Northwire Canada EditionFriday, November 13, 2026
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Financings

Cascadia Announces Closing of C$4.1M Private Placement

By The Northwire Desk — AI Analysis Dec 22, 2025 · 18:57 CAM · 0.19 Cascadia Minerals Ltd.
CAM · Price

Executive Summary

  • Cascadia Minerals closed a non‑brokered private placement raising C$4.106 M, consisting of NFT and flow‑through units.
  • Proceeds fully fund the 2026 exploration program at the Carmacks copper‑gold property and provide general working capital.
  • The financing includes warrants exercisable until December 22 2028 and a hold period of four months plus one day on all securities issued.

Key Details

  • Offering Size: Up to C$4,106,667.
  • Units Sold:
  • 6,666,667 non‑flow‑through (NFT) units at $0.15 per unit → gross proceeds of $1,000,000.05.
  • 13,333,333 critical minerals flow‑through (CFT) units at $0.233 per unit → gross proceeds of $3,106,666.59.
  • Warrant Structure: Each NFT unit includes one common share and half a common‑share purchase warrant; each whole warrant exercisable for one additional share at $0.20 until 22 Dec 2028. CFT units include one flow‑through share plus half a warrant.
  • Use of Proceeds:
  • CFT proceeds earmarked for Canadian exploration expenses (flow‑through critical mineral mining expenditures) on the Carmacks property and potentially Catch, Macks, Milner, Idaho Creek properties.
  • NFT proceeds allocated to general working capital.
  • Funding Timeline: Qualifying expenditures must be incurred by 31 Dec 2026 and renounced to subscribers no later than 31 Dec 2025.
  • Finder Compensation: Cash finder fees of $12,000 plus issuance of 80,000 Finder Warrants to Castlewood Capital Corp. and Ventum Financial Corp.
  • Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period in Canada from the closing date.
  • Strategic Investor Participation: Lead investor Michael Gentile (largest shareholder) participated, now holding ~13.1% on a partially diluted basis.

Notable Quotes

“With this financing closed, Cascadia is in a strong financial position for 2026. Our planned 15,000 m resource expansion and exploration drill program at our road‑accessible Carmacks copper‑gold property in central Yukon is fully funded.” – Graham Downs, President & CEO

Materiality Assessment: Material – Positive (the financing materially enhances the company’s liquidity and enables execution of its 2026 exploration plan).

Read the original news release →

More from Cascadia Minerals Ltd.

Oct 01, 2026 · 07:00

Cascadia’s Zone 2000S step-outs at 1.2 g/t gold over 10 metres beat the prior anchor on grade and metreage.

Drill Results Sep 01, 2026 · 07:00

Cascadia’s 49 m core at 1.63% Cu doubles Zone 2000S strike, though only one hole confirms the extension.

Drill Results Aug 10, 2026 · 07:00

Cascadia’s Carmacks northern step-out extends strike by 250m with 52.8m at 1.04% copper.

Drill Results Jul 14, 2026 · 07:00

Cascadia completes a QMAG survey at Carmacks, preparing for a 15,000 metre drill campaign.

Drill Results Jul 07, 2026 · 07:00

Cascadia’s Carmacks step-out hole 46 returns 106.62m at 1.09% CuEq, extending Zone 2000S north.

Drill Results May 04, 2026 · 08:00

Agnico Eagle Backing Fuels Cascadia's Carmacks Drilling Push, But Execution Risks Remain

Drill Results