Decade Resources Ltd. Announces Closing of $2.17 Million Flow-Through Private Placement
Decade secures $2.17m to fund exploration programs at its British Columbia projects.
Decade Resources Ltd. (DEC) closed a non-brokered flow-through private placement on November 6, 2026, issuing 14,466,668 flow-through units at $0.15 per unit to generate gross proceeds of $2,170,000. Each unit comprises one flow-through common share and one common share purchase warrant. The warrants carry an exercise price of $0.25 per share and are exercisable for two years from the date of issuance.
Finder compensation for the transaction includes $164,000 in cash and 1,093,332 non-transferable warrants exercisable at $0.15 per share for two years. The company stated that proceeds are strictly allocated to eligible Canadian exploration expenses (CEE) on British Columbia mineral properties, with renunciations of qualifying expenditures to subscribers expected by December 31, 2026. Securities carry a statutory hold period of four months and one day, expiring March 7, 2027. The transaction remains subject to final acceptance by the TSX Venture Exchange.
Decade Resources Ltd. (DEC) has closed a financing round that provides immediate, non-dilutive working capital to advance the company's active exploration programs across multiple properties. The transaction adds 14.47 million common shares and 14.47 million warrants to the capital structure.
The shares were issued at a price of $0.15, a significant premium over the $0.04 price in the November 2025 placement. This pricing reflects management's confidence in the progression of the Bonaparte and Nobody Knows projects and a more favorable market environment for flow-through financings.
The capital raise extends the company's cash runway by approximately six to nine months, reducing the immediate risk of a near-term equity raise. As a follow-up to the November 2 announcement, the market had already priced in the financing terms. The closing itself serves as an administrative milestone rather than a fundamental shift in asset value or corporate strategy.
Decade Resources Ltd. (DEC) is a junior exploration company focused on early-stage mineral properties in British Columbia. Its flagship projects include the Bonaparte porphyry copper-gold-molybdenum deposit and the Nobody Knows high-grade gold-silver-base metal boulders.
The Bonaparte project comprises 5,549 hectares located approximately 50 km north of Kamloops. Drilling has intersected a textbook porphyry alteration sequence, ranging from propylitic to potassic to mineralized feldspar porphyry. A 3 x 4 km induced polarization (IP) chargeability anomaly remains largely untested at depth.
The Nobody Knows project is located in the Terrace area. Recent boulder sampling returned up to 79.12 g/t Au and 927 g/t Ag. A Class A VLF conductor coincident with a 165-meter soil geochemical anomaly has been identified as a primary target for 2027.
The company also holds interests in other properties, including Del Norte (55% interest, high-grade Ag-Au), North Mitchell (70% interest, 116.9 g/t Au grab samples), Red Cliff (65% interest), and Lord Nelson (earn-in). The company is in the exploration phase with no mineral resources or reserves reported.