Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Financings

Canasil Resources arranges $500,000 private placement

By The Northwire Desk — AI Analysis Jan 12, 2026 · 20:08 CLZ · 0.045 Canasil Resources Inc.
CLZ · Price

Executive Summary

  • Canasil Resources Inc. announced a private placement of up to 10 million common shares at $0.05 per share, targeting gross proceeds of $500,000.
  • No warrants will be issued; insiders and existing shareholders are expected to participate, and the company may pay a commission or finder's fee from the proceeds.
  • Proceeds are earmarked to fund ongoing operations and exploration programs on its silver‑gold‑copper projects in British Columbia (Canada) and Durango & Zacatecas (Mexico), with closing anticipated before 23 January 2026.

Key Details

  • Placement Size: Up to 10,000,000 common shares.
  • Price per Share: $0.05 CAD.
  • Total Gross Proceeds Target: $500,000 CAD.
  • Warrant Coverage: None; the placement does not include warrants.
  • Participation: Insiders and existing shareholders will take part in the offering.
  • Commission/Finders Fee: Company may allocate a portion of proceeds to pay a commission or finder's fee.
  • Use of Proceeds: Finance corporate operations and exploration programs on silver‑gold‑copper projects located in British Columbia, Canada, and Durango & Zacatecas, Mexico (as previously disclosed).
  • Closing Timeline: Expected as soon as possible, but no later than 23 January 2026.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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