Northwire Canada EditionThursday, September 10, 2026
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GOLD 4407.30 −1.2% SILVER 64.93 −5.4% COPPER 6.55 −5.0% OIL 102.48 +6.7% PALLADIUM 1294.70 −6.2% MCI 0.165 −2.9% ETF 0.040 −11.1% ADE 0.100 +5.3% WDO 33.52 −3.3% IMM 0.065 +8.3% SNAG 0.240 −7.7% TUF 0.670 −2.9% VZZ 0.245 −3.9% APGO 3.55 +12.0% ISO 15.38 −6.6% VCG 1.52 +1.3% WRX 0.040 +0.0% TLG 2.22 −4.7% BARU 0.060 +0.0% STW 0.090 +0.0% GOLD 4407.30 −1.2% SILVER 64.93 −5.4% COPPER 6.55 −5.0% OIL 102.48 +6.7% PALLADIUM 1294.70 −6.2% MCI 0.165 −2.9% ETF 0.040 −11.1% ADE 0.100 +5.3% WDO 33.52 −3.3% IMM 0.065 +8.3% SNAG 0.240 −7.7% TUF 0.670 −2.9% VZZ 0.245 −3.9% APGO 3.55 +12.0% ISO 15.38 −6.6% VCG 1.52 +1.3% WRX 0.040 +0.0% TLG 2.22 −4.7% BARU 0.060 +0.0% STW 0.090 +0.0%
Financings Routine +

Bullion Announces $1.5 Million Private Placement

Bullion Gold Raises $1.5M to Validate Terragold Gold Corridor as Olympio Drills High-Grade Bousquet Lodes

By The Northwire Desk — AI Analysis Jun 02, 2026 · 07:01 BGD · 0.085 Bullion Gold Resources Corp.
Executive Summary
  • Bullion Gold Resources Corp. announced a private placement of up to 16,666,667 units at $0.09 per unit, targeting gross proceeds of $1,500,000.
  • Each unit comprises one common share and one-half of a common share purchase warrant.
  • Warrants are exercisable at $0.15 per share for 18 months from closing.
  • Net proceeds will primarily fund a validation drilling campaign at the 100%-owned Terragold project, scheduled to commence in late June 2026.
  • The offering includes a statutory hold period of four months and one day post-closing.
  • Directors, officers, and insiders may participate, with insider participation capped at 25% of market capitalization under MI 61-101 exemptions.
  • This financing follows the company's March 2026 announcement of a planned $5 million drilling program for Terragold, indicating a phased capital raise approach.
Material Impact
  • The financing is expected and incremental, aligning with the company's stated exploration roadmap and previous capital raising activities.
  • It does not represent a fundamental shift in strategy or asset base, but rather sustains the planned validation drilling at Terragold.
  • The $0.09 pricing is consistent with recent trading levels, minimizing immediate discount dilution, though the issuance of ~16.7 million shares represents a ~16.5% dilution to the current share count.
  • The warrant strike price of $0.15 is out-of-the-money, providing limited immediate upside for warrant holders but confirming management's confidence in long-term value creation above current levels.
  • Overall, the news is routine and positive in the context of an exploration-stage company that must continuously raise capital to advance projects without generating revenue.
BGD · Price
Company Overview
  • Bullion Gold Resources Corp. is a pre-revenue exploration-stage company focused on mineral properties in Quebec, Canada.
  • Flagship assets include the Terragold project (100% owned, 2,058 hectares), which features a 2+ km strike-length gold mineralized corridor associated with a quartz-feldspar porphyry system, and the Bousquet project (partnered with Olympio Metals), which has delivered high-grade gold intercepts including 19.4m @ 17.29 g/t Au.
  • Additional projects include Langlade (polymetallic VMS Cu-Zn-Ag) and Bodo (large-scale polymetallic target with IOCG/skarn potential).
  • The company relies entirely on equity financing and has not yet defined a NI 43-101 compliant mineral resource.
Read the original news release →

More from Bullion Gold Resources Corp.

Sep 09, 2026 · 14:31

Bullion’s Terragold project confirms high-grade surface gold via channel sampling ahead of upcoming drill results.

Drill Results Aug 25, 2026 · 07:01

Bullion completes validation drilling at Terragold, awaiting assay results to define near-surface gold potential.

Drill Results Jun 30, 2026 · 07:01

Bullion Reports 5.4 g/t Au and 5.0 g/t Ag in Surface Grab Sample and Commences Validation Drilling at Terragold

Drill Results Jun 17, 2026 · 06:31

Bullion Closes $2M Private Placement

Financings Jun 09, 2026 · 06:31

Bullion Mobilizes Field Team to Terragold Project and Increases Private Placement to $2 Million

Drill Results May 27, 2026 · 16:24

Strategic Milestone Achieved

Drill Results