Northwire Canada EditionFriday, November 13, 2026
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Financings

San Lorenzo increases placement to $6-million

Two-Fold Financing Upsize Signals Heavy Demand as San Lorenzo Targets Massive Chilean Porphyry System

By The Northwire Desk — AI Analysis Dec 29, 2025 · 16:54 SLG · 0.82 San Lorenzo Gold Corp.
Executive Summary

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.

Material Impact
  • 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.
SLG · Price
Company Overview

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.

Read the original news release →

More from San Lorenzo Gold Corp.

Nov 12, 2026 · 07:15

San Lorenzo’s drill update focused on process rather than proof, providing no new assay data or tonnage figures for its projects.

Drill Results Nov 10, 2026 · 13:46

San Lorenzo closed a C$80m private placement at C$5.30 per share, resulting in a 12% dilution with no warrants or new geology.

Financings Oct 29, 2026 · 12:24

San Lorenzo broadens its investor base for an $80 million financing round for its Chile gold project.

Financings Oct 16, 2026 · 06:44

San Lorenzo raised $40 million at $5.30 per share warrant-free to fund its Salvadora project.

Financings Sep 17, 2026 · 07:01

San Lorenzo identified a new 2km gold corridor expanding the San Juan target footprint at its Salvadora project.

Drill Results Aug 04, 2026 · 09:01

San Lorenzo appointed Brandon Gaspar as CEO while expanding the Arco de Oro target with a 1.2 km IP chargeability anomaly.

Drill Results