Metals Creek Resources Corp. Files for Approval of $800,000 Flow-Through Private Placement
Metals Creek files an $800,000 flow-through placement to fund drilling at its Ontario gold project.
Metals Creek Resources Corp. filed documents with the TSX Venture Exchange on November 4, 2026, seeking final approval for a non-brokered flow-through private placement. The offering targets aggregate gross proceeds of $800,020 through the issuance of 20,000,500 flow-through common shares at $0.04 per share.
Proceeds are designated for exploration on the company's Ontario properties, specifically the Ogden Gold Project, to qualify as Canadian Exploration Expenses under the Income Tax Act. The transaction includes $56,001.40 in cash finder's fees and the issuance of 1,400,035 non-transferable broker warrants exercisable at $0.05 per share for 24 months. All securities are subject to a four-month hold period and require final TSXV approval.
Metals Creek Resources Corp. (MEK) has executed a capital raise consistent with its historical pattern of securing equity to fund exploration and meet flow-through expenditure obligations. The offering was priced at $0.04 per share, a level that aligns with the company’s recent trading range and minimizes immediate dilution shock relative to market value.
The capital injection directly supports the planned drilling program at the Ogden Gold Project, where recent assays returned high-grade intercepts including 115.51 g/t Au over 9.85m. The issuance of broker warrants adds to the existing overhang but is standard for non-brokered placements. This financing extends the company's operational runway without altering the fundamental exploration thesis or project status.
Metals Creek Resources Corp. (MEK) is a junior exploration company focused on gold, natural white hydrogen, helium, and rare earth elements. Its flagship Ogden Gold Project is located in the Timmins Gold Camp, Ontario, on the Porcupine-Destor Fault. The project is a 50/50 joint venture with Discovery Silver Corp., with Metals Creek serving as the operator.
The company also holds early-stage hydrogen and helium projects in Newfoundland, specifically the Smoking Gun and Parson's Pond properties, which were acquired jointly with Benton Resources. Additionally, the Yellow Fox property in Newfoundland, which has been optioned to Lomiko Metals, shows anomalous rare earth element soil assays. Metals Creek divested the Tillex Copper Project to Aruma Resources Ltd. in early 2026.