Northwire Canada EditionMonday, November 9, 2026
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Gold 4,151.00 +1.9% Silver 53.34 +2.7% Copper 6.38 +2.2% Palladium 1,033.00 +1.6% CBR 1.36 +5.4% UCU 2.35 +9.8% MON 0.380 −1.3% CASA 0.050 +0.0% ECOR 2.81 +4.1% PPX 0.240 +9.1% PX 0.130 −10.3% IVS 0.250 +2.0% SCD 0.152 +5.2% KAPA 0.125 +19.1% AFM 1.28 +4.9% BONE 0.035 −12.5% EM 4.40 +2.3% BKM 3.99 −0.2% SGO 0.180 +20.0% BNKR 2.89 +10.3% Gold 4,151.00 +1.9% Silver 53.34 +2.7% Copper 6.38 +2.2% Palladium 1,033.00 +1.6% CBR 1.36 +5.4% UCU 2.35 +9.8% MON 0.380 −1.3% CASA 0.050 +0.0% ECOR 2.81 +4.1% PPX 0.240 +9.1% PX 0.130 −10.3% IVS 0.250 +2.0% SCD 0.152 +5.2% KAPA 0.125 +19.1% AFM 1.28 +4.9% BONE 0.035 −12.5% EM 4.40 +2.3% BKM 3.99 −0.2% SGO 0.180 +20.0% BNKR 2.89 +10.3%
Financings

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 →

More from Melkior Resources Inc.

Oct 20, 2026 · 07:00

Melkior reports high-grade gold surface hits at the Carscallen project to test structural continuity.

Drill Results Oct 08, 2026 · 08:15

Melkior confirms depth continuity in early drill results while its capital runway remains tight.

Drill Results Jun 24, 2026 · 07:00

Melkior completes its winter drill program and launches field mapping and prospecting at the Carscallen gold property in Timmins, Ontario.

Drill Results Apr 24, 2026 · 07:00

Melkior Resources Commences Drilling on Bonanza Zones Following Capital Raise

Drill Results Feb 24, 2026 · 18:44

Melkior Resources arranges $650,000 private placement

Financings Feb 24, 2026 · 08:35

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

Financings