Pacific Empire Closes Second Tranche of Private Placement and Announces Arrival of Omineca Drilling at Trident
Executive Summary
- Pacific Empire Minerals Corp. closed the second and final tranche of its non‑brokered private placement, raising C$140,702 and bringing total proceeds to C$1,526,991.95.
- The company announced that Omineca Drilling Ltd. has arrived on site and will begin a fully permitted 2025 diamond drill program at the Trident Copper‑Gold Project, targeting five holes (~2,500 m) on previously undrilled porphyry and breccia targets.
- Proceeds from the financing will fund the Trident exploration program and general working capital, positioning the company for a potentially transformational discovery.
Key Details
- Financing Structure
- Issued 22,999,770 Hard Dollar Units at C$0.035 per unit.
- Issued 18,050,000 Flow‑Through Units at C$0.04 per unit.
- Each Hard Dollar Unit: one common share + one warrant (exercise C$0.05, 2‑year term).
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Each Flow‑Through Unit: one flow‑through common share + one warrant (exercise C$0.06, 2‑year term).
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Gross Proceeds – C$140,702 for the final tranche; total raised to date C$1,526,991.95.
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Finder’s Fees – Cash C$56,611.94 plus 1,539,984 finder warrants paid to Haywood Securities Inc., Canaccord Genuity Corp., Research Capital Corp., and Raymond James Ltd.
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Use of Proceeds – Fund exploration activities at the Trident project and provide general working capital.
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Drill Program Details
- Commencement date: October 15, 2025 (arrival of Omineca Drilling Ltd.).
- Permit status: Fully permitted 2025 program.
- Scope: Five drill holes totaling ~2,500 m.
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Targets: Porphyry and breccia zones along the Hogem Plutonic Suite–Chuchi Lake volcanic contact – previously undrilled despite extensive historic work.
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Historical Context – Nearly 80 historic holes exist south of the creek; the northern targets have never been tested due to access constraints now resolved via a Multi‑Year Area‑Based Exploration Permit.
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Strategic Rationale – Aligns with rising global copper demand and scarcity of large new discoveries; Trident offers copper‑gold‑silver potential in a mining‑friendly jurisdiction.
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Qualified Person – Kristian Whitehead, P.Geo., reviewed and approved the technical information per NI 43‑101.
Notable Quotes
“With Omineca Drilling on site and the final tranche now closed, we are thrilled to begin the first‑ever diamond drill program on the current target area at Trident. This is a pivotal moment for Pacific Empire and our shareholders — the culmination of years of systematic work and the start of what we believe could be a transformational discovery program.” – Brad Peters, President & CEO
Materiality Assessment: Material – Positive (significant financing and commencement of a key exploration program that could materially affect future valuation).