Stuve Gold Corp. Announces Closing of Private Placement of Common Shares
Stuve Gold secures $2m strategic backing from Deutsche Rohstoff to fund its ongoing exploration activities.
Stuve Gold Corp. completed its previously announced private placement on June 26, 2026, issuing 6,450,000 common shares at $0.31 per share to generate $1,999,500 in gross proceeds. Deutsche Rohstoff AG subscribed to the entire placement, increasing its ownership to 15.44% of issued and outstanding shares.
The proceeds are designated for general and administrative expenses, advancing exploration on existing properties, and funding potential future property acquisitions. No cash commissions or finder's fees were paid, and the shares carry a four-month and one-day hold period. The transaction remains subject to final acceptance by the TSX Venture Exchange.
Stuve Gold Corp. (STUV) completed a transaction consistent with its June 4 announcement, marking an expected follow-up event. The deal brings Deutsche Rohstoff AG in as a strategic shareholder, granting the firm a 15.44% stake.
The subscription price was set at $0.31, representing approximately a 59% discount to the recent trading price of $0.75. This pricing structure indicates significant near-term dilution and potential downward pressure on the share price. The capital raise extends the company's runway for exploration and acquisitions.
Stuve Gold Corp. (STUV) is a Chile-based exploration and development company focused on historically productive gold and copper properties. Its flagship project, Coba SW - Teresa, is located in the Carrizal Alto mining camp and features historic high-grade copper-gold-cobalt production from 1986 to 1990, with weighted averages of 2.45% Cu and 5.51 g/t Au. Recent sampling and drilling have confirmed continuous vein systems and deeper sulphide mineralization.
The company’s portfolio includes the Inca, Roma, Santa Gracia, and El Bosque projects, as well as the newly acquired Las Animas property, which comprises 3,100 hectares in the IOGC belt. The provided investor presentation is dated November 2021 and may not reflect current project status, management changes, or updated geological data.