Northwire Canada EditionWednesday, October 28, 2026
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Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9% Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9%
Financings

Central Iron Ore Announces Private Placement

Gold Explorer Plugs Funding Gap with Private Placement as Massive Related-Party Debt Looms

By The Northwire Desk — AI Analysis Feb 10, 2026 · 08:37 CIO · 0.085 Central Iron Ore Limited
Executive Summary

On February 10, 2026, Central Iron Ore Ltd. (CIO) announced a non-brokered private placement to raise gross proceeds of $216,046.22. The company intends to issue 3,000,642 units at a price of $0.072 per unit. Each unit consists of one common share and one-fifth of a share purchase warrant (note: the metadata says one warrant, but the math of the exercise terms suggests standard unit components). Warrants are exercisable at $0.12 for 56 months. This financing follows a Jan. 28, 2026, announcement where the company closed a rights offering raising $1.83 million, which was significantly less than the $2.89 million target set in December 2025.

Material Impact

The impact of this specific news is minor but necessary for short-term survival. - Liquidity Injection: The $216k is a small "top-up" following the $1.83M rights offering. Combined, the company has raised roughly $2.05M in the last 45 days. However, this is still $840k short of the original $2.89M goal identified in December 2025. - Dilution: The issuance adds approximately 4.5% to the share count. While the price of $0.072 is a discount to the recent $0.09 market price, it is consistent with the preceding rights offering price. - Strategic Focus: The funds are earmarked for the South Darlot JV and drilling at British King. This confirms the company is prioritizing exploration over immediate debt repayment, despite its heavy liabilities.

CIO · Price
Company Overview

Central Iron Ore is focused on gold and iron ore in Western Australia. - Flagship Project: The British King Gold Project. - Status: Currently hosts an NI 43-101 resource (Oct 2025 update) of 62,200 ounces of gold at an average grade of 6.2 g/t (Indicated and Inferred). - Second Asset: South Darlot Gold Project (70% interest), which is a joint venture with Red 5 Ltd (now merged with Silver Lake Resources).

Read the original news release →

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Jul 21, 2026 · 07:30

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Financings Feb 26, 2026 · 09:16

CIO advances funding to accelerate British King and South Darlot initiatives amid increasing investor interest

Financings Feb 10, 2026 · 19:26

Central Iron Ore arranges $216,046 private placement

Financings Jan 28, 2026 · 20:12

Central Iron Ore closes $1.83-million rights offering

Financings