Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Financings Routine +

Scottie Resources Announces Brokered Private Placement for Up to $10 Million and Provides Update on Non-Brokered Private Placement

Scottie upsizes $27m financing to fund a feasibility study and drill program at its gold project.

By The Northwire Desk — AI Analysis Sep 24, 2026 · 07:08 SCOT · 3.18 Scottie Resources Corp.
Executive Summary

Scottie Resources Corp. (SCOT) announced a brokered private placement of up to 3,448,275 common shares at C$2.90 per share, targeting up to C$10 million in gross proceeds. The company simultaneously amended its previously announced non-brokered private placement to C$17 million. Combined, the offerings will generate up to C$27 million in gross proceeds, or up to C$29 million if the agents' option is fully exercised.

Proceeds from the financing are designated for working capital and technical studies and permitting at the Scottie Gold Mine Project. Closing is scheduled for on or about October 7, 2026, subject to TSX Venture Exchange approval. Agent compensation includes a 6.0% cash commission and warrants exercisable at C$2.90 for 24 months.

Material Impact

Scottie Resources Corp. (SCOT) announced a financing that serves as a direct follow-up to the non-brokered placement declared on September 11, 2026. The move aligns with the company’s stated objective to fund its 2026 exploration program and advance the Feasibility Study.

The shares were priced at C$2.90, representing a modest premium to recent trading levels that have consolidated around $2.90-$3.20, indicating reasonable market acceptance. This capital raise is viewed as an expected and incremental step, providing the necessary runway to complete the Feasibility Study, which is targeted for the first half of 2027, and to execute a 52,000-metre drill program.

While the transaction introduces dilution, it is considered manageable given the company’s strong cash position of $34.1 million CAD as of May 2026 and the strategic necessity of funding the next development phase.

SCOT · Price
Company Overview

Scottie Resources Corp. (SCOT) is an exploration and development company focused on the Scottie Gold Mine Project in British Columbia's Golden Triangle. The project is a historic underground mine that operated from 1981 to 1984 and is currently in care and maintenance. The company’s strategy centers on a Direct-Ship Ore (DSO) model that utilizes ore sorting technology to eliminate the need for a conventional processing plant.

A Preliminary Economic Assessment (PEA) released in October 2025 outlines a base-case DSO scenario with an after-tax NPV(5%) of $215.8M CAD at $2,600/oz gold, and a toll-milling scenario NPV of $380.1M CAD. The company holds an inferred resource of 703,000 ounces at 6.1 g/t Au.

Recent activities include a successful 10,000-tonne bulk sample sale generating ~$9M CAD. Additionally, the company has launched a fully funded 52,000-metre 2026 drill program to expand resources ahead of a Feasibility Study.

Read the original news release →

More from Scottie Resources Corp.

Oct 14, 2026 · 07:31

Scottie’s Blueberry infill delivers high-grade mineralisation with narrow widths and no true width disclosure.

Drill Results Oct 09, 2026 · 18:11

Scottie Resources closed a $21.4 million placement to fund permitting for its Scottie Gold Mine project.

Financings Sep 11, 2026 · 07:05

Scottie raises $27m to fund its 2026 drill campaign and feasibility study for the project.

Financings Sep 09, 2026 · 07:31

Scottie’s first 2026 Blueberry assays confirm grades but fall short of the high-grade widths seen in 2025 hero holes.

Drill Results Aug 18, 2026 · 07:31

Scottie continues its 50,000-metre drill program at the project, with a feasibility study targeted for the first half of 2027.

Drill Results Jul 23, 2026 · 08:01

Scottie reaches a 10km milestone in its 50km drill program, with no new assays or news released in an aggressive exploration market.

Drill Results