Northwire Canada EditionWednesday, November 11, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.29 +0.9% Oil 86.53 +0.6% Palladium 1,046.10 +2.5% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% CDE 21.43 −1.2% AEM 265.03 −2.0% WDO 27.75 −2.0% BEA 0.090 +0.0% GAU 3.41 −4.2% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.29 +0.9% Oil 86.53 +0.6% Palladium 1,046.10 +2.5% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% CDE 21.43 −1.2% AEM 265.03 −2.0% WDO 27.75 −2.0% BEA 0.090 +0.0% GAU 3.41 −4.2%
Financings

55 North Mining closes $1.26-million financing

By The Northwire Desk — AI Analysis Feb 27, 2026 · 21:30 FFF · 0.55 55 North Mining Inc
FFF · Price

Executive Summary

  • 55 North Mining Inc. has closed its previously announced non-brokered flow-through private placement, raising gross proceeds of approximately $1.27 million.
  • The company issued 1,702,800 flow-through common shares at a price of 74.5 cents per share.
  • Proceeds are designated for eligible Canadian exploration expenses related to the Last Hope gold project, where active drilling is currently underway.

Key Details

  • Transaction Type: Non-brokered flow-through private placement.
  • Shares Issued: 1,702,800 flow-through (FT) common shares.
  • Price Per Share: 74.5 cents CAD.
  • Gross Proceeds: $1,268,586.02 CAD.
  • Warrants: None issued.
  • Hold Period: Four months, in accordance with applicable securities laws.
  • Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures under the Income Tax Act (Canada), specifically for the exploration of the Last Hope gold project.
  • Operational Status: Exploration drilling activities are currently active, with one drill rig operating on the Last Hope gold project. A detailed operational update is expected in a subsequent release.
Read the original news release →

More from 55 North Mining Inc

Mar 10, 2026 · 07:45

55 North Mining Announces Leadership Transition: Wayne Parsons Appointed CEO and Bruce Reid Named Executive Chairman

Management Feb 27, 2026 · 17:30

55 North Mining Announces Closing of Flow-Through Financing

Financings Feb 04, 2026 · 21:06

55 North Mining arranges $1.18-million financing

Financings Feb 04, 2026 · 16:25

55 North Mining Announces Flow-Through Financing

Financings Feb 02, 2026 · 21:39

55 North plans Last Hope drilling, resource estimate

Drill Results Feb 02, 2026 · 17:55

55 North Mining Announces Winter Exploration Drill Program at Last Hope Gold Project

Drill Results