Northwire Canada EditionFriday, November 13, 2026
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Gold 3,878.70 −0.2% Silver 48.81 −2.5% Copper 6.08 −1.9% Oil 88.78 +0.1% Palladium 1,001.00 +1.0% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 16.04 −0.8% XTG 2.08 +4.0% RUA 1.06 −3.6% TUF 0.610 −1.6% NEXG 1.12 −1.8% ELEF 0.275 −1.8% LVG 0.345 +1.5% BBB 0.510 +2.0% NGC 0.055 −8.3% ABRA 10.51 −2.5% OBUL 0.345 +0.0% MKO 10.53 −2.7% SGML 7.31 +3.2% Gold 3,878.70 −0.2% Silver 48.81 −2.5% Copper 6.08 −1.9% Oil 88.78 +0.1% Palladium 1,001.00 +1.0% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 16.04 −0.8% XTG 2.08 +4.0% RUA 1.06 −3.6% TUF 0.610 −1.6% NEXG 1.12 −1.8% ELEF 0.275 −1.8% LVG 0.345 +1.5% BBB 0.510 +2.0% NGC 0.055 −8.3% ABRA 10.51 −2.5% OBUL 0.345 +0.0% MKO 10.53 −2.7% SGML 7.31 +3.2%
Financings

EDM Announces Closing of $1M Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Dec 12, 2025 · 18:01 EDM · 0.09 EDM Resources Inc.
EDM · Price

Executive Summary

  • EDM Resources Inc. closed a non‑brokered private placement raising C$1.0 million in gross proceeds.
  • The offering consisted of 9,090,909 units at C$0.11 per unit, each unit including one common share and one warrant exercisable at C$0.14 until December 12 2028.
  • Net proceeds will be used to complete the Fisheries Act Authorization Application for the Scotia Mine and for general working‑capital purposes.

Key Details

  • Units sold: 9,090,909 units @ C$0.11 per unit → gross proceeds of C$999,999.99 (rounded to C$1 M).
  • Unit composition: 1 common share + 1 share purchase warrant (exercise price C$0.14 per warrant share).
  • Warrant acceleration clause: If the volume‑weighted average price of EDM’s common shares is ≥ $0.30 for 10 consecutive trading days, the company may accelerate warrant expiry to 30 days after notice.
  • Insider participation: Insiders purchased 1,765,455 units (related‑party transaction exempt from MI 61‑101 valuation/approval thresholds).
  • Broker compensation: C$16,016 cash paid and issuance of 145,600 broker warrants (exercise price $0.14 per share, expiry Dec 12 2028).
  • Use of proceeds: Environmental work to complete the Fisheries Act Authorization for the Scotia Mine and general working capital.
  • Closing date: The financing closed on December 12 2025.

Notable Quotes

“EDM is pleased to announce the closing of this $1M financing. Net proceeds of the Offering will be used to complete the Fisheries Act Authorization Application for our Scotia Mine and for general working capital purposes.” – Mark Haywood, President & CEO.

Read the original news release →

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Oct 27, 2026 · 07:02

EDM advances Scotia Mine restart toward 2027 production with ore sorting tech and a positive preliminary feasibility study update.

Technical Study Sep 28, 2026 · 08:40

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Production / Operations Sep 14, 2026 · 07:31

EDM showcased the Scotia Mine at the Canada Investment Summit to attract capital for a planned 2027 restart.

Production / Operations Jul 20, 2026 · 07:31

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Production / Operations Jul 07, 2026 · 07:46

EDM raises $1.55m in Q2 capital as permitting for the Scotia Mine project nears completion.

Production / Operations Jun 24, 2026 · 07:31

EDM Strengthens Treasury with $1.5 Million of Warrant Exercises by Directors, Insiders and Major Shareholders

Financings