Northwire Canada EditionTuesday, September 29, 2026
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GOLD 4196.20 +0.7% SILVER 61.55 −0.3% COPPER 6.65 +0.2% OIL 91.31 −1.4% PALLADIUM 1218.75 −0.3% MASS 0.045 +0.0% CGD 1.54 +1.3% CRB 0.040 +0.0% BYN 1.93 +0.5% LITH 0.365 −11.0% CMIL 0.055 −8.3% LEAP 0.070 +7.7% GMX 2.20 −3.1% VCT 0.035 +0.0% AVL 7.15 −2.0% BMR 0.180 +5.9% SLR 0.800 −2.4% RUA 1.35 +0.0% MTT 0.300 +5.3% SALT 1.48 −1.3% NAU 1.10 +0.0% GOLD 4196.20 +0.7% SILVER 61.55 −0.3% COPPER 6.65 +0.2% OIL 91.31 −1.4% PALLADIUM 1218.75 −0.3% MASS 0.045 +0.0% CGD 1.54 +1.3% CRB 0.040 +0.0% BYN 1.93 +0.5% LITH 0.365 −11.0% CMIL 0.055 −8.3% LEAP 0.070 +7.7% GMX 2.20 −3.1% VCT 0.035 +0.0% AVL 7.15 −2.0% BMR 0.180 +5.9% SLR 0.800 −2.4% RUA 1.35 +0.0% MTT 0.300 +5.3% SALT 1.48 −1.3% NAU 1.10 +0.0%
Financings Routine +

Banyan Announces Franco-Nevada Subscription for 10 Million Shares in Previously Announced Financing

Franco-Nevada backs $58M Banyan financing, validating AurMac project momentum.

By The Northwire Desk — AI Analysis Sep 24, 2026 · 16:13 BYN · 1.91 Banyan Gold Corp.
Executive Summary

Franco-Nevada Corporation subscribed to 10,000,000 shares in the previously announced $58 million private placement. The subscription was split into 8,250,000 shares in the best efforts offering and 1,750,000 shares in the concurrent non-brokered offering. All terms remain unchanged from the initial September 20, 2026 announcement. Shares from the best efforts offering have no hold period, while concurrent offering shares carry a statutory hold period of four months and one day. Proceeds will fund the advancement of Yukon projects and general corporate/working capital.

Material Impact

Franco-Nevada’s subscription validates the quality of the AurMac project and Banyan Gold Corp.’s exploration strategy. This follows the September 20 financing announcement, which the market had already priced in. The inclusion of a top-tier royalty company serves as a positive signal but does not constitute a new, unexpected catalyst.

The transaction involves the issuance of 10 million shares at $2.00 per share, representing incremental dilution. Despite this, the company remains well-funded through 2027. The news is routine in nature, confirming the execution of a previously disclosed transaction rather than introducing new operational or financial surprises.

BYN · Price
Company Overview

Banyan Gold Corp. is an exploration-stage company focused on the AurMac Project in the Yukon, Canada. The flagship AurMac Project contains an Indicated Mineral Resource of 3.64 million ounces of gold at 0.68 g/t and an Inferred Resource of 4.98 million ounces at 0.58 g/t, effective May 15, 2026. The company controls a contiguous 720 square kilometer land package, with over 95% remaining untested by drilling.

Additional assets include the Hyland Gold Project, which holds 337 koz Au and 2.63 moz Ag in the Indicated category, and the Nitra Project, which is undergoing grassroots exploration targeting Reduced Intrusion-Related Gold Systems. The company is advancing toward a maiden PEA, with ongoing metallurgical, geotechnical, and environmental studies.

Read the original news release →

More from Banyan Gold Corp.

Sep 29, 2026 · 09:05

Banyan raises $54.3 million at $2.00 per share, with Franco-Nevada acquiring 10 million shares in the transaction.

Financings Sep 20, 2026 · 18:05

Banyan raised $58 million at $2.00 per share to fund drilling and a preliminary economic assessment for its Yukon Explorer project through 2027.

Financings Sep 17, 2026 · 06:00

Banyan’s margin drilling confirms bulk-tonnage RIRG gold above 0.30 g/t but lacks scale to re-rate the deposit.

Drill Results Aug 25, 2026 · 06:00

Banyan’s first Seattle Creek assays show 0.5m at 5.7 g/t Au in a single partial hole.

Drill Results Aug 17, 2026 · 06:00

Banyan reports high-grade step-out drilling into the undrilled Airstrip-Powerline gap at its project.

Drill Results Jul 28, 2026 · 06:00

Banyan’s first hole at the Nitra target returned five metres grading 1.62 grams per tonne of gold with true width unknown.

Drill Results