Northwire Canada EditionThursday, August 27, 2026
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GOLD 4648.10 −1.0% SILVER 68.03 −1.0% COPPER 6.60 −3.2% OIL 82.23 −0.2% PALLADIUM 1327.00 −1.7% SMN 0.145 +7.4% ADY 0.320 −3.8% SDR 0.175 +9.4% LI 0.450 +2.3% ATX 2.78 −1.8% ILI 0.015 +0.0% KNOX 0.135 +8.0% MINK 0.110 +0.0% CNRI 0.170 +0.0% QRO 0.045 +0.0% PPM 0.015 +0.0% COR 0.400 +0.0% CYG 0.165 +6.5% GR 0.070 +0.0% CRB 0.050 +0.0% GMX 2.13 +1.4% GOLD 4648.10 −1.0% SILVER 68.03 −1.0% COPPER 6.60 −3.2% OIL 82.23 −0.2% PALLADIUM 1327.00 −1.7% SMN 0.145 +7.4% ADY 0.320 −3.8% SDR 0.175 +9.4% LI 0.450 +2.3% ATX 2.78 −1.8% ILI 0.015 +0.0% KNOX 0.135 +8.0% MINK 0.110 +0.0% CNRI 0.170 +0.0% QRO 0.045 +0.0% PPM 0.015 +0.0% COR 0.400 +0.0% CYG 0.165 +6.5% GR 0.070 +0.0% CRB 0.050 +0.0% GMX 2.13 +1.4%
Financings Routine +

Mink Ventures Closes $881,920 in First Tranche of Non-Brokered Private Placement

Mink Ventures Secures $882K Tranche to Fuel Summer Drilling at Timmins Critical Mineral Projects

By The Northwire Desk — AI Analysis Jun 02, 2026 · 15:52 MINK · 0.1 Mink Ventures Corporation
Executive Summary
  • Mink Ventures Corporation closed the first tranche of its previously announced $1,000,000 non-brokered private placement on June 2, 2026.
  • Gross proceeds of $881,920 were raised through the issuance of 4,578,500 hard dollar units at $0.10 per unit and 3,262,077 flow-through units at $0.13 per unit.
  • Each unit includes one common share purchase warrant exercisable at $0.20 per share for a 36-month term.
  • Proceeds are allocated to a summer drill program at the Warren and Montcalm projects, with remaining funds designated for general working capital.
  • Directors and officers purchased 257,000 flow-through units as a related-party transaction.
  • The securities are subject to a statutory hold period expiring October 3, 2026.
  • Post-issuance share count stands at 41,447,296 common shares.
Material Impact
  • The closing of the first tranche is a routine follow-up to the May 12, 2026 financing announcement.
  • It provides essential capital to execute the planned summer drilling campaign at the Timmins-area projects.
  • The financing is dilutive but aligns with the company's stated capital requirements and exploration timeline.
  • The unit pricing ($0.10/$0.13) is consistent with recent trading levels and does not indicate distress or premium demand.
  • No material change to the fundamental outlook or project status is introduced by this closing.
MINK · Price
Company Overview
  • Mink Ventures is a TSXV-listed exploration company focused on nickel, copper, and cobalt in the Timmins mining camp, Ontario.
  • The flagship Warren project (1,130 ha) features recent drill intercepts including 7.1m at 0.44% Ni, 0.28% Cu, and 0.06% Co in massive sulphide.
  • The adjacent Montcalm project (~100 km²) sits next to the historic Glencore Montcalm mine and hosts a deep-seated BHIP target partially truncated by a diabase dyke.
  • Both properties are permitted, drill-ready, and benefit from existing infrastructure and low geopolitical risk.
Read the original news release →

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Aug 26, 2026 · 16:02

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