Doubleview Announces Closing of Final Tranche of Oversubscribed Flow-Through Private Placement

Doubleview Gold Corp. (DBG) closed the second and final tranche of its flow-through private placement on November 11, 2026. The final tranche raised $500,000 by issuing 27,273 flow-through units at $2.20 per unit. Total gross proceeds from the entire offering now stand at $3,735,000, following an upsizing from the initial $3.2 million target announced on November 2, 2026.

Proceeds are designated for eligible Canadian exploration expenses (CEE) on the Hat polymetallic project in British Columbia. Each unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant. Warrant terms include an exercise price of $3.00, expiring two years from issuance on November 5, 2028. Securities are subject to a statutory hold period of four months and one day, expiring March 11, 2027. Finder's fees included $25,000 in cash and 11,000 non-transferable warrants at $3.00 exercise price.

Doubleview Gold Corp. (DBG) has closed the final tranche of its financing plan, a move that provides immediate liquidity for the company’s exploration activities. The offering was upsized from $3.2 million to $3.7 million, a decision that reflects strong investor appetite for the Hat project's critical mineral profile, particularly its exposure to scandium and cobalt.

The capital injection extends the company's cash runway, supporting the ongoing 2026 drilling program and metallurgical testing required for the Pre-Feasibility Study (PFS). The financing is dilutive, adding approximately 27,273 new shares and 13,636 warrants to the capital structure, but the proceeds are necessary to fund the exploration phase without incurring debt. The news aligns with the company's stated need to raise capital to cover a projected funding shortfall for the next 12 months, as noted in the Q2 2026 MD&A.

Doubleview Gold Corp. (DBG) is an exploration-stage company focused on its 100%-owned Hat polymetallic project in northwestern British Columbia. The project hosts a copper-gold-cobalt-scandium porphyry system.

An updated Mineral Resource Estimate effective February 2026 reports 609 million tonnes of Measured and Indicated resources at 0.43% CuEq. This resource base contains 2.42 billion pounds of copper, 3.22 million ounces of gold, 80.1 million pounds of cobalt, and 2,415 tonnes of scandium oxide.

A Preliminary Economic Assessment outlines a 25-year mine life with an after-tax NPV(5%) of $6.73 billion at consensus metal prices and an IRR of 19%. The company is advancing metallurgical testing, environmental baseline studies, and engineering work to support a Pre-Feasibility Study.