Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Financings

Lux Metals closes $3.75M first tranche of financing

By The Northwire Desk — AI Analysis Jan 27, 2026 · 13:33 LXM · 0.26 Lux Metals Corp.
LXM · Price

Executive Summary

  • Lux Metals Corp. closed the first tranche of its non‑brokered private placement, issuing 18.75 million units at $0.20 per unit for total gross proceeds of $3.75 million.
  • Each unit includes one common share and one transferable warrant (exercisable at $0.40 per share until Jan. 26 2028).
  • Proceeds are earmarked for exploration expenses and general working capital; the company also paid $119,840 in finder’s fees and issued 599,200 finder warrants.

Key Details

  • Units Issued: 18,750,000 units @ $0.20 per unit → $3,750,000 gross proceeds.
  • Unit Composition: 1 common share + 1 transferable share purchase warrant (exercisable at $0.40/share until 26 Jan 2028).
  • Use of Proceeds: Funding exploration activities and general working capital requirements.
  • Finder’s Fees Paid: $119,840.
  • Finder Warrants Issued: 599,200 common share purchase warrants (exercisable at $0.40/share until 26 Jan 2028).
  • Regulatory Holds: All securities issued are subject to regulatory holds expiring 27 May 2026.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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Lux reports copper in a previously announced gold intersection at the project, confirming colour presence without expanding the known orebody dimensions.

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