Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
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Labrador Gold Announces 2026 Exploration Plans for Pacific Ridge's White Gold Projects

Pacific Ridge upsizes financing to $8.3m as its Yukon gold projects enter an aggressive 2026 exploration phase.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 07:01 PEX · 0.18 Pacific Ridge Exploration Ltd.
Executive Summary
  • Pacific Ridge Exploration Ltd. (PEX) announced the 2026 exploration program for its Mariposa and Eureka Dome gold projects in Yukon's White Gold District, which are under option to Labrador Gold Corp.
  • The 2026 program at Mariposa includes an 808-line km aeromagnetic survey, detailed LiDAR, and extensive soil geochemical sampling (~4,700 samples), while Eureka Dome will undergo ridge and spur soil sampling.
  • Earn-in terms remain unchanged: $500,000 cash, 6,670,000 shares, and $5.4 million in exploration expenditures over four years, plus a $1.0 million feasibility milestone payment.
  • This follows the June 8, 2026 announcement that PEX upsized its non-brokered private placement to gross proceeds of up to C$8.289 million due to increased investor interest.
  • The financing consists of hard-dollar units, charity flow-through shares, and flow-through units priced between C$0.20 and C$0.294, with warrants exercisable at C$0.30. Closing is expected in late June 2026.
Material Impact
  • The exploration plan announcement is a direct follow-up to the May 11, 2026 option agreement with Labrador Gold. It confirms that the option partner is executing on its $5.4 million exploration commitment, which is expected and incremental.
  • The financing upsizing to $8.29 million is positive for liquidity but dilutive. It aligns with prior expectations for capital raises to fund the 2026 drill programs at Kliyul and RDP.
  • No new material catalysts, resource conversions, or strategic partnerships are introduced. The news reinforces the existing operational roadmap without altering the fundamental risk/return profile.
PEX · Price
Company Overview
  • Pacific Ridge is a pre-revenue exploration-stage junior focused on copper-gold and gold projects in British Columbia and Yukon.
  • Flagship project: Kliyul copper-gold project (100% owned) in the Quesnel Terrane, BC. Hosts an inferred resource of 334.1 Mt @ 0.33% CuEq (2.42 billion lbs CuEq / 5.7 million AuEq oz). Open for expansion in multiple directions.
  • Secondary project: RDP copper-gold project in the Golden Horseshoe/Toodoggone district, BC. Delivered strong 2025 drill results including 112.2m @ 1.35% CuEq (2.02 g/t AuEq) at the Day target.
  • Yukon assets: Mariposa and Eureka Dome gold projects optioned to Labrador Gold Corp. for earn-in and exploration funding.
Read the original news release →

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M&A / Property