Northwire Canada EditionTuesday, July 28, 2026
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LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Financings

TomaGold Announces Closing of Oversubscribed Flow-Through Private Placement, New Private Placement and Grant of Stock Options

TomaGold Leverages High-Grade Discovery to Rebuild Balance Sheet and Fuel 2026 Exploration

By The Northwire Desk — AI Analysis Dec 31, 2025 · 17:49 LOT · 0.055 TomaGold Corporation
Executive Summary

The most recent news release dated December 31, 2025, confirms that TomaGold has closed an oversubscribed flow-through (FT) private placement, raising $348,075.45 at $0.065 per share. Simultaneously, the company announced a new non-flow-through placement to raise $150,000 at $0.055 per unit and granted 9,750,000 stock options to insiders at an exercise price of $0.065. This news follows a pivotal December where the company received a $1,000,000 non-dilutive cash payment (Dec 19) and reported significant drill results from the Berrigan project (Dec 22), including 6.68% ZnEq over 48.05 metres.

Material Impact
  • Financial De-risking: The oversubscription of the FT financing at $0.065—a 225% premium to the $0.02 price seen in late 2024—indicates strong market support following the Berrigan discovery. Combined with the $1.0M cash payment from IAMGOLD/Northern Superior, the company's liquidity has improved significantly.
  • Cost of Capital Improvement: The company is now raising funds at higher valuations, reducing the dilutive impact on existing shareholders compared to the massive share issuances used for debt settlement in late 2024.
  • Operational Momentum: The funds are specifically earmarked for critical mineral mining expenditures, ensuring the Phase 2 drilling and EM surveys at Berrigan and Obalski are funded for early 2026.
  • Insider Alignment: The grant of nearly 10 million options at $0.065 suggests management is focused on defending this new price floor, though the size of the grant is substantial relative to the total share count.
LOT · Price
Company Overview

TomaGold Corporation is a Quebec-based explorer focused on the Chibougamau mining camp. - Flagship Project: The Chibougamau Portfolio, which includes the 100%-owned Obalski project and multiple properties under option from SOQUEM and Chibougamau Independent Mines (Berrigan, Radar, David, etc.). - Berrigan Project: Recent drilling confirmed a high-grade gold-bearing polymetallic vein system with wide intercepts of zinc, silver, and gold. - Obalski Project: A former producer with high-grade copper-gold potential (e.g., 17.4% Cu over 0.4m in 2023 drilling).

Read the original news release →

More from TomaGold Corporation

Jul 16, 2026 · 07:30

TomaGold confirms lateral continuity at Berrigan Deep, though grade-thickness remains a fraction of earlier high-grade intercepts.

Drill Results Jun 30, 2026 · 07:30

TomaGold Continues to Expand Berrigan Mine at Depth with a New Major 204.25 m Intersection in the Berrigan Deep Zone

Drill Results Jun 23, 2026 · 07:30

TomaGold advances deep exploration at Berrigan with an AMT survey as phase two assay results approach.

Drill Results May 29, 2026 · 07:30

Berrigan Deep Discovery Confirmed, Phase 2 Drilling Underway Amidst Financing Dilution

Drill Results May 28, 2026 · 07:30

TomaGold Consolidates Chibougamau Camp While Assay Results Await to Validate Deep Zone Potential

Drill Results Apr 15, 2026 · 07:15

TomaGold Raises Capital to Fund Berrigan Deep Discovery Momentum Amidst Dilution Concerns

Financings