Northwire Canada EditionTuesday, November 10, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0%
Financings

Nuvau closes $13.97M first tranche of financing

By The Northwire Desk — AI Analysis Feb 25, 2026 · 19:38 NMC · 0.88 Nuvau Minerals Inc.
NMC · Price

Executive Summary

  • Nuvau Minerals Inc. has closed the first tranche of its brokered private placement, issuing 17,471,250 units for gross proceeds of $13,977,000.
  • The company anticipates closing a second and final tranche on or about March 6, 2026, which will include flow-through shares.
  • Proceeds are designated for working capital, general corporate purposes, and exploration/development at the Matagami property.

Key Details

  • Units Issued: 17,471,250 units.
  • Issue Price: $0.80 per unit.
  • Gross Proceeds: $13,977,000.
  • Unit Composition: Each unit consists of one common share and one-half of one transferable common share purchase warrant.
  • Warrant Terms: Each warrant entitles the holder to purchase one common share at $1.30 per share until February 25, 2029.
  • Use of Proceeds: Working capital, general corporate purposes, and completion of exploration and development activities at the Matagami property.
  • Agents: Co-led by Clarus Securities Inc. and Integrity Capital Group Inc.
  • Agent Compensation:
    • Cash commission of 6.0% of gross proceeds (reduced to 3.0% for sales to purchasers on a "president's list").
    • Non-transferable compensation options equal to 6.0% of aggregate units sold (reduced to 3.0% for president's list purchasers).
    • Options entitle holder to purchase one unit at the offering price until February 25, 2029.
  • Second Tranche: Anticipated closing on or about March 6, 2026; will include additional units and common shares qualifying as flow-through shares under the Income Tax Act (Canada).
  • Insider Participation: Directors subscribed for 237,500 units for gross proceeds of $190,000.
  • Regulatory Exemptions: The company relied on exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the insider transaction value is not more than 25% of the company's market capitalization.
  • Hold Period: All securities are subject to a hold period expiring four months and one day from the date of the release.
  • Exchange Approval: Offering remains subject to final acceptance of the TSX Venture Exchange.
Read the original news release →

More from Nuvau Minerals Inc.

Sep 17, 2026 · 07:07

Nuvau’s step-out hole returned 41.7 g-m Au against a 618 g-m anchor, suggesting potential for higher grades at the project.

Drill Results Sep 09, 2026 · 07:07

Nuvau’s high-grade Thundermine gold hit remains narrow with unknown true width.

Drill Results Jun 26, 2026 · 07:01

Nuvau Minerals launches summer drilling at Thundermine to validate gold potential while progressing its preliminary economic assessment.

Drill Results Jun 11, 2026 · 07:01

Nuvau Minerals advances Matagami District exploration and a preliminary economic assessment amid industry consolidation.

Drill Results Jun 02, 2026 · 07:01

Nuvau Minerals Advances Matagami Restart with PEA Commencement, Betting on Permitted Infrastructure and District-Scale Exploration

Technical Study May 04, 2026 · 07:50

Nuvau Finalizes Matagami Acquisition Amidst Dilution and Production Restart Push

M&A / Property