Core Viewpoint - American Eagle Gold Corp. has successfully closed a private placement of 1,156,000 charity flow-through common shares, raising approximately C$820,000, which will be utilized for exploration at the NAK project in British Columbia [1][2]. Financial Summary - The proceeds from the offering increase the company's balance sheet to over $36 million [2]. - The charity flow-through shares were sold at a price of C$0.71 per share [1]. Project Development - The 2025 drill program commenced on May 25, with two drill holes completed and two more underway, focusing on expanding the gold-enriched zone in the southern part of the Main Zone [5]. - Preparations are being made to explore the copper-enriched northern part of the Main Zone, which previously showed significant mineralization [5]. - The company is leveraging data from a recent 3-Axis Gradient Magnetometer Survey to refine existing targets and identify new ones, potentially expanding the drill program [6]. Regulatory and Compliance - The offering is subject to final approval from the TSX Venture Exchange, with a hold period for the securities expiring on October 12, 2025 [3]. - The offering is classified as a "related party transaction" due to South32's existing shareholding, and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [7]. Project Background - The NAK project is located in the Babine copper-gold porphyry district of British Columbia, with historical drilling revealing a large near-surface copper-gold system measuring over 1.5 km x 1.5 km [8]. - Recent drilling by American Eagle has indicated significant intervals of high-grade copper-gold mineralization, suggesting the presence of both near-surface and deeper mineralization zones [8]. Company Overview - American Eagle Gold Corp. is focused on advancing its NAK copper-gold porphyry project, supported by over $36 million in cash and strategic partnerships with Teck Resources and South32 [9].