Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Financings Routine +

Pirate Gold Announces up to $15 Million Brokered Flow-Through Private Placement

Pirate raises $15m in flow-through financing to fund drilling at its Newfoundland projects through 2027.

By The Northwire Desk — AI Analysis Oct 01, 2026 · 07:01 YARR · 0.19 Pirate Gold Corp.
Executive Summary

Pirate Gold Corp. announced a brokered flow-through private placement designed to raise up to $15 million in gross proceeds. The offering comprises flow-through common shares priced at $0.215 and special flow-through common shares priced at $0.2475. Canaccord Genuity Corp. is acting as the agent for the transaction, which includes an option to sell an additional $2.25 million.

The company intends to use the proceeds for eligible Canadian exploration expenses on the Treasure Island Project, specifically to maintain active drilling at the Moby Dick and Moosehead zones through spring 2027. The offering is expected to close around October 22, 2026, subject to TSXV approval. Pirate Gold Corp. has agreed to indemnify subscribers against Canada Revenue Agency reductions in flow-through expenditures and targets renunciation by December 31, 2026.

Material Impact

Pirate Gold Corp. (YARR) secured financing to fund its announced 50,000-meter drilling program and sustain operations into 2027. The shares were priced at $0.215 and $0.2475, trading at a premium to the recent market price of $0.19. This transaction serves as a routine follow-up to the October 2025 bought-deal financing and aligns with the company's stated capital needs to fund district-scale exploration. The capital secures the resources required to test the high-grade Moosehead gold and the district-scale Moby Dick copper-gold porphyry systems.

YARR · Price
Company Overview

Pirate Gold Corp. (YARR) is an exploration-stage company focused on its 100% owned Treasure Island Project in central Newfoundland. The project sits along the 92 km Valentine Lake Fault Zone, strategically positioned between major gold producers and projects.

The flagship project features two primary exploration targets. The Moosehead Zone is a high-grade orogenic gold system with multiple trends, including the Eastern, Western, Rib Vein, and Caribou Fault, showing significant intercepts such as 30.6 g/t Au over 1.35 m. The Crippleback Zone is a grassroots copper-gold porphyry/epithermal discovery at Moby Dick, featuring a massive advanced argillic alteration zone measuring 3.1 km by 850 m and broad copper-gold intercepts like 0.24% CuEq over 299.4 m.

The company is in the early discovery phase with no defined mineral resources or reserves.

Read the original news release →

More from Pirate Gold Corp.

Sep 02, 2026 · 06:31

Pirate’s Moby Dick step-out drill hole triples the intercepted width to 12.5 metres while halving the grade to 1.8 g/t gold.

Drill Results Aug 28, 2026 · 04:06

Pirate reports incremental high-grade Moosehead intersections while the new Caribou fault remains modest in width and grade.

Drill Results Aug 05, 2026 · 07:02

Pirate confirms district-scale copper-gold porphyry potential at Clipper Brook, located 12 km from the Moby Dick deposit.

Drill Results Jul 22, 2026 · 07:01

Pirate identified visual sulphides at Scurvy Fault, adding a new orogenic target to its portfolio without providing assay data or economic metrics.

Drill Results Jun 25, 2026 · 06:41

Pirate’s early-stage exploration extends the Moby Dick trend but lacks quantified grades to move the needle.

Drill Results Jun 17, 2026 · 19:50

Pirate’s Moby Dick discovery adds a copper-gold porphyry dimension to Newfoundland’s Treasure Island project.

Drill Results