Northwire Canada EditionFriday, October 30, 2026
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Gold 4,033.10 +0.0% Silver 52.06 −0.3% Copper 6.58 −0.2% Oil 102.80 +0.8% Palladium 1,002.00 +0.3% ONAU 0.530 −1.9% WMS 0.075 +0.0% CAD 2.34 −2.5% NGEX 21.53 −1.3% CG 28.52 −3.7% PPX 0.220 −8.3% CS 11.77 −2.1% EMO 0.295 +0.0% IPT 0.225 +0.0% TECK 89.22 +1.3% SLG 5.95 +0.8% FT 0.095 +2.7% SGQ 0.330 +6.5% AUAU 0.440 +6.0% FVL 0.830 −2.4% AYA 34.15 −3.3% Gold 4,033.10 +0.0% Silver 52.06 −0.3% Copper 6.58 −0.2% Oil 102.80 +0.8% Palladium 1,002.00 +0.3% ONAU 0.530 −1.9% WMS 0.075 +0.0% CAD 2.34 −2.5% NGEX 21.53 −1.3% CG 28.52 −3.7% PPX 0.220 −8.3% CS 11.77 −2.1% EMO 0.295 +0.0% IPT 0.225 +0.0% TECK 89.22 +1.3% SLG 5.95 +0.8% FT 0.095 +2.7% SGQ 0.330 +6.5% AUAU 0.440 +6.0% FVL 0.830 −2.4% AYA 34.15 −3.3%
Financings Routine +

Storm Further Upsizes Private Placement to $3.2M

Storm upsizes financing to $3.2m to fund its Gold Standard drilling program.

By The Northwire Desk — AI Analysis Sep 04, 2026 · 07:00 STRM · 0.495 Storm Exploration Inc.
Executive Summary

Storm Exploration Inc. has increased the size of its previously announced non-brokered private placement from $2.7 million to $3.2 million. The offering now consists of up to 8,000,000 units priced at $0.40 per unit. All terms remain unchanged from the August 26 and September 2 announcements. The upsizing reflects continued investor demand and remains subject to TSX Venture Exchange approval.

Material Impact

Storm Exploration Inc. (STRM) announced the latest financing step as a direct execution of the August 26 financing led by Eric Sprott and the subsequent September 2 upsizing. The transaction does not introduce new strategic developments, change the purpose of the capital raise, or alter the company’s valuation. The $0.40 unit price remains consistent with prior tranches.

The additional $0.5 million extends the working capital runway for the planned 3,000m drilling program at the Gold Standard project. While the move supports treasury management, it is an expected follow-up to previous rounds. The market has already absorbed the Sprott backing and initial upsizing, limiting any incremental price impact.

STRM · Price
Company Overview

Storm Exploration Inc. (STRM) is a pre-revenue mineral exploration company focused on three 100% owned projects in Northwestern Ontario: Gold Standard, Keezhik, and Attwood.

The company’s flagship Gold Standard Project covers 7,636 hectares and features a 5-kilometre-long Volcanogenic Massive Sulphide (VMS) conductivity anomaly identified by VTEM surveys. Historical Inco drilling intersected sulphides, and 2022 surface sampling returned high-grade gold, silver, and copper assays. The company is preparing to drill the untested conductor.

The Keezhik Project hosts high-grade gold showings with historical assays up to 18.9 g/t Au. The Attwood Project consists of a large land package with base metal potential and untested EM anomalies.

Read the original news release →

More from Storm Exploration Inc.

Sep 23, 2026 · 07:00

Storm identifies a visual sulphide VMS system at its project, with assay results expected in the first quarter of 2027.

Drill Results Sep 16, 2026 · 07:00

Storm Exploration drilled the first hole at the Gold Standard VMS target, marking the start of exploration at the deposit.

Drill Results Sep 14, 2026 · 22:00

Storm secures $3.2m for its Ontario drill program, with Sprott doubling down by investing $2m into the project.

Financings Sep 02, 2026 · 11:42

Storm upsized its $2.7 million financing to $0.40 per share as its drill program nears completion.

Financings Aug 26, 2026 · 06:00

Storm secures a $2 million cornerstone investment from Sprott to fund imminent drilling at its Gold Standard VMS project.

Financings Aug 19, 2026 · 09:55

Storm secured funding and a drill permit to conduct Q3 VMS testing at its Gold Standard project.

Drill Results