Northwire Canada EditionMonday, November 2, 2026
Northwire
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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

Prospect Ridge completes Camelot earn-in

PRR · Price

Executive Summary

  • Prospect Ridge Resources Corp. completed the earn-in of its 100% interest in the Camelot Copper-Gold Porphyry Project from Orogen Royalties Inc. by issuing 2,303,121 common shares valued at $175,000.
  • The company announced a non-brokered flow-through private placement of up to $450,000, consisting of up to 5 million critical mineral flow-through shares priced at $0.09 per share, with proceeds designated for exploration on the Excalibur, Castle, and Camelot projects.
  • Prospect Ridge is finalizing its 2026 exploration plan, which includes drilling and work programs across its priority British Columbia projects, with details to be announced within six weeks.

Key Details

  • Camelot Project Earn-In Completion:
    • Issued 2,303,121 common shares to Orogen Royalties Inc.
    • Effective date of issuance: March 2, 2026.
    • Value of shares: $175,000 (calculated based on the 10-day VWAP on the Canadian Securities Exchange).
    • Result: Prospect Ridge now holds 100% interest in the Camelot Copper-Gold Porphyry Project.
  • Flow-Through Financing:
    • Structure: Non-brokered flow-through private placement.
    • Maximum Gross Proceeds: Up to $450,000.
    • Securities: Up to 5,000,000 critical mineral flow-through shares.
    • Price: $0.09 per share.
    • Use of Proceeds: Eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures on the Excalibur, Castle, and Camelot projects.
    • Conditions: Subject to customary closing conditions, including regulatory approvals and CSE acceptance.
    • Hold Period: Statutory hold of four months plus one day from the closing date.
  • 2026 Exploration Strategy:
    • Focus: Systematically testing large-scale copper-gold porphyry systems in the Golden Horseshoe and Cariboo regions of British Columbia.
    • Timeline: Details of drilling and associated work programs will be announced within the next six weeks.
    • Context: Recent drill results (referenced from Feb 25, 2026) confirmed Camelot as a copper-gold porphyry target, complementing the Excalibur and Castle projects.

Notable Quotes

  • "Camelot greatly strengthens our portfolio of large-scale copper-gold exploration assets in the Golden Horseshoe and Cariboo regions of central and Northern British Columbia -- areas globally recognized for hosting major copper-gold discoveries. At Camelot, our recently released drill results have confirmed its addition to our growing pipeline of copper-gold porphyry targets, complementing our existing Excalibur and Castle projects." — Len Brownlie, CEO
Read the original news release →

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