Northwire Canada EditionMonday, September 21, 2026
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GOLD 4385.70 −0.9% SILVER 66.50 −1.0% COPPER 6.78 +1.3% OIL 92.48 −3.8% PALLADIUM 1322.00 +0.2% HVG 0.050 +0.0% MSV 0.530 +14.0% SCD 0.185 −2.6% AUAU 0.640 +0.0% MOLY 1.86 +12.7% APGO 3.14 −23.8% GENM 0.610 +0.0% CYG 0.170 +0.0% SKEL 0.130 −7.1% RUSH 0.105 −22.2% CPAU 0.110 +4.8% LEAP 0.075 +25.0% KCP 0.715 −2.0% CAPT 2.40 +3.5% CLCH 1.10 +2.8% LMS 0.245 +11.4% GOLD 4385.70 −0.9% SILVER 66.50 −1.0% COPPER 6.78 +1.3% OIL 92.48 −3.8% PALLADIUM 1322.00 +0.2% HVG 0.050 +0.0% MSV 0.530 +14.0% SCD 0.185 −2.6% AUAU 0.640 +0.0% MOLY 1.86 +12.7% APGO 3.14 −23.8% GENM 0.610 +0.0% CYG 0.170 +0.0% SKEL 0.130 −7.1% RUSH 0.105 −22.2% CPAU 0.110 +4.8% LEAP 0.075 +25.0% KCP 0.715 −2.0% CAPT 2.40 +3.5% CLCH 1.10 +2.8% LMS 0.245 +11.4%
Financings Neutral

Harvest Gold Announces Non-Brokered Private Placement To Fund 2026 Drill Program On Its Flagship Mosseau Property

Harvest Gold Raises $2.4M for Quebec Drilling Amidst Dilution Concerns

By The Northwire Desk — AI Analysis May 29, 2026 · 06:30 HVG · 0.05 Harvest Gold Corp.
Executive Summary
  • Harvest Gold Corporation announced a non-brokered private placement to raise approximately $2,400,000 in gross proceeds.
  • The offering consists of regular Units priced at $0.05 and Charity Flow-Through (CFT) Units priced at $0.069.
  • Proceeds are designated for the 2026 drilling campaign on the Mosseau property, exploration expenses, and general working capital.
  • Each unit includes one common share and one warrant exercisable at $0.09 for three years following closing.
  • CFT proceeds will be allocated to flow-through mining expenditures in Quebec projects with renunciation by December 31, 2026.
  • All securities are subject to a four-month hold period pursuant to Canadian securities laws and Exchange Hold Period.
Material Impact
  • The financing is necessary to fund the follow-up drilling program on the Mosseau property following the February 2026 discovery of high-grade gold (105 g/t Au).
  • However, the placement price ($0.05) is significantly below the July 2025 highs ($0.13) and recent trading averages, indicating dilution at depressed valuations.
  • The announcement does not introduce new geological data or strategic partnerships that would fundamentally alter the company's valuation thesis beyond funding existing plans.
  • Financing rounds of this size for junior explorers are routine but often viewed negatively by risk-averse investors due to share dilution without immediate revenue generation.
  • The use of proceeds aligns with previously announced exploration targets (April 2026 drill plan), making the capital raise expected rather than unexpected market-moving news.
HVG · Price
Company Overview
  • Company: Harvest Gold Corporation is an exploration company focused on gold projects in Quebec's Urban Barry Greenstone Belt.
  • Flagship Project: Mosseau Property, comprising 147 claims covering approximately 7,265 hectares with a 17.7 km gold-bearing structure.
  • Recent Discovery: February 2026 drilling identified high-grade intercepts including 105 g/t Au over 1.15 m and wide zones of mineralization up to 16 meters wide.
  • Land Position: Expanded through acquisitions in May 2026 (42 claims) and earlier in the year, totaling approximately 23,740 hectares across three projects (Mosseau, Urban-Barry, LaBelle).
  • Geology: Hosts Quévillon Group volcanic stratigraphy with mineralization analogous to the Kiask River Mineralized Corridor.
Read the original news release →

More from Harvest Gold Corp.

Sep 21, 2026 · 13:00

Harvest secured the Urban Barry title, expanding its Abitibi land play ahead of planned drilling at the Mosseau deposit.

M&A / Property Aug 17, 2026 · 06:30

Harvest pauses drilling for Indigenous talks, extending the timeline while keeping funding intact.

Drill Results Jul 15, 2026 · 06:30

Harvest launches its planned drill campaign while facing a tight cash runway and potential dilution risks.

Drill Results Jul 03, 2026 · 17:05

Harvest secures Audet-Robert claims, expanding its Quebec land package to 401 claims.

M&A / Property Jun 24, 2026 · 06:30

Harvest Gold Announces Closing Of Oversubscribed Non-Brokered Private Placement

Financings Jun 18, 2026 · 13:05

Harvest Gold clears final regulatory hurdles for Mosseau drilling as shares consolidate near multi-month lows.

Drill Results