Northwire Canada EditionSaturday, October 31, 2026
Northwire
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings Routine +

Tartisan closes second tranche of FT financing

Tartisan Secures Capital at Premium Despite Recent Price Correction

Executive Summary
  • Tartisan Nickel Corp. closed the second tranche of its flow-through financing on May 13, 2026.
  • Gross proceeds raised were $600,000 CAD at a price of $0.32 per share.
  • Proceeds are designated for exploration and development activities at the Kenbridge nickel-copper-cobalt project in Northwestern Ontario.
  • The transaction included a 6% cash commission and 6% broker warrants (112,500 warrants expiring one year from transaction).
  • CEO Mark Appleby stated they will advance their spring work program at Kenbridge shortly following the close.
  • This follows a first tranche of $500,000 closed in April 2026 at $0.38 per share and an initial $1M financing in March 2026 at $0.38 per share.
Material Impact
  • The financing is priced at a premium ($0.32) relative to the recent market close ($0.27 on May 12), indicating strong investor confidence or demand for flow-through tax benefits despite the stock's correction from January highs.
  • While positive, the size of $600,000 is incremental compared to the total capital raised in late 2025 and early 2026 (over $4M CAD combined). It does not fundamentally alter the company's trajectory but sustains operations.
  • The consistent ability to close financings at varying price points ($0.115, $0.20, $0.24, $0.38, $0.32) demonstrates management's execution capability in a volatile junior mining market.
  • No strategic investors (e.g., Sprott, Lundin) were identified in this specific release; the capital comes from general flow-through subscribers.
  • The dilution impact is moderate but cumulative given the frequency of financings over the past 6 months.
TN · Price
Company Overview
  • Flagship Project: Kenbridge Nickel-Copper-Cobalt Project located in Sioux Narrows, Northwestern Ontario (Kenora Mining District).
  • Infrastructure: Existing shaft depth of 622 meters (2,042 ft) with level stations at 150-ft intervals. All-season access available.
  • Exploration Status: Phase 1 drilling program (~3,600m planned) is underway to convert resources and test extensions below the existing shaft.
  • Other Assets: Sill Lake Silver Project (re-activated with historic resource of ~458k oz Ag) and Turtle Pond claims (expanded to 165 units/3,454 ha).
Read the original news release →

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