Golden Minerals Company (AUMN.TO) has closed a private placement equity financing with Streamline Metals Capital for gross proceeds of US$856,463, the company said on Saturday.
Golden Minerals sold 3.7 million of its common shares to Streamline Metals at a price of $0.229 per share.
Net proceeds will be used for working capital purposes; to advance joint venture processes in relation to Golden Minerals' Sand Canyon project in Nevada and Sarita/Desierto project in Argentina; to evaluate new project opportunities, including in Bolivia; and for other general working capital and corporate purposes.
Streamline Metals now holds about 19.9% of Golden Minerals' issued and outstanding common shares.
Streamline is backed by Nolan Watson, a mining executive and investor who founded Sandstorm Gold and served as its president and chief executive officer. Sandstorm was acquired by Royal Gold in 2025.