Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Financings

Ximen Mining arranges $500,000 private placement

Ximen Scrapes the Barrel with Down-Round Financing as Working Capital Deficit Deepens

By The Northwire Desk — AI Analysis Dec 29, 2025 · 14:37 XIM · 0.065 Ximen Mining Corp.
Executive Summary

On December 29, 2025, Ximen Mining announced a non-brokered private placement to raise $500,000 through the issuance of 10,000,000 units at $0.05 per unit. Each unit consists of one common share and one 18-month warrant exercisable at $0.10. The proceeds are earmarked for exploration in British Columbia and general working capital. This follows a string of financial reports showing the company operating with negligible cash balances (often less than $2,000) and a massive working capital deficit.

Material Impact

The impact of this news is negative for existing shareholders, despite providing a temporary lifeline. - Dilution and Down-Round: This financing is priced at $0.05, a significant discount to the $0.08 flow-through placement closed exactly one year prior (December 2024). It signals a loss of bargaining power and deteriorating market sentiment. - Inadequate Capital: A $500,000 raise is a "band-aid" solution. As of September 30, 2025, the company had a working capital deficit exceeding $3.7 million and a cash balance of just $1,631. The new funds will likely be consumed immediately by accounts payable ($1.3M) and amounts due to related parties ($2.0M). - Stalled Progression: Despite positive drill results at the Brett project in October 2025 (79.2 g/t Au over 0.55m), the company has failed to translate geological success into financial stability.

XIM · Price
Company Overview

Ximen Mining Corp. is focused on precious metal properties in Southern British Columbia. - Kenville Gold Mine (Nelson, BC): The flagship project. The company aims to develop a new decline and bring the historic mine back into production. Progress has been slow, hindered by permitting, infrastructure requirements (culverts/water management), and lack of capital. - Brett Epithermal Gold Property (Vernon, BC): A secondary exploration project that recently returned high-grade intercepts (79.2 g/t Au) but requires significantly more drilling to define a resource.

Read the original news release →

More from Ximen Mining Corp.

Oct 28, 2026 · 09:02

Ximen prepares the Kenville site and portal work for early November while engaging in financing talks.

Production / Operations Sep 18, 2026 · 21:01

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Financings Sep 10, 2026 · 17:45

Ximen advances Kenville construction while facing a critical funding gap that threatens project progress.

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Production / Operations Jun 05, 2026 · 09:01

Ximen Mining Advances Kenville Mine Development with Robotic LiDAR Surveying - Nelson BC

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Engineering Milestones Clear Path to Kenville Construction, but Funding Gap Remains a Critical Risk

Production / Operations