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 +

Blue Star Announces Non-Brokered Private Placement

Blue Star secures $950,000 in flow-through financing to fund its phase 2 drilling campaign at the Nunavut project.

By The Northwire Desk — AI Analysis Jun 22, 2026 · 08:01 BAU · 0.22 Blue Star Gold Corp.
Executive Summary
  • Blue Star Gold Corp. announced a non-brokered private placement to raise up to $950,040, pending TSX Venture Exchange approval.
  • The offering consists of up to 3,654,000 charitable flow-through units priced at $0.26 per unit.
  • Each unit comprises one flow-through common share and one-half of a transferable warrant.
  • Warrants carry a $0.30 exercise price and a 24-month exercise period from closing.
  • Net proceeds are strictly allocated to Canadian exploration expenses on Nunavut projects before December 31, 2026, with expenditures renounced to investors for flow-through tax treatment.
  • The transaction includes a four-month and one-day hold period and may involve finders' fees to qualified parties.
Material Impact
  • The financing is incremental and directly supports the Phase 2 drilling campaign announced in June 2026.
  • Priced at $0.26, the units trade at a premium to the recent market price of $0.22, indicating modest investor appetite at this level.
  • The capital raise is dilutive but standard for an exploration-stage company funding a planned drill program.
  • It does not alter the fundamental resource model or introduce new strategic shifts; it merely extends the cash runway to execute announced exploration activities.
  • The news is routine and expected, following a series of smaller financings earlier in the year that have consistently funded the company's exploration budget.
BAU · Price
Company Overview
  • Blue Star Gold Corp. operates in the High Lake Greenstone Belt, Nunavut, Canada.
  • Flagship asset: Ulu Gold Project, featuring the high-grade Flood Zone Gold Deposit.
  • Updated Mineral Resource Estimate (May 2026): 558,000 ounces M&I @ 7.87 g/t Au; 476,000 ounces Inferred @ 4.54 g/t Au.
  • Additional assets: Roma Project (critical minerals/VMS targets) and Auma Project (gold and silver).
  • Infrastructure context: Projects are located 40-100 km south of the proposed Grays Bay deep-water port and all-weather road corridor, recently referred to the Major Projects Office.
Read the original news release →

More from Blue Star Gold Corp.

Oct 26, 2026 · 08:02

Blue Star expands the NFN deposit by 230 metres of strike with incremental grade and metreage results.

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Drill Results Sep 21, 2026 · 08:01

Blue Star confirms Auma continuity with holes remaining below the good orogenic band.

Drill Results Sep 03, 2026 · 20:00

Blue Star raises $800k to fund ongoing cash burn amid a going concern warning for its Nunavut operations.

Financings Sep 01, 2026 · 20:01

Blue Star raises $800,000 at $0.20 per share to fund operations at its Nunavut project amid a going concern warning.

Financings Aug 26, 2026 · 08:01

Blue Star’s first Auma drilling intersected narrow high-grade gold without disclosing true width or volume.

Drill Results