Northwire Canada EditionMonday, November 2, 2026
Northwire
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Gold 3,967.70 +1.8% Silver 50.99 +3.5% Copper 6.56 +1.2% Oil 97.26 −6.6% Palladium 972.75 −1.5% CDA 0.820 +0.0% SGML 8.74 −8.0% REC 0.070 +27.3% MOLY 1.50 +10.3% NIM 0.600 +0.0% GMX 2.04 +2.0% LEGY 0.800 +0.0% LIB 0.660 +1.5% NOBL 0.075 +0.0% GER 0.005 + BOL 0.055 +0.0% ECR 0.190 +0.0% BBB 0.560 +3.7% WGLD 0.120 +0.0% GLD 0.040 +0.0% TECT 1.58 +15.3% Gold 3,967.70 +1.8% Silver 50.99 +3.5% Copper 6.56 +1.2% Oil 97.26 −6.6% Palladium 972.75 −1.5% CDA 0.820 +0.0% SGML 8.74 −8.0% REC 0.070 +27.3% MOLY 1.50 +10.3% NIM 0.600 +0.0% GMX 2.04 +2.0% LEGY 0.800 +0.0% LIB 0.660 +1.5% NOBL 0.075 +0.0% GER 0.005 + BOL 0.055 +0.0% ECR 0.190 +0.0% BBB 0.560 +3.7% WGLD 0.120 +0.0% GLD 0.040 +0.0% TECT 1.58 +15.3%
Financings Routine +

Inomin Closes $615,499 Private Placement Financing

Inomin Mines Inc.

Executive Summary
  • Inomin Mines Inc. closed a non-brokered private placement financing on May 29, 2026.
  • Gross proceeds raised were $615,499.50 from the sale of 5,861,900 units at $0.105 per unit.
  • Each unit includes one common share and one warrant exercisable at $0.14 until May 29, 2028.
  • Proceeds are designated for business development, due diligence on acquisition targets, investor relations, and general corporate purposes.
  • Operational update indicates drilling is scheduled to begin next month (June 2026) at the Beaver-Lynx project.
  • Finder's fees included a cash commission of $43,084.97 (7% of gross proceeds).
  • Finder warrants issued: 410,333 non-transferable warrants exercisable at $0.105 with a lock-up until September 30, 2026.
Material Impact
  • The financing was previously announced on May 26, 2026 (LIFE Offering), making the closing an expected execution of prior commitments rather than new information.
  • Proceeds are modest relative to market capitalization (~$4.9M), representing approximately 12% dilution to existing share count upon issuance.
  • The warrant strike price ($0.14) is above current trading levels ($0.10), suggesting immediate dilution risk only if the stock rallies significantly.
  • Funding supports the commencement of drilling at Beaver-Lynx, which was previously announced in May 2026 as a $2.3M program funded largely by Sumitomo Metal Mining Canada Ltd., but Inomin's cash is needed for corporate overhead and due diligence.
  • No material change to project status or strategic direction; the partnership with Sumitomo remains the primary value driver, not this small equity raise.
MINE · Price
Company Overview
  • Company: Inomin Mines Inc. operates as an exploration-stage mining company listed on the TSX Venture Exchange.
  • Flagship Project: Beaver-Lynx polymetallic project in south-central British Columbia, covering ~28,000 hectares.
  • Project Status: Exploration and development phase; adjacent to the Gibraltar copper mine with existing infrastructure (roads, power, rail).
  • Mineralization: Targeting nickel, magnesium, cobalt, platinum-group elements (PGEs), chromium, and copper in serpentinized ultramafic bodies.
  • Management: Led by President John Gomez; Qualified Person is L. John Peters, P.Geo.
Read the original news release →

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