Northwire Canada EditionSunday, November 8, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Financings

Hertz Energy Announces Close of Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Jan 16, 2026 · 16:06 HZ · 0.375 Hertz Energy Inc.
HZ · Price

Executive Summary

  • Hertz Energy Inc. closed a non‑brokered private placement of 4,200,000 units at $0.10 per unit, generating gross proceeds of $420,000.
  • Each unit consists of one common share and one warrant to purchase an additional common share at $0.125 exercisable for up to 36 months.
  • Proceeds will be used for general and administrative purposes and to advance the Lake George Antimony Project.

Key Details

  • Units sold: 4,200,000 units @ $0.10 per unit → $420,000 gross proceeds.
  • Unit composition: 1 common share + 1 warrant (right to purchase one additional common share at $0.125).
  • Warrant terms: exercisable any time on or before 36 months from the closing date.
  • Statutory hold period: securities subject to a Canadian hold period of 4 months + 1 day from closing.
  • Use of proceeds: general and administrative expenses; funding for advancement of the Lake George Antimony Project (strategic claims surrounding historic antimony mine).
  • Regulatory notice: Units not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption/registration.

Notable Quotes

(No CEO quotes included in the release.)

Read the original news release →

More from Hertz Energy Inc.

Apr 17, 2026 · 09:16

Hertz Energy Doubles Lake George Footprint Amidst Capital Raise Extension

Drill Results Mar 27, 2026 · 21:30

Hertz Energy Inc. Announces Closing of First Tranche of LIFE and Flow-Through Offering for Gross Proceeds of $1,000,000 and Extension of Private Placement

Financings Feb 10, 2026 · 07:31

Hertz Energy Inc. Announces LIFE and Flow-Through Offering for Gross Proceeds up to $5,000,000

Financings Jan 28, 2026 · 14:46

Hertz Energy Inc. Options 100% Interest in High-Grade District-Scale Crag and Rod Properties in Yukon

M&A / Property Jan 22, 2026 · 09:47

Hertz Energy Acquires Digital Database for Historic Lake George Antimony Mine, New Brunswick, Canada

M&A / Property Dec 12, 2025 · 09:16

Hertz Energy Announces Non-Brokered Private Placement

Financings