Northwire Canada EditionTuesday, September 29, 2026
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GOLD 4168.40 −3.5% SILVER 61.72 −4.8% COPPER 6.61 −2.3% OIL 92.60 +0.2% PALLADIUM 1217.00 −4.6% GIGA 0.060 −4.0% BLDS 0.300 −1.6% ECU 1.78 −0.6% CASA 0.090 +0.0% SM 1.39 −7.3% LMR 0.125 +0.0% SHL 0.472 +0.5% GGM 0.035 +0.0% FNV 348.78 −4.3% SDR 0.165 +0.0% SALT 1.50 +2.0% LITH 0.410 −2.4% BEAR 0.140 +0.0% ELEF 0.130 −3.7% CPAU 0.120 +0.0% SAGE 0.150 +0.0% GOLD 4168.40 −3.5% SILVER 61.72 −4.8% COPPER 6.61 −2.3% OIL 92.60 +0.2% PALLADIUM 1217.00 −4.6% GIGA 0.060 −4.0% BLDS 0.300 −1.6% ECU 1.78 −0.6% CASA 0.090 +0.0% SM 1.39 −7.3% LMR 0.125 +0.0% SHL 0.472 +0.5% GGM 0.035 +0.0% FNV 348.78 −4.3% SDR 0.165 +0.0% SALT 1.50 +2.0% LITH 0.410 −2.4% BEAR 0.140 +0.0% ELEF 0.130 −3.7% CPAU 0.120 +0.0% SAGE 0.150 +0.0%
Financings Routine −

Badlands Provides Update Respecting Private Placement

Badlands increased its $3 million capital placement to address liquidity concerns while navigating pending asset swap transactions.

By The Northwire Desk — AI Analysis Sep 28, 2026 · 17:05 BLDS · 0.3 Badlands Resources Inc.
Executive Summary

Badlands Resources Inc. (BLDS) increased its non-brokered private placement from 7,407,408 units to 11,111,111 units at $0.27 per unit, raising up to $3,000,000 in gross proceeds. Each unit consists of one common share and one non-transferable share purchase warrant exercisable at $0.45 for two years. The warrants include an acceleration clause allowing expiry to be shortened to 30 days if the TSXV closing price exceeds $0.65 for five consecutive trading days. All securities carry a hold period of four months and one day from the issue date.

The company stated that proceeds will be used to extinguish debt, fund the acquisition of the Goliath Property, and support general working capital. Badlands Resources reaffirms its pursuit of the Bella property sale and the Goliath Property acquisition, both pending TSXV and shareholder approvals.

Material Impact

Badlands Resources Inc. (BLDS) announced a financing initiative on June 12, 2026, scaling up its capital raise to address a critical cash shortfall. The placement was priced at $0.27 per unit, representing a slight discount to the recent trading range of $0.28 to $0.30. The proceeds are designated to extinguish debt and fund the Goliath acquisition, a move that aligns with prior guidance but underscores the company's reliance on asset monetization, specifically the Bella sale, to balance its books. The company currently holds a cash balance of $26,975 and has issued a going concern warning. No new strategic investors or additional catalysts were introduced with this announcement.

BLDS · Price
Company Overview

Badlands Resources Inc. (BLDS) is a pre-revenue exploration company focused on the Bella Project in South Dakota, located on the Homestake Gold Trend. The project features 110 km² of Banded Iron Formation with historical high-grade grab samples reaching up to 138 g/t Au. The company is also pursuing the acquisition of the Goliath Property in Northwestern Ontario.

Management includes Dale Ginn as President and Nav Dhaliwal as Executive Chair, supported by a board experienced in capital markets and mining. The company remains in the exploration stage with no revenue and relies entirely on financing and asset sales to fund operations.

Read the original news release →

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Jun 12, 2026 · 07:21

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Financings