Financings Routine +

Aben Gold Corp. Closes $1.3 Million Private Placement of Flow-Through Units

Aben secured $1.3m in flow-through capital to fund drilling at its Yukon project, despite near-term risks from dilution and cash burn.

By The Northwire Desk — AI Analysis Jun 19, 2026 · 07:00 ABM · 0.19 Aben Gold Corp.

Executive Summary

Aben Gold Corp. closed a non-brokered private placement on June 19, 2026, raising CAD $1,334,000 in gross proceeds.
The company issued 6,670,000 flow-through units at CAD $0.20 per unit.
Each unit comprises one flow-through common share and one-half of a transferable warrant exercisable at CAD $0.30 per share for a two-year term.
Proceeds are designated to fund exploration and an upcoming 1,500-metre diamond drilling program at the Justin Gold Tungsten Project in the Yukon Territory.
Flow-through tax expenditures will be renounced to subscribers by December 31, 2026, with expenditures to be incurred by December 31, 2027.
The placement includes related-party participation and standard finder's compensation ($50,750 cash plus 253,750 non-transferable finder's warrants).
This transaction fulfills the previously announced June 2, 2026 capital raising plan and provides immediate liquidity for the permitted summer field program.

Material Impact

The financing is a routine follow-up to the June 2 announcement and aligns with the company's communicated need to fund the 2026 exploration program.
The $0.20 per unit pricing is slightly above the recent trading range of $0.17–$0.19, indicating modest but stable investor appetite despite broader market volatility.
The issuance introduces significant dilution: 6.67 million new shares and 3.335 million warrants represent approximately 23.6% dilution on the existing 28.3 million share base.
While the capital is necessary to advance the Justin project, the recurring nature of these financings (following a $400,000 raise in January and the Kingfisher option structure) underscores the company's reliance on continuous equity markets to survive.
The news is positive in that it secures funding for the permitted drill program, but it is not market-moving given it was anticipated and priced at a premium to recent lows.

ABM · Price

Company Overview

Company: Aben Gold Corp. is a TSX Venture-listed junior explorer focused on gold and tungsten.
Flagship Project: The Justin Gold Tungsten Project is a 7,400-hectare, 100%-owned property in the Tintina Gold Belt of southeastern Yukon, adjacent to Seabridge Gold’s 3 Aces Project.
Geology & Targets: The project features multiple zones, primarily the POW Zone (gold and tungsten) and the Lost Ace Zone (high-grade gold). Historical drilling has returned significant intercepts, including 60.00m @ 1.25 g/t Au and 8.50m @ 0.39% WO3 coincident with 5.60m @ 4.12 g/t Au.
Regulatory Status: The company recently secured a Class 3 Quartz mining land-use approval (valid until May 2031), permitting 1,500 metres of diamond drilling, trenching, and geophysical surveys for the 2026 field season.
Strategic Shift: Management has divested non-core assets (Slocan Graphite, Pringle North) and monetized the Forrest Kerr Project via a three-year option agreement with Kingfisher Metals, sharpening its focus on Yukon gold exploration.

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