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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 −

New Earth Resources Provides Update on Private Placement

Cash-strapped junior explorer drills deeper into dilution as offering price collapses to $0.12

By The Northwire Desk — AI Analysis Jun 22, 2026 · 20:00 EATH · 0.14 New Earth Resources Corp.
Executive Summary
  • New Earth Resources Corp. provided a progress update on its previously announced non-brokered private placement.
  • The company is targeting a close in early July 2026 for up to $500,000 CAD.
  • The offering consists of up to 4,166,667 units priced at $0.12 per unit.
  • Each unit includes one Class A common share and one warrant exercisable at $0.18 for five years.
  • Proceeds are earmarked for general working capital, mineral property exploration, and marketing/IR services.
  • Securities carry a standard four-month hold period under Canadian securities laws.
Material Impact
  • This is a routine progress update on a financing announced on May 29, 2026.
  • The update confirms the terms and timeline without introducing new strategic developments or operational milestones.
  • The offering price of $0.12 represents a significant discount compared to prior financings in 2025 and early 2026 (which ranged from $0.175 to $0.45), signaling weakening investor demand or acute cash flow pressure.
  • The market has already absorbed the dilution from previous rounds; this incremental update is expected to have minimal immediate price impact, though the low price point reinforces a negative sentiment trajectory.
EATH · Price
Company Overview
  • New Earth Resources Corp. is a pre-revenue mineral exploration company focused on uranium and rare earth elements (REEs).
  • Key assets include the Lucky Boy Uranium Project in Arizona, the Red Wine REE Project in Labrador, and the SL REE Project in Quebec.
  • The company has been actively expanding its land package, recently doubling its footprint at Lucky Boy through state lease approvals.
  • Exploration activities are in early stages, involving grid sampling, airborne geophysics, and lake-bottom sediment sampling.
Read the original news release →

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May 29, 2026 · 19:30

New Earth taps markets at a deep discount as liquidity squeeze intensifies, reflecting a desperate scramble for cash amid a collapsing share price and persistent dilution.

Financings May 01, 2026 · 03:05

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Production / Operations Feb 24, 2026 · 13:48

New Earth continues grid sampling at Lucky Boy

Drill Results Feb 24, 2026 · 03:05

New Earth Resources Reports Ongoing Grid Sampling and Mapping at Lucky Boy Uranium Project

Drill Results Feb 18, 2026 · 03:05

New Earth Resources Discusses Integrated High-Resolution Airborne Geophysical Techniques for Targeted Rare Earth Element Exploration on its Red Wine Rare Earth Elements Project

Drill Results Feb 12, 2026 · 10:20

New Earth applies for state lease lands at Lucky Boy

Financings