Pacific Empire Announces $1.355 Million Private Placement Financing of Units

Pacific Empire Minerals Corp. announced a non-brokered private placement of up to 30,111,111 units at C$0.045 per unit, targeting gross proceeds of up to $1,355,000 CAD. Each unit comprises one common share and one common share purchase warrant, with warrants exercisable at C$0.07 per share for a three-year period.

Net proceeds from the offering are designated for the 2026 drill campaign on the Trident and Pinnacle projects, as well as general working capital. CEO Brad Peters confirmed that crews are on site and diamond drilling is anticipated to begin in early August 2026. The offering is subject to TSX Venture Exchange approval and carries a statutory hold period of four months and one day.

Pacific Empire Minerals Corp. (PEMC) announced a financing as a direct follow-up to previously announced capital raises and its planned 2026 exploration program. The shares were priced at C$0.045, representing a modest discount to the recent market trading range of $0.05–$0.06, a structure standard for private placements to incentivize capital commitment.

Proceeds from the deal will directly fund the August drill campaign, which management has been preparing for since mid-2025. The release disclosed no new geological data, strategic partnerships, or regulatory approvals. The market had already priced in the need for additional capital given the company's history of tranching financings since October 2025, marking this as an expected, incremental step to maintain operational runway.

Pacific Empire Minerals Corp. (TSX-V: PEMC) is a Vancouver-based exploration company focused on gold-enriched copper porphyry systems in north-central British Columbia. Its flagship projects, Trident and Pinnacle, form a consolidated land position of 22,541 hectares, comprising 6,765 hectares at Trident and 15,929 hectares at Pinnacle. The company acquired 100% ownership of this land package in 2022, eliminating underlying property obligations and enabling district-scale exploration.

The company’s geological focus centers on shoshonitic magmatism, potassic alteration, and structural controls associated with major British Columbia porphyry deposits. Historical drilling and geochemical surveys indicate broad copper-gold anomalies, with recent 2025 results intersecting 240 metres grading 0.93% CuEq.