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Financings

Lodestar Metals Closes Third and Final Tranche of Financing

By The Northwire Desk — AI Analysis Nov 25, 2025 · 20:32 LSTR · 0.11 Lodestar Metals Corp.
LSTR · Price

Executive Summary

  • Lodestar Metals Corp. closed the third and final tranche of its non‑brokered private placement, issuing 1,678,263 units at $0.075 per unit for gross proceeds of $125,869.73.
  • The total offering now comprises 19,999,998 units for aggregate gross proceeds of $1,500,000, fully capitalizing the company for its next phase of exploration at the Goldrun Project in Nevada.
  • Units include common shares and half‑share purchase warrants exercisable at $0.12 per share for two years; resale restrictions apply until 26 March 2026.

Key Details

  • Units Issued – Third Tranche: 1,678,263 units @ $0.075/unit → $125,869.73 gross proceeds.
  • Total Offering Size: 19,999,998 units → $1,500,000 total gross proceeds.
  • Unit Composition: 1 common share + ½ share purchase warrant per unit; each full warrant allows purchase of one additional share at $0.12 for two years.
  • Warrant Acceleration Clause: Expiry date accelerates to 30 days after notice if TSXV‑listed share price ≥ $0.15 VWAP for 10 consecutive trading days.
  • Resale Restrictions: Securities from the third tranche locked until 26 Mar 2026.
  • Finder Compensation: Cash fee of $3,776.09 plus issuance of 50,348 finder warrants (exercisable at $0.12 per share for two years).
  • Use of Proceeds: Exploration and drilling on the Goldrun Project (Nevada) and general working capital.
  • Early Warning Disclosure – Andy Chow: Acquired 3,523,065 units across first and third tranches; now controls 4,189,665 shares non‑diluted (≈9.59%) and 5,951,198 diluted shares (≈13.10%).
  • Digital Marketing Agreement: Entered with InvestorHyve for three months at US$5,000 per month to boost market visibility and investor outreach; no securities issued as compensation.

Notable Quotes

“Closing this final tranche marks an important milestone for Lodestar as we advance toward our next phase of exploration at Goldrun,” – Lowell Kamin, President & CEO.
“With this financing complete, we are well‑capitalized to move forward on high‑priority targets and continue executing our disciplined exploration strategy.” – Lowell Kamin.

Read the original news release →

More from Lodestar Metals Corp.

Nov 04, 2026 · 06:46

Lodestar expands width at its C$2.6 million explorer project, adding mineralized intercepts without increasing grade.

Drill Results Oct 14, 2026 · 07:31

Lodestar Metals Intersects 15.2 m of 102.2 g/t AgEq, Including 1.5 m of 431.1 g/t AgEq, at Black Diamond, Gold Run Project, Nevada

Drill Results Oct 06, 2026 · 07:36

Lodestar’s Gomes deposit adds a second mineralized zone with 18 g·m Au, a modest and unpriced result.

Drill Results Aug 05, 2026 · 07:36

Lodestar’s Maiden Gold Run assays deliver a broad oxide intercept and high-grade gold-silver shoot, validating open pit and underground potential.

Drill Results Jun 09, 2026 · 07:36

Lodestar completes maiden gold drilling at its project, with assay results pending and an OTCQB listing in view.

Drill Results Apr 16, 2026 · 07:36

Lodestar Secures High-Grade Patent as Drilling Begins; Dilution Concerns Weigh on Shares

M&A / Property