Drill Results
Germanium Mining Plans For Drill Permit Applications At Its 100% Owned Lac Du Km 35 Property And Closes First Tranche Of Non-Brokered Private Placement

GMC · Price
Executive Summary
- Germanium Mining Corp. completed the first tranche of its non‑brokered private placement, raising $300,000 in gross proceeds.
- Proceeds will fund 2026 exploration programs at the 100 % owned Lac Du Km 35 property, including an updated airborne magnetic/electromagnetic survey and priority target drilling.
- The Laganière germanium showing on the property returned a historic 0.02 % (186 ppm) Ge, the highest outcrop value ever reported in Québec.
Key Details
- Private Placement Terms – 937,500 flow‑through common shares issued at $0.32 per share; gross proceeds of $300,000.
- Finder’s Compensation – $21,000 cash fee paid to an arm‑length party and issuance of 65,625 non‑transferable finder’s warrants (exercise price $0.32).
- Use of Proceeds – To cover eligible Canadian exploration expenses that qualify as flow‑through critical‑mineral mining expenditures for Quebec projects.
- Resale Restrictions – FT shares subject to a hold period of four months and one day from issuance; offering pending CSE approval.
- Exploration Program 2026 – Planning drill permit applications; conducting a property‑wide airborne magnetic & electromagnetic survey (line spacing ≤ 75 m, altitude < 30 m) slated for April 2026.
- Geophysical Context – New survey will refine existing anomalies and identify new targets; data to be integrated with recent remote‑sensing results in a GIS platform for 1:5,000 scale mapping.
- Laganière Germanium Showing – Outcrop value of 0.02 % Ge (186 ppm), highest ever reported in Québec; located beside a 400 m × 400 m electromagnetic anomaly cluster and near three NE‑trending structural corridors.
- Structural Highlights – Faribault Shear Zone (FSZ) ~450 m SW of showing; FSZ may act as conduit for hydrothermal fluids, intersecting the Laganière area.
- CEO Quote – Mario Pezzente emphasized secured funding enables “Spring/Summer 2026 exploration programs” and highlighted germanium’s strategic importance to advanced technologies and North‑American supply security.
Notable Quotes
“We are excited to have secured initial funding for our Spring/Summer 2026 exploration programs that will include an updated Airborne Survey, expanded sampling and potential drilling of priority targets.” – Mario Pezzente, CEO & Director
All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.
More from Germanium Mining Corp.
Jun 23, 2026 · 03:05