of a common share purchase warrant [1]. - Each half warrant will allow the holder to purchase one-half of a non-flow-through common share at a price of $0.20 for a period of 24 months [1]. - The net proceeds will be used for Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act (Canada) [2]. Group 2: Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America [3]. - The company holds a 100% interest in several silica projects in Québec, Canada, and has options to acquire additional properties in Ontario and Nova Scotia [3]. - Argyle is engaged in a research partnership with the National Institute of Scientific Research in Québec to conduct exploration programs on its silica projects [3]. Group 3: Company Background - Argyle Resources Corp. was incorporated in 2023 and is headquartered in Calgary, Alberta, Canada [4].
Fuerte Completes C$17.25 Million Brokered Private Placement
TMX Newsfile· 2025-12-18 13:15
Core Viewpoint - Fuerte Metals Corporation has successfully closed a brokered private placement, raising gross proceeds of C$17,249,933 to fund eligible Canadian exploration expenses related to its Coffee Gold Project [1][4]. Group 1: Offering Details - The Offering consisted of 1,380,950 flow-through common shares priced at C$5.25 each, generating C$7,249,988, and 1,655,620 special flow-through common shares priced at C$6.04 each, generating C$9,999,945 [1]. - The total gross proceeds from the Offering amount to C$17,249,933, which will be used for qualifying exploration expenditures [1][4]. - The Offered Securities are subject to a statutory hold period in Canada, expiring on April 19, 2026 [2]. Group 2: Agents and Commissions - The Offering was led by Stifel Nicolaus Canada Inc. and BMO Capital Markets, with a syndicate of agents including National Bank Financial Inc., Desjardins Capital Markets, and Ventum Financial Corp. [2]. - Agents received a cash commission of 5% of the gross proceeds, reduced to 2% for sales to purchasers on the president's list [3]. Group 3: Use of Proceeds - The proceeds from the Offering will be allocated to incur eligible "Canadian exploration expenses" related to the Coffee Gold Project, with a deadline for incurring these expenses set for December 31, 2026 [4]. - The Company plans to renounce all qualifying expenditures in favor of the subscribers of the Offered Securities effective December 31, 2025 [4]. Group 4: Insider Participation - Certain directors, officers, and insiders purchased a total of 280,000 FT Shares as part of the Offering, which is classified as a "related party transaction" [6]. - The Company is exempt from formal valuation and minority shareholder approval requirements for this transaction due to the fair market value being less than 25% of the Company's market capitalization [6]. Group 5: Company Overview - Fuerte Metals Corporation is focused on advancing precious and base metals projects across the Americas, with its flagship asset being the Coffee Project in Yukon, Canada, which hosts 3.0 million ounces of Measured and Indicated Resource and an Inferred Resource of 0.8 million ounces [7]. - The Company is committed to responsible stewardship of the land and building long-term value for shareholders through disciplined project development [7].
First Atlantic Announces a No Warrant Private Placement Financing to Advance the Pipestone XL Project
TMX Newsfile· 2025-12-17 22:05
Core Viewpoint - First Atlantic Nickel Corp. is conducting a non-brokered private placement to raise up to $2,944,780 through the sale of flow-through common shares to fund its Pipestone XL Nickel Alloy Project in Newfoundland, which focuses on nickel exploration and development [1][2][3]. Group 1: Offering Details - The Offering consists of up to 4,971,219 charity flow-through common shares priced at $0.2432 each and up to 8,265,618 flow-through common shares priced at $0.21 each [1]. - Proceeds from the Offering will be allocated to eligible Canadian exploration expenses that qualify as flow-through mining expenditures, with all qualifying expenditures to be renounced in favor of subscribers by December 31, 2025 [2][20]. Group 2: Project Overview - The Pipestone XL Nickel Alloy Project spans a 30-kilometer area in the Pipestone Ophiolite Complex, which contains multiple discovery zones including RPM Zone, Super Gulp, Atlantic Lake, and Chrome Pond, all rich in awaruite, a nickel-iron-cobalt alloy [4][17]. - Awaruite has a nickel content of approximately 75% and offers advantages over conventional nickel deposits, such as simpler processing methods that reduce environmental impacts and eliminate the need for smelting [6][10][17]. Group 3: Strategic Importance - The project is positioned to contribute to a secure North American nickel supply chain, essential for industries such as stainless steel, electric vehicles, aerospace, and defense [6][18]. - The U.S. Geological Survey has recognized the strategic importance of awaruite deposits, noting their potential to alleviate nickel concentrate shortages due to their easier concentration compared to typical nickel sulfides [9][18].
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].