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Giga Metals Completes Non-Brokered Private Placement of Flow-Through Shares
Globenewswire· 2026-03-20 20:30
Core Viewpoint - Giga Metals Corp. has successfully closed a private placement of Flow-Through shares, raising a total of $900,000 to fund exploration activities at the Turnagain project and other potential Canadian properties [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 8,181,818 Flow-Through shares at a price of $0.11 each [1]. - The proceeds from the private placement will be allocated to eligible Canadian exploration expenses, which must be incurred by December 31, 2027, and renounced by December 31, 2026 [2]. - Finder's fees amounting to 8% of the total proceeds will be paid in common shares, along with the issuance of 654,545 finder's warrants, allowing the purchase of common shares at $0.11 for one year [4]. Group 2: Company Overview - Giga Metals Corporation's primary asset is the Turnagain Project in northern British Columbia, which is recognized for its significant undeveloped sulphide nickel and cobalt resources [6]. - The Turnagain Project is jointly owned with Mitsubishi Corporation through a subsidiary called Hard Creek Nickel [6]. - A Pre-Feasibility Study for the Turnagain Project was released in October 2023, indicating its potential for additional mineralization, including copper, platinum, and palladium [6].
Nuvau Minerals Announces Closing of Final Tranche of Brokered Private Placement
TMX Newsfile· 2026-03-06 15:23
Core Viewpoint - Nuvau Minerals Inc. has successfully closed the second and final tranche of its brokered private placement, raising a total of $21,368,670.70 in gross proceeds through the issuance of common shares and units, which will be used for eligible Canadian exploration expenses [1][2]. Group 1: Offering Details - The second tranche included the issuance of 7,928,523 flow-through shares at $0.90 each, generating gross proceeds of $7,135,670.70, and 320,000 units at $0.80 each, generating $256,000 [1]. - The total gross proceeds from both tranches of the Offering amount to $21,368,670.70 [1]. - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one common share at $1.30 until February 25, 2029 [1]. Group 2: Use of Proceeds - The proceeds from the Offering will be allocated to incur eligible "Canadian exploration expenses," qualifying as "flow-through mining expenditures" [2]. - At least 30% of the qualifying expenditures will be renounced to subscribers of flow-through shares as FTCMME, with some subscribers eligible for a higher percentage [2]. - All qualifying expenditures are to be incurred by December 31, 2027, and will be renounced in favor of the subscribers by December 31, 2026 [2]. Group 3: Agent and Compensation - The Offering was co-led by Clarus Securities Inc. and Integrity Capital Group Inc., with a cash commission of 6.0% on gross proceeds, reduced to 3.0% for certain purchasers [3]. - The Company will issue non-transferable compensation options equal to 6.0% of the total number of flow-through shares and/or units sold, reduced to 3.0% for President's List Purchasers [3]. Group 4: Insider Participation - A director of the Company subscribed for 444,444 flow-through shares, contributing $444,444 to the gross proceeds [4]. - The Company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101 due to the transaction's fair market value being less than 25% of the Company's market capitalization [4]. Group 5: Company Overview - Nuvau Minerals Inc. is a Canadian mining company focused on exploration and development, with its principal asset being the Matagami property in central Québec, acquired from Glencore Canada Corporation [7].
Gold X2 Announces Closing of Second and Final Tranche of Private Placement for Gross Proceeds of Approximately $72,738,000
TMX Newsfile· 2026-02-26 22:37
Core Viewpoint - Gold X2 Mining Inc. has successfully closed the second tranche of its non-brokered private placement, significantly enhancing its financial position and enabling further development of the Moss Gold Project [1][2]. Financial Summary - The second tranche raised gross proceeds of approximately $72.74 million, bringing total gross proceeds from the private placement to $115.90 million [2][3]. - The company's current cash position is approximately $122 million, which will be utilized for infill, expansion, and exploration drill programs [2]. Investment Details - Gold X2 issued 58,992,945 charity flow-through common shares at a price of $1.233 per share in the second tranche [2]. - AngloGold Ashanti's strategic investment will result in the acquisition of approximately 9.9% of the issued and outstanding common shares of Gold X2 following the private placement [4]. Project Development - Proceeds from the second tranche will be allocated to advance exploration and resource expansion activities at the Moss Gold Project, qualifying as "Canadian exploration expenses" [3]. - The company plans to incur and renounce $9.45 million in qualifying expenses effective September 15, 2026, and $63.29 million effective December 31, 2026 [3]. Company Overview - Gold X2 Mining is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, with a current emphasis on the Moss Gold Project in Ontario, Canada [8]. - The Moss Gold Project has a mineral resource estimate of 2.458 million ounces of indicated gold resources and 4.209 million ounces of inferred gold resources, along with significant silver resources [8].
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].