Northwire Canada EditionWednesday, October 21, 2026
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GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.62 +0.6% OIL 97.82 −0.7% PALLADIUM 1104.00 −1.7% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4% GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.62 +0.6% OIL 97.82 −0.7% PALLADIUM 1104.00 −1.7% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4%
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.

Aug 24, 2026 · 07:31

Pacific Empire begins 2026 Trident drilling to target an expanded IP anomaly and Pinnacle follow-up.

Drill Results Aug 04, 2026 · 16:30

Pacific Empire raises $1.58m to fund a 2026 drill campaign at its Trident-Pinnacle porphyry system.

Financings Jul 15, 2026 · 07:31

Pacific Empire upsized funding to $1.62m to kickstart an august drill campaign at the trident project.

Financings Jul 13, 2026 · 07:31

Pacific Empire raises $1.35m to fund the August Trident-Pinnacle drill campaign.

Financings 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