Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Pacific Empire Announces Second Tranche Closing of Non-Brokered Private Placement, Crew Mobilization to Camp, and Completion of Airborne Magnetic and Ground IP Surveys

Pacific Empire secures $3.6m in final financing to launch the Trident drilling season at its project.

By The Northwire Desk — AI Analysis Jun 22, 2026 · 07:31 PEMC · 0.05 Pacific Empire Minerals Corp.
Executive Summary
  • Pacific Empire Minerals Corp. closed the second and final tranche of its non-brokered private placement on June 22, 2026.
  • The tranche raised $178,020 gross proceeds from the issuance of 2,967,000 common shares at $0.06 per share.
  • Total gross proceeds from the offering now stand at $3,617,019.95, falling short of the initial $4.5 million target announced in April 2026.
  • A finder’s fee of $7,001.40 in cash and 133,360 warrants (exercisable at $0.06 for two years) were issued to Canaccord Genuity Corp.
  • All issued shares carry a four-month-and-one-day statutory hold period.
  • Exploration crews have officially mobilized to the Trident property camp to begin the 2026 field season, managed by Equity Exploration Consultants Ltd.
  • The company completed an airborne magnetic survey over the northern Pinnacle property block and a ground-based induced polarization (IP) survey at Trident. Data interpretation is currently underway.
  • Proceeds will fund diamond drilling, geophysics, geological modeling, and general working capital for the Trident and Pinnacle projects.
Material Impact
  • The financing closing is a direct follow-up to the April 2026 announcement of a $4.5 million private placement and the May 2026 first tranche closing. While the final tranche brings total proceeds to $3.6 million rather than the full $4.5 million target, it provides adequate funding for the immediate 2026 exploration program.
  • The operational updates regarding crew mobilization and survey completion align precisely with the company’s previously stated 2026 strategy. There are no new surprises or deviations from the planned exploration timeline.
  • The market had already priced in the financing and the start of the drill season, as evidenced by the stock trading in a tight range around $0.05 to $0.07 since late February 2026.
  • The news is expected and incremental, confirming that the company is executing on its stated plans without exceeding market expectations.
PEMC · Price
Company Overview
  • Pacific Empire Minerals Corp. is an exploration-stage company focused on copper-gold porphyry systems in north-central British Columbia.
  • The company holds a 100% owned land package of approximately 22,700 hectares, primarily comprising the Trident and Pinnacle properties.
  • Trident is the flagship project, featuring a gold-enriched copper porphyry system. Historical drilling and recent 2025 results (240m @ 0.93% CuEq) support a large-scale porphyry model.
  • Pinnacle is an adjacent property with significant IP chargeability anomalies and historical gold occurrences.
  • The company operates under a mining-friendly jurisdiction with existing infrastructure and a newly secured multi-year exploration permit valid through 2028.
  • A 2% NSR royalty remains on the Trident property, with 50% of it purchasable for $500,000.
Read the original news release →

More from Pacific Empire Minerals Corp.

May 13, 2026 · 08:01

Pacific Empire Secures Funding for Trident Expansion Despite Dilution Concerns

Financings Apr 17, 2026 · 12:46

Pacific Empire Secures Funding for 2026 Drilling Campaign Amidst Share Price Consolidation

Financings Apr 17, 2026 · 08:01

Pacific Empire Secures Capital to Fund Trident Drilling Amidst Share Price Correction

Financings Feb 27, 2026 · 17:45

SEDAR Interim Financial Statements

None Jan 21, 2026 · 08:01

Pacific Empire Confirms Bulk Tonnage Copper at Trident; Pivots to Strategic Review to Avoid Dilution

Drill Results Jan 05, 2026 · 17:30

Pacific Empire looks back at 2025, ahead to 2026

Other