Financings this week: 24–30 October 2026
Closed amounts and announced targets as the companies stated them, each block ranked by size in US dollars, with the raise as a share of market cap. Each entry is summarised from the company's own release or exchange announcement.
Closed
1. Barksdale Resources Corp (TSXV: BRO): C$15.7M non-brokered placement · 18% of market cap
A C$15.7M non-brokered placement has closed for Barksdale Resources Corp at C$0.18 per unit. Warrants are included at 0.5 per unit, exercisable at 0.3 CAD and expiring 24 months from closing. The securities carry a four-month hold period expiring on March 1, 2027.
Proceeds will fund a planned 16,000-metre diamond core drilling program at the company's 67.5%-owned Sunnyside project, an airborne ZTEM survey over the Sunnyside and Four Metals properties, and general working capital.
Barksdale Resources Corp on OreStocks
2. Pirate Gold Corp. (TSXV: YARR): C$13.6M brokered placement · 18% of market cap
A brokered placement for Pirate Gold Corp. closed with gross proceeds of C$13.6M at C$0.215 per security. The placement issued 61,327,000 shares, with Canaccord Genuity Corp. acting as agent. The shares have a statutory hold period expiring on February 23, 2027.
Gross proceeds from the FT Shares and Special FT Shares will be used to incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures on the Treasure Island Project on or before December 31, 2027.
Read the announcement · Pirate Gold Corp. on OreStocks
3. Independence Gold Corp. (TSXV: IGO): C$6.3M non-brokered placement · 21% of market cap
A $6,250,000 non-brokered private placement has closed for Independence Gold Corp. The offering comprised 37,522,500 flow-through common shares at $0.16 per share and 1,540,000 units at $0.16 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at $0.22 per common share for 24 months from the date of issue.
Flow-through proceeds will fund Canadian exploration expenses at properties in British Columbia, Canada, while unit proceeds will fund exploration and general and administrative expenses. The company stated that the flow-through funds fully fund its winter drill program of approximately 10,000 metres, with plans to advance the 3Ts Project over the next year.
Read the release · Independence Gold Corp. on OreStocks
4. Purecore Metals Inc. (CSE: PURE): C$3.5M non-brokered placement · 16% of market cap
A C$3.5M non-brokered placement by Purecore Metals Inc. has closed at C$1.50 per unit. Each unit includes 1 warrant with an exercise price of 2 CAD, expiring 36 months from closing.
Proceeds from HD Units are expected to fund mineral exploration, property-related expenditures and acquisitions, consulting/advisory services, and general corporate and working capital purposes including marketing and investor relations. FT proceeds will fund eligible Canadian exploration expenses qualifying as flow-through mining or critical mineral mining expenditures.
Read the announcement · Purecore Metals Inc. on OreStocks
5. Latrobe Magnesium Limited (ASX: LMG): A$3.4M rights offering · 7.0% of market cap
A$3.4M was raised by Latrobe Magnesium Limited in a completed rights offering at A$0.015 per security, with 227,659,861 shares issued. Shaw and Partners Limited was the underwriter.
The proceeds are for funding through to first magnesium crown production at the Demonstration Plant, targeted by the end of 2026.
Read the announcement · Latrobe Magnesium Limited on OreStocks
Announced, not yet closed
1. Centaurus Metals Limited (ASX: CTM): US$40.0M non-brokered placement at US$0.425 · 32% of market cap
A non-brokered placement targeting US$40.0M at US$0.425 per security was announced by Centaurus Metals Limited on 2026-10-28. The placement has not yet closed.
The money is intended to support the funding and development of the Jaguar Project and contribute towards the Project's overall funding package.
Read the announcement · Centaurus Metals Limited on OreStocks
2. Tesoro Gold Limited (ASX: TSO): A$40.0M brokered placement at A$0.73 · 29% of market cap
A brokered placement targeting A$40.0M at A$0.73 per security was announced by Tesoro Gold Limited on 2026-10-29 and has not yet closed. Morgans Corporate Limited and Canaccord Genuity (Australia) Limited are Joint Lead Managers, with Argonaut Securities Limited and Euroz Hartleys Limited as Co-Managers.
Proceeds are intended to advance El Zorro development and exploration, including Ternera engineering, permitting and DFS completion, Ternera resource expansion drilling and district-scale new-discovery exploration. Funds are also intended for general working capital, corporate and administrative expenditure and Placement costs.
Read the announcement · Tesoro Gold Limited on OreStocks
3. Battery Mineral Resources Corp. (TSXV: BMR): C$17.0M non-brokered placement at C$0.20 · 23% of market cap
A non-brokered placement targeting C$17.0M at C$0.20 per security was announced by Battery Mineral Resources Corp. on 2026-10-28 and has not yet closed. The hold period is four months and one day from the applicable closing date.
The proceeds are intended to support ongoing operations and development activities at its Punitaqui copper mining complex in Chile, for working capital, and for general corporate purposes.
Battery Mineral Resources Corp. on OreStocks
4. Silver Hammer Mining Corp (CSE: HAMR): C$10.0M brokered placement · 119% of market cap
A brokered placement targeting C$10.0M was announced by Silver Hammer Mining Corp on 2026-10-26 and has not yet closed. Red Cloud Securities Inc. is the Lead Agent and sole bookrunner.
The brokered placement remains announced and not yet closed.
Silver Hammer Mining Corp on OreStocks
5. Yandal Resources Limited (ASX: YRL): A$10.0M placement at A$0.075 · 33% of market cap
An A$10.0M placement at A$0.075 per security has been announced by Yandal Resources Limited and has not yet closed. Canaccord Genuity (Australia) Limited and Stralis Capital Partners Pty Limited are the Joint Lead Managers.
Proceeds from the Placement and SPP will be used for Arrakis air-core, RC and diamond drilling programs; regional soil, gravity and air-core target generation programs; selective drilling at Flushing Meadows, the New England Granite/Siona discovery and Mt McClure; and working capital and costs associated with the capital raising. The placement was announced on 2026-10-30.
Read the announcement · Yandal Resources Limited on OreStocks
Terms, agents and documents for every financing are in the capital terminal. Figures are the companies' own and this is general information, not investment advice.