Inventus Raises $1.3 Million Through Exercise of Warrants; McEwen Inc. Increases Ownership to 13% and CEO Participates
Inventus exercises warrants to fund Pardo maiden resource as McEwen Mining stakes rise to 13%.
Inventus Mining Corp. announced the full exercise of 10,550,000 remaining incentive warrants at $0.12 per share. The transaction generated gross proceeds of $1,266,000, with McEwen Inc. contributing $1,104,000 by exercising 9,200,000 warrants and CEO Wesley Whymark contributing $45,000 by exercising 375,000 warrants.
The exercise occurred prior to the November 6, 2026 expiry date as part of the 2025 early warrant exercise incentive program. Following the transaction, McEwen's total ownership increased to approximately 13%. Proceeds will be used to advance the 100%-owned Pardo "River of Gold" Project and strengthen the company's treasury for continued exploration.
Inventus Mining Corp. (IVS) received a $1.266 million cash infusion from warrant exercises priced at $0.12, providing necessary runway for the imminent maiden resource estimate and ongoing Phase 3 drilling. McEwen Inc. increased its stake to 13%, with CEO participation signaling continued strategic backing and aligning management and shareholder interests. This event represents a standard, pre-announced financing mechanism that extends the cash runway without altering the project's technical trajectory or valuation drivers. The market has already priced in the bulk sampling success and drilling progress, treating this financing as a routine capital management action that supports the next catalyst, the MRE release.
Inventus Mining Corp. (IVS) is a gold exploration and development company focused on the Pardo "River of Gold" Project in Ontario, Canada. The Pardo project features a shallow, flat-lying, laterally extensive paleoplacer gold system with multiple stratigraphic layers. The company employs a Direct-Ship Ore (DSO) strategy, leveraging existing regional milling infrastructure to generate early cash flow.
In August 2026, Inventus acquired the 100%-owned Golden Rose Mine, located 14 km from Pardo, adding historical high-grade gold potential and existing underground infrastructure. The company holds a 139 km² land package at Pardo and a 681 km² regional portfolio following the Golden Rose acquisition.