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Aben Gold Announces Up to $1.5 million Non-Brokered Flow-Through Private Placement

Aben Gold Secures $1.5M to Fund Yukon Drilling as Tungsten-Gold Play Consolidates Near Offering Price

By The Northwire Desk — AI Analysis Jun 02, 2026 · 07:00 ABM · 0.18 Aben Gold Corp.

Executive Summary

Aben Gold Corp. announced a non-brokered flow-through private placement to raise up to $1.5 million CAD.
The offering consists of up to 7.5 million flow-through units priced at $0.20 per unit.
Each unit comprises one flow-through common share and one-half of a common share purchase warrant.
Warrants carry a $0.30 exercise price and a 24-month term, with an acceleration clause if the stock closes at or above $0.50 for 10 consecutive days.
Proceeds are earmarked for exploration and drilling on the Justin gold-tungsten property in the Yukon Territory.
Funds will be renounced as eligible Canadian exploration expenses by December 31, 2026.
Closing is contingent on TSX Venture Exchange approval, with a statutory hold period of 4 months and 1 day.
Insider participation is expected, structured to remain under 25% of market cap to avoid formal valuation requirements.

Material Impact

The $1.5 million flow-through placement is a direct follow-up to the January 2026 $400,000 private placement and the May 2026 Class 3 mining licence.
It is fully aligned with the previously announced 1,500-metre summer drill program targeting the POW and Lost Ace zones.
The offering price of $0.20 matches the current trading range, indicating fair market pricing rather than a discounted desperation raise.
Dilution is significant (~26% on current share count), but standard for pre-revenue explorers funding a defined drill program.
No new geological data, resource updates, or strategic partnerships are disclosed. The news is operational and financial in nature, providing necessary runway without altering the fundamental exploration thesis.
The market likely priced in this capital need given the company's $258,000 cash balance against a $329,000 debt load and upcoming field costs.

ABM · Price

Company Overview

Aben Gold Corp. is a TSX Venture-listed junior explorer focused on the 100%-owned Justin Gold Tungsten Project in the Tombstone Gold Belt, southeastern Yukon.
The property spans approximately 7,400 hectares and is strategically located adjacent to Seabridge Gold's 3 Aces Project.
Historical drilling highlights include the POW zone (60m @ 1.25 g/t Au, 8.5m @ 0.39% WO3) and the Lost Ace zone (20.8 g/t Au over 4.4m).
The company recently pivoted to a pure-play Yukon gold-tungsten focus after monetizing the Forrest Kerr project in British Columbia.
Exploration is in the advanced stage, with regulatory approvals secured and a defined summer drill program ready to mobilize.

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