Northwire Canada EditionMonday, August 3, 2026
Northwire
SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% NCF 0.295 +0.0% S 0.140 +0.0% BNKR 4.40 +0.0% QRO 0.045 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% NCF 0.295 +0.0% S 0.140 +0.0% BNKR 4.40 +0.0% QRO 0.045 +0.0%
Drill Results

Pacific Empire arranges private placement

PEMC · Price

Executive Summary

  • Pacific Empire Minerals Corp. announced a non‑brokered private placement of up to 30 million units (15 M hard‑dollar units at $0.035 and 15 M flow‑through units at $0.04) targeting gross proceeds of up to $1.125 million.
  • Proceeds will fund a 2025 diamond‑drill program on the Trident copper‑gold‑silver porphyry project, comprising five holes (~2,500 m total) that will test previously inaccessible northern targets for the first time.
  • The offering is expected to close around Oct. 10, 2025, subject to TSX Venture Exchange approval and other required consents.

Key Details

  • Hard‑Dollar Units: Up to 15 M units @ $0.035 per unit → up to $525,000 gross proceeds. Each unit = 1 common share + 1 transferable warrant (exercise price $0.05, 2‑year term).
  • Flow‑Through Units: Up to 15 M FT units @ $0.04 per unit → up to $600,000 gross proceeds. Each FT unit = 1 flow‑through common share + 1 transferable warrant (exercise price $0.06, 2‑year term).
  • Use of Proceeds: Diamond drilling on Trident flagship project and general working purposes.
  • Closing Date: Expected on or about Oct. 10, 2025, pending TSX Venture Exchange approval and other required consents.
  • Drill Program Overview:
  • Total of five holes, ~500 m each (≈2,500 m total).
  • Targets: 1 porphyry confirmation hole at historic “A zone”, 2 porphyry discovery holes, 2 breccia discovery holes.
  • Historical Context: Nearly 80 drill holes have been completed on Trident since the 1970s, but none have tested the northern porphyry/breccia targets due to creek‑crossing access issues. A newly granted multiyear area‑based exploration permit now enables first‑time testing of these targets.
  • Strategic Rationale: The program aims to capitalize on global copper demand growth and the scarcity of large‑scale discoveries, positioning Trident as a potential gold‑enriched copper porphyry deposit in a mining‑friendly jurisdiction (British Columbia).
  • Management Comment: Brad Peters, President & CEO, highlighted that “every investor dreams of being there at the start of a discovery – and at Pacific Empire, that moment is right now.”

Notable Quotes

“For decades, a single creek has prevented companies from drilling an important part of Trident. With our new permit in place, Pacific Empire will be the first to test this area… Every investor dreams of being there at the start of a discovery – and at Pacific Empire, that moment is right now.” — Brad Peters, President & CEO


Materiality Assessment: Material – Positive (significant financing coupled with a strategic drill program targeting a high‑potential copper‑gold‑silver porphyry system).

Read the original news release →

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