Northwire Canada EditionSaturday, September 19, 2026
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GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Financings Routine +

TomaGold Announces Proposed Private Placement

TomaGold Raises Capital to Fund Berrigan Deep Discovery Momentum Amidst Dilution Concerns

By The Northwire Desk — AI Analysis Apr 15, 2026 · 07:15 LOT · 0.06 TomaGold Corporation
Executive Summary
  • TomaGold Corporation announced a proposed non-brokered private placement for gross proceeds of up to $1,500,000 on April 15, 2026.
  • The offering consists of Flow-Through (FT) units priced at $0.075 per unit and Hard Cash (HC) units priced at $0.06 per unit.
  • Proceeds from FT units are designated for eligible Canadian exploration expenses, while HC proceeds support general corporate working capital.
  • Warrants attached to the offering allow purchase of one additional share at $0.10 for a period of 24 months.
  • The offering is subject to TSX Venture Exchange approval and includes a four-month hold period on securities.
Material Impact
  • The financing provides essential liquidity to continue the Phase 2 drilling program at Berrigan Mine following significant high-grade intercepts in January and March 2026.
  • While positive for operational continuity, the capital raise is dilutive; it follows a $2.1M closing in late 2025 and a $1M asset sale payout earlier in 2026, indicating sustained cash burn without revenue generation.
  • The offering price ($0.06-$0.075) aligns closely with the recent trading range ($0.06-$0.07), suggesting management believes current valuation reflects project potential but requires shareholder capital to realize it.
  • This is not a material game changer as it does not alter the fundamental asset base or discovery status, but rather funds the execution of existing high-priority targets.
LOT · Price
Company Overview
  • TomaGold focuses on acquiring and exploring high-potential precious and base-metal projects in Quebec's Chibougamau Mining Camp.
  • Flagship Project: Berrigan Mine, located 4 km NNW of Chibougamau, currently under option from Chibougamau Independent Mines Inc.
  • Recent exploration has identified the "Berrigan Deep" zone with high-grade semi-massive sulfide mineralization (e.g., 5.75% ZnEq over 98.5m).
  • Other assets include Obalski Project (100% owned), Radar, Dufault, and lithium/REE projects in James Bay region.
Read the original news release →

More from TomaGold Corporation

Aug 12, 2026 · 07:30

TomaGold’s progress report highlights pending datasets and ongoing exploration activities without disclosing new assay results or specific project metrics.

Drill Results Jul 16, 2026 · 07:30

TomaGold confirms lateral continuity at Berrigan Deep, though grade-thickness remains a fraction of earlier high-grade intercepts.

Drill Results Jun 30, 2026 · 07:30

TomaGold Continues to Expand Berrigan Mine at Depth with a New Major 204.25 m Intersection in the Berrigan Deep Zone

Drill Results Jun 23, 2026 · 07:30

TomaGold advances deep exploration at Berrigan with an AMT survey as phase two assay results approach.

Drill Results May 29, 2026 · 07:30

Berrigan Deep Discovery Confirmed, Phase 2 Drilling Underway Amidst Financing Dilution

Drill Results May 28, 2026 · 07:30

TomaGold Consolidates Chibougamau Camp While Assay Results Await to Validate Deep Zone Potential

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