Northwire Canada EditionFriday, September 25, 2026
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GOLD 4298.00 −0.5% SILVER 64.00 −1.5% COPPER 6.77 +0.3% OIL 94.61 +2.7% PALLADIUM 1274.00 +0.3% TSLV 0.075 −11.8% ESM 0.160 +0.0% IMM 0.060 +0.0% BRON 0.055 +0.0% NG 10.09 −1.1% EAM 0.075 +0.0% LUG 91.04 −0.7% MOLY 1.73 +1.8% V 0.340 +0.0% AUMB 0.810 −3.6% BYN 1.92 +0.5% RME 0.230 +0.0% TOM 0.195 +0.0% GNG 0.070 +0.0% ETL 0.780 −1.3% SGZ 0.035 +16.7% GOLD 4298.00 −0.5% SILVER 64.00 −1.5% COPPER 6.77 +0.3% OIL 94.61 +2.7% PALLADIUM 1274.00 +0.3% TSLV 0.075 −11.8% ESM 0.160 +0.0% IMM 0.060 +0.0% BRON 0.055 +0.0% NG 10.09 −1.1% EAM 0.075 +0.0% LUG 91.04 −0.7% MOLY 1.73 +1.8% V 0.340 +0.0% AUMB 0.810 −3.6% BYN 1.92 +0.5% RME 0.230 +0.0% TOM 0.195 +0.0% GNG 0.070 +0.0% ETL 0.780 −1.3% SGZ 0.035 +16.7%
Financings Routine +

Melkior Announces Completion of Flow-Through Private Placement

Melkior Secures Survival Capital Amidst Regulatory Cleanup and Exploration Push

By The Northwire Desk — AI Analysis Apr 10, 2026 · 18:35 MKR · 0.14 Melkior Resources Inc.
Executive Summary
  • Financing Completion: On April 10, 2026, Melkior Resources closed a non-brokered private placement raising gross proceeds of $654,000.
  • Pricing & Structure: Issued 5,450,000 flow-through common shares at $0.12 per unit (equivalent to $0.24 per FT Share). Each unit includes one share and half a warrant exercisable at $0.20 for two years.
  • Executive Change: Bernard Deluce appointed CEO and Director, succeeding Jonathon Deluce who remains on the board. Bernard brings 25 years of mining transaction experience (Holmes Gold Mines, Beaufield Resources).
  • Use of Proceeds: Earmarked specifically for Canadian exploration expenses qualifying as flow-through mining expenditures under tax acts.
  • Related Party Transaction: One director purchased 500,000 FT Units; exempt from certain valuation requirements under MI 61-101.
  • Regulatory Status: Trading resumed in February 2026 following a Cease Trade Order revoked in January 2026 due to delayed filings (FY ended Aug 31, 2025).
Material Impact
  • Expected Nature: The financing was announced on February 24, 2026 ($650k proposed), making the April 10 closing a routine execution of previously disclosed terms rather than new information.
  • Capital Sufficiency: $654,000 is a small raise compared to the $1.7M raised in May 2025. It suggests limited runway for extensive exploration without further capital events soon.
  • Valuation Discount: The unit price of $0.12 was below the recent trading range (approx. $0.14-$0.18 in March/April), indicating dilution at a discount to market, which is standard but negative for existing shareholders' immediate equity value.
  • Governance Shift: The CEO change is positive for credibility given Bernard Deluce's background, but Jonathon Deluce remains on the board, suggesting continuity rather than a complete overhaul.
  • Regulatory Overhang: While trading has resumed and the Cease Trade Order revoked, the history of delayed filings (Jan 2026) highlights compliance risks that could resurface if future reporting is not timely.
MKR · Price
Company Overview
  • Company: Melkior Resources Inc. (TSXV: MKR).
  • Flagship Project: Carscallen Gold Property (Ontario). Known for high-grade intercepts including 77.4 g/t Au over 6.9m.
  • Secondary Project: Beschefer East Project (Quebec/Ontario border region). Recent drilling showed gold-copper-zinc mineralization (5.1 g/t Au, 0.95% Cu).
  • Development Stage: Exploration/Discovery. No production; reliant on equity financing for operations.
  • Jurisdiction: Canada (Ontario and Quebec), generally stable mining jurisdictions but subject to provincial regulatory filings.
Read the original news release →

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Jun 24, 2026 · 07:00

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Melkior Resources arranges $650,000 private placement

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Melkior funds a targeted Beschefer East drill push with FT flow-through financing as regulatory headwinds recede and exploration potential firming up

Financings Oct 06, 2025 · 16:13

Melkior drills 6.9 m of 77.4 g/t Au at Carscallen

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Melkior Announces Follow-Up Drilling on the Bonanza Gold Intersection at 1010 Zone with 77.40 g/t gold over 6.90 meters at the Carscallen Gold Property

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