Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Financings

BOREALIS ANNOUNCES $20 MILLION BOUGHT DEAL FINANCING

Borealis Secures $20 Million War Chest to Fuel Nevada Production Pivot as High-Grade Dreams Meet Execution Reality

By The Northwire Desk — AI Analysis Jan 05, 2026 · 16:39 BOGO · 1.65 Borealis Mining Company Limited
Executive Summary
  • On January 5, 2026, Borealis announced a $20 million CAD bought deal private placement at $1.50 per share.
  • The offering is led by Stifel Canada and involves the issuance of 13,340,000 common shares with no warrants attached to the units, though agent warrants were issued.
  • Use of proceeds is designated for advancing Nevada gold projects and general working capital.
  • This follows the December 23, 2025, quarterly report showing the company generated US$1.54 million in revenue from initial stockpile processing and a decision to restart open-pit mining and blasting in early 2026.
  • The company is currently transitioning from processing historical stockpiles to full-scale mining operations.
Material Impact
  • Capital Infusion: The $20 million raise is significant relative to the company’s recent cash balance of US$8.18 million (as of Oct 31, 2025). It provides the necessary liquidity to fund the mobilization of contractors and equipment for the Q1 2026 mine restart.
  • Valuation and Dilution: The financing price of $1.50 represents an 11.7% discount to the last trading price of $1.70. While dilutive (adding approximately 10% to the share count), the "bought deal" status indicates strong institutional support and de-risks the company's ability to execute its 2026 restart plan.
  • Operational De-risking: By securing these funds, the company moves from a "bootstrap" revenue model (processing stockpiles) to a fully funded restart of primary mining operations.
BOGO · Price
Company Overview
  • Flagship Project: The Borealis Mine in Hawthorne, Nevada. It is a fully permitted, built mine with an existing ADR (Adsorption, Desorption, and Recovery) facility.
  • Secondary Assets: The Sandman Project (acquired March 2025) and the Big Balds Project.
  • Strategy: Utilizing existing infrastructure to generate near-term cash flow from stockpiles while preparing for a full restart of open-pit mining. The company aims to leverage its 100%-owned ADR facility to process ore from both Borealis and potentially Sandman.
Read the original news release →

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Nov 10, 2026 · 07:31

Borealis reports a 40% quarterly revenue decline as cash burn continues ahead of a six-fold production ramp-up in fiscal 2027.

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Borealis issues its first full year 2027 production guidance of 15,000 to 19,000 ounces, omitting cost, grade and capital expenditure details.

Production / Operations Jun 23, 2026 · 07:01

Borealis reports record revenue from operational ramp-up, though stock weakness and future capital needs temper near-term upside.

Other Jun 10, 2026 · 07:01

Borealis advances its Sandman drill program while the metal’s price downtrend tests the $0.93 support level.

Drill Results Apr 13, 2026 · 07:01

Sandman Engineering Kickoff Confirms Execution Plan, But Funding Gap Looms for Construction

Production / Operations Apr 02, 2026 · 17:59

Borealis Files NI 43-101 Technical Report for the Sandman Gold Project

Technical Study