Mink Ventures Corporation Launches $750,000 Non-Brokered Private Placement Financing with CMETC Flow-Through and Hard Dollar Units
Mink raises $750,000 to fund drilling at its Timmins critical minerals project.
Mink Ventures Corporation announced a non-brokered private placement for up to $750,000 in gross proceeds. The offering consists of Hard Dollar (HD) Units priced at $0.08 and Flow-Through (FT) Units priced at $0.105. Each unit includes one common share purchase warrant exercisable at $0.16 per share for a 36-month term.
Proceeds will fund exploration, drilling, and advancement of the Montcalm, Warren, and newly optioned Rankin critical minerals projects in the Timmins Camp, alongside general working capital. Closing is expected on or around November 17, 2026, subject to TSX Venture Exchange approval and customary conditions.
The announcement is not an earnings release and includes no new results to assess. Prior-period context indicates a Q1 2026 net loss of $250,795 driven by exploration and evaluation expenses.
Mink Ventures Corporation (MINK) has secured financing to fund its planned fall and winter drill programs at the Rankin, Warren, and Montcalm properties. The capital raise aligns with management’s stated need to fund exploration and working capital, as outlined in the Q1 2026 MD&A.
The placement price of $0.08 to $0.105 trades slightly above the recent market price of $0.07, indicating a modest premium over current low trading levels. Dilution is estimated to add approximately 7.1 million to 9.4 million shares, depending on the hybrid debt/financing (HD/FT) mix, against a share count of approximately 33.6 million. The company remains in the pre-resource exploration phase.
Mink Ventures Corporation is a critical minerals exploration company focused on nickel, copper, and cobalt in the Timmins mining camp, Ontario. Its flagship projects include the 104 km² Montcalm property, which is adjacent to the historic Glencore Montcalm mine, the 11.3 km² Warren property, and the newly optioned 86-hectare Rankin property. The company utilizes VTEM airborne surveys and Maxwell Plate imaging technology to identify and target massive sulphide deposits. Management is led by President & CEO Natasha Dixon and SVP Exploration Kevin Filo, P.Geo.