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Mining & Metals
UraniumX Discovery Plans $500,000 Flow-Through Share Financing
UraniumX Discovery (STMN.CN) after trade Thursday said it plans to raise up to $500,000 through a non-brokered private placement of flow-through shares.The company will place up to 3.3-million of the tax-advantaged shares priced at $0.15 each.No warrants will be issued as part of the financing, although the company may increase the offering size if demand is strong, it added.The company said the funds will support its ongoing diamond drilling program at the Murphy Lake Uranium Property in northern Saskatchewan. "Pitchblende in the very first hole confirmed Murphy Lake as a live, fertile uranium system. This financing puts the drill on four more targets, 5 kilometers from IsoEnergy's Hurricane deposit," Chief Executive Esen Boldkhuu said..
$STMN.CN
Mining & Metals
Keel Infrastructure Down 8.8% After Hours as It Plans a US$350 Million Convertible Senior Notes Offering
Keel Infrastructure (KEEL.TO, KEEL) was down 8.8% in after-hours Nasdaq trade after the company on Thursday said it plans to offer US$350 million in convertible senior notes due 2032.The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Bitfarms, Keel's wholly owned subsidiary. The company also expects to grant initial purchasers an option to buy up to an additional $58 million of notes within 13 days of issuance, according to the statement.The company did not offering pricing or conversion details for the notes.The notes will be senior unsecured obligations of Keel and will pay interest semi-annually on Jan. 15 and July 15, beginning Jan. 15, 2027. Unless earlier repurchased, redeemed, or converted, the notes will mature on Jan. 15, 2032, the company added.Keel also said that, in connection with the convertible notes offering, it expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers, their affiliates, and/or other financial institutions.Part of the proceeds will be used to fund capped call transactions, with the remainder allocated to general corporate purposes, the company added.The company's shares were last seen down US$0.52 to US$5.41 after hours. They closed down C$0.36 to C$8.24 on the Toronto Stock Exchange.
$KEEL$KEEL.TO
Mining & Metals
Cantex Mine Development Begins 2026 Drill Program North Rackla, Yukon
Cantex Mine Development (CD.V) has started drilling at its 100% owned silver-lead-zinc-germanium North Rackla project in the Yukon, it said on Thursday.The program will include drilling aimed at expanding the strike length and depth extent of the silver-lead-zinc-germanium mineralization, it said.Newly discovered targets of anomalous gold and areas where prospecting has discovered high grade copper and silver-lead-zinc will be drilled on the large 14,077-hectare North Rackla property, it added.Shares of the company were last seen down 1.7% at $0.285 on the TSX Venture Exchange.Price: $0.29, Change: $-0.01, Percent Change: -1.72%
$CD.V