Northwire Canada EditionThursday, October 15, 2026
Northwire
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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 Neutral

Orosur Mining now has 402.19 million shares in issue

Orosur updates its share count ahead of a $14 million cadilutive placement closing on october 6.

Executive Summary

Orosur Mining Inc. disclosed on September 30, 2026, that it exercised warrants to issue 1,191,250 common shares for $114,735 USD. The company reported Total Voting Rights (TVR) at 402,196,324 shares for FCA transparency rules. This TVR figure excludes up to 43.75 million shares pending issuance from a brokered private placement announced on September 25, 2026. The placement is scheduled to close on or around October 6, 2026, raising up to $14 million CAD.

This development follows the full-year 2026 results released on September 28, which reported a net loss of $5.95 million and a cash balance of $9.95 million at May 31, 2026.

Material Impact

Orosur Mining Inc. (OMI) issued a routine corporate action and regulatory disclosure confirming the mechanical progression of warrant exercises and the imminent closing of a previously announced capital raise. The filing contains no new operational, financial, or strategic information.

The $14 million CAD placement, which resulted in approximately 43.75 million new shares, was priced into the market upon the announcements made on September 22 and 25. While prior releases noted oversubscription indicating management support, the dilution remains expected and does not alter the fundamental risk profile of a pre-revenue explorer burning cash.

OMI · Price
Company Overview

Orosur Mining Inc. is a pre-revenue mineral exploration company focused on gold, copper, and silver projects in Colombia and Argentina. Its flagship Anza Project covers 530 km² in the Mid-Cauca gold belt and includes the Pepas deposit, the Apta prospect, and the El Cedro prospect. The Pepas deposit saw its maiden MRE of 219,000 oz Au announced in Feb 2026. The Apta prospect is described as a high-grade epithermal system, while the El Cedro prospect is a porphyry system.

In Argentina, Orosur 100% owns the El Pantano project, which spans 550 km², following a $3 million JV earn-in. Drilling identified a major gold/silver epithermal system at the site. A 2% NSR royalty is retained by the vendor.

Read the original news release →

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