Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Financings Routine +

Grizzly Announces Private Placement

Grizzly Secures Capital at Premium Valuation to Fuel Critical Minerals Drilling in Greenwood District

By The Northwire Desk — AI Analysis May 13, 2026 · 09:01 GZD · 0.07 Grizzly Discoveries Inc.
Executive Summary
  • Grizzly Discoveries Inc. announced a private placement offering Units, FT Units, and CMFT Units on May 13, 2026.
  • Gross proceeds target is up to $1.08 million if fully subscribed.
  • Offering price increased significantly compared to historical rounds: $0.065 for standard units, $0.08 for Flow-Through (FT) units, and $0.09 for Critical Minerals Flow-Through (CMFT) units.
  • Proceeds are earmarked for general working capital, mineral rights acquisition, and exploration activities targeting critical minerals.
  • Warrants included in the offering have an exercise price of $0.12 per share with a 36-month expiry or earlier trigger at $0.18 VWAP.
  • This follows a series of financings throughout late 2025 and early 2026, including tranches closed in January, February, March, and April.
Material Impact
  • The financing is expected given the company's exploration stage and previous cash burn patterns; it does not constitute a game-changing event like an acquisition or major resource definition.
  • The offering price ($0.065-$0.09) represents a significant premium over historical private placement prices ($0.03), indicating management confidence in the current valuation following recent exploration success.
  • While positive for capital preservation (less dilution per dollar raised compared to previous rounds), the frequency of financings (every 2-3 months since November 2025) remains a structural risk factor.
  • The news aligns with the April 2026 drilling mobilization and sampling results, providing necessary liquidity to continue the program without immediate cash constraints.
  • No material negative surprises; the terms are standard for TSX Venture exploration companies but reflect an improved market sentiment compared to earlier rounds.
GZD · Price
Company Overview
  • Company: Grizzly Discoveries Inc., focused on base (battery) and precious metal deposits in British Columbia.
  • Flagship Project: Greenwood District, BC (~180,000 acres land package).
  • Key Targets: Sappho (Cu-Au-Ag-PGEs), Midway (Au-Ag-Cu), Motherlode, Robocop, and Copper Mountain.
  • Status: Exploration stage with active drilling and geophysics programs in 2026.
  • Management: Brian Testo (CEO) leads an experienced team with regional expertise; Qualified Person is Michael Dufresne.
Read the original news release →

More from Grizzly Discoveries Inc.

Oct 16, 2026 · 16:35

Grizzly Discoveries raises small funds for Greenwood exploration as its option agreement closes with minor dilution to existing shareholders.

Financings Sep 15, 2026 · 09:01

Grizzly Discoveries secures $2m cad to fund critical minerals drilling and land acquisitions in british columbia.

Financings Sep 08, 2026 · 09:16

Grizzly Discoveries extends high-grade Au-Ag trends at Midway and targets Sappho IP anomalies for fall drilling.

Drill Results Sep 02, 2026 · 09:01

Grizzly Discoveries identifies new porphyry targets via Motherlode IP survey ahead of a planned drilling program.

Drill Results Jul 30, 2026 · 09:01

Grizzly Discoveries reports polymetallic skarn drill results at Sappho that fail to exceed historical copper equivalent grades with opaque disclosure and modest thickness.

Drill Results Jul 06, 2026 · 09:01

Grizzly Discoveries extends its Sappho chargeability anomaly 800m east and 600m south at the Sappho project.

Drill Results