San Lorenzo increases placement to $6-million
Two-Fold Financing Upsize Signals Heavy Demand as San Lorenzo Targets Massive Chilean Porphyry System
The most recent news release (December 29, 2025) announces a second increase to the company’s ongoing non-brokered private placement. Initially targeted at $4 million (USD/CAD values fluctuated in prior releases), it was raised to $5 million on December 15 and has now been upsized to $6 million CAD. The company recently completed a first tranche closing on December 19, raising $2,548,340.12 through the issuance of 4,110,226 units at a price of $0.62 per unit. Each unit consists of one common share and one-half warrant (exercisable at $0.80 for 24 months). The proceeds are earmarked for continued exploration at the Salvadora property in Chile and for general working capital, including the retirement of existing debt.
- Positive Liquidity Injection: The upsize from $4M to $6M indicates strong institutional or high-net-worth interest, providing the company with a significant cash buffer it lacked throughout 2024 and early 2025.
- Debt Resolution: A portion of these proceeds is critical for satisfying the $1,240,000 indebtedness to Lithium Chile Inc. The ability to pay 50% in cash and 50% in units at $0.62 allows the company to clean up its balance sheet without total cash depletion.
- Exploration Runway: The funding secures the "Phase 3" drilling and geophysical programs at Cerro Blanco and Arco de Oro. Given that the company is chasing a porphyry target 15km from the massive El Salvador mine, having a fully funded program is essential for market confidence.
- Valuation Benchmark: The financing price of $0.62 is a significant discount to the recent high of $0.94 but sits comfortably above the 2025 lows of $0.06. This establishes a firm "valuation floor" for the stock.
San Lorenzo Gold Corp. is focused on the Salvadora property in Chile, located in a prolific mega-porphyry belt. The property features two distinct styles of mineralization: - Cerro Blanco: A large porphyry gold-copper target. 2025 discovery hole SAL 01-24 yielded 153.5m of 1.04 g/t Au. - Arco de Oro: An epithermal gold system with high-grade vein intercepts, including 4.5m of 6.52 g/t Au. The property is strategically located near Codelco’s El Salvador mine, sharing similar geological characteristics.