Doubleview Announces $3.2 Million Flow-Through Private Placement

Doubleview Gold Corp. (DBG) announced a non-brokered flow-through private placement designed to raise up to $3.2 million CAD. The offering consists of up to 1,454,545 flow-through units priced at $2.20 per unit. Each unit comprises one flow-through common share and one-half of a common share purchase warrant. The warrants are exercisable at $3.00 per share for a period of two years from issuance.

Gross proceeds are designated for eligible Canadian exploration expenses (CEE) on properties in British Columbia, specifically the Hat Project. The company intends to renounce qualifying expenditures to subscribers with an effective date of no later than December 31, 2026. Finder's fees include 5% cash commissions and 5% non-transferable finder's warrants, subject to TSX Venture Exchange approval. All securities carry a statutory hold period of four months and one day. The offering may be completed in one or more tranches and is subject to regulatory approvals.

Doubleview Gold Corp. (DBG) secured financing to address the 12-month funding shortfall identified in its August 2026 MD&A, providing liquidity for its 2026 exploration program and baseline environmental studies. The offering was priced at $2.20 per unit, a premium to the October 2026 trading range of $1.30–$1.60 and previous placements of $0.70 in November 2025 and $1.30 in December 2025. The flow-through structure provides immediate tax deductions for Canadian investors.

The capital raise adds approximately 1.45 million shares and 727,272 warrants to the capital structure. The proceeds extend the company’s cash runway, reducing the urgency for near-term dilutive financings and allowing management to focus on the Hat Project’s technical advancement and the ongoing strategic review led by Canaccord Genuity.

Doubleview Gold Corp. (DBG) is an exploration-stage company focused on the Hat Polymetallic Project in northwestern British Columbia's Golden Triangle. The flagship Hat deposit is a large-scale porphyry system hosting copper, gold, cobalt, and scandium.

The updated Mineral Resource Estimate, effective February 2026, reports 609 million tonnes of Measured and Indicated resources at 0.43% CuEq, containing 2.42 billion pounds of copper, 80 million pounds of cobalt, and 2,415 tonnes of scandium oxide.

A Preliminary Economic Assessment (PEA) outlines a 25-year mine life with an after-tax NPV(5%) of $6.73 billion to $7.27 billion at consensus metal prices, and an IRR of 19%-23%.

The company has achieved a global first in recovering high-purity scandium oxide from copper porphyry flotation tailings, with an 88% overall recovery rate. Management is advancing a Pre-Feasibility Study (PFS), though the timeline has been pushed to H1 2028 due to permitting delays and expanded metallurgical testing.