Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings Routine +

Laurion Announces First Tranche Closing Of Private Placement Of Flow-Through Units And Non Flow-Through Shares

Laurion secures $930,000 to fund drilling at its Ishkoday project as its stock price reaches new lows.

By The Northwire Desk — AI Analysis Jun 12, 2026 · 19:15 LME · 0.195 Laurion Mineral Exploration Inc.
Executive Summary
  • Laurion Mineral Exploration closed the first tranche of its non-brokered private placement, issuing 3,576,946 flow-through units at $0.26 per unit for approximately $930,006 in gross proceeds.
  • Proceeds are strictly allocated to Canadian exploration expenses qualifying as flow-through mining expenditures, specifically to fund the 2026 drill program on the Ishkoday property.
  • The second tranche is anticipated to close around June 18, 2026, bringing the total private placement size to approximately $1.0 million, pending TSX Venture Exchange approval.
  • Each FT unit includes a warrant exercisable at $0.35 per share for 24 months. Finder's warrants were issued at $0.26 per share. Securities carry a 4-month and 1-day hold period.
Material Impact
  • The closing of the first tranche is an expected, incremental step following the May 25, 2026 announcement. It confirms management's execution on capital raising to fund the announced Phase 1 drilling program.
  • The $0.26 issue price trades at a ~25% premium to the current market price of $0.20, indicating targeted investor interest or insider alignment, though the dilutive nature remains a structural headwind.
  • The news does not alter the fundamental exploration thesis or provide new geological data. It is a necessary operational funding event that maintains the status quo rather than shifting the project's trajectory.
LME · Price
Company Overview
  • Laurion Mineral Exploration Inc. is a pre-revenue junior explorer focused on its 100%-owned Ishkoday Gold & Polymetallic Project in the Beardmore-Geraldton Greenstone Belt, Ontario.
  • The project covers a 57 km² district-scale system with a 6.0 x 2.5 km structurally controlled mineralized corridor.
  • Geology features two mineralizing events: an early epithermal-style Gold-Silver-Zinc-Copper system and a late orogenic-style Gold system.
  • The company has completed over 99,000 metres of historical and modern drilling, targeting near-surface resource definition and deeper extensions beneath historic workings like the Sturgeon River and Brenbar mines.
Read the original news release →

More from Laurion Mineral Exploration Inc.

Oct 29, 2026 · 06:45

Laurion reported a narrow high-grade intercept offset by a failed historical twin at its project.

Drill Results Sep 28, 2026 · 06:45

Laurion’s Ishkoday drill program advances A-Zone continuity amid steady capital deployment.

Drill Results Sep 23, 2026 · 06:45

LAURION Reports Multiple Gold and Polymetallic Intercepts, Including 9.90 m Grading 0.563 g/t Au and 4.55 m Grading 0.76% Cu and 12.29 g/t Ag, Including 1.70 m Grading 1.56% Cu and 24.45 g/t Ag at Ishkoday

Drill Results Sep 18, 2026 · 06:45

Laurion’s Ishkoday permitting advances on schedule with no near-term catalysts or price impact expected for the project.

Regulatory Sep 14, 2026 · 09:15

Laurion’s low-grade A-Zone infill drilling results failed to re-rate the stock, which has since forgotten its 2025 peak.

Drill Results Sep 01, 2026 · 07:05

Laurion corrects zinc grades overclaimed in previous results while awaiting assays from 116 to 124 pending holes.

Drill Results