Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Financings

Revival Gold Announces C$30 Million Capital Raise

Revival Gold Raises Capital to Fuel Mercur PFS and Beartrack Drilling

Executive Summary
  • Revival Gold Inc. announced a C$30 million capital raise via a "best efforts" private placement with Paradigm Capital Inc. as lead agent.
  • Offering price set at C$0.85 per common share, representing approximately 35,295,000 shares issued.
  • Net proceeds designated for exploration and development of the Mercur (Utah) and Beartrack-Arnett (Idaho) projects plus general working capital.
  • Closing expected May 6, 2026, subject to regulatory approvals.
  • Agent commission is 6.0% cash on gross proceeds.
  • This follows a C$29 million financing closed in July 2025 with strategic investors EMR Capital and Dundee Corporation.
Material Impact
  • The financing is expected given the company's timeline to complete a Pre-Feasibility Study (PFS) by Q1 2027 for the Mercur project.
  • The offering price of C$0.85 trades at a slight discount to recent market levels ($0.90-$1.00 range in March/April 2026), indicating potential short-term pressure but validating management's need for liquidity.
  • Capital is necessary to fund the drilling and metallurgical work required before the PFS, reducing immediate execution risk.
  • However, this does not alter the fundamental capital requirement of C$208 million identified in the 2025 Preliminary Economic Assessment (PEA) for mine construction; further financing will likely be needed closer to production.
  • The transaction is dilutive but aligns with previous strategic investor backing (EMR Capital, Dundee Corp.), suggesting continued institutional confidence.
RVG · Price
Company Overview
  • Company: Revival Gold Inc. (TSX-V: RVG).
  • Flagship Project 1: Mercur Gold Project, Utah. A past-producing Carlin-style system with a PEA projecting ~95,600 oz Au/year over 10 years. Targeting production in 2029 after permitting and construction.
  • Flagship Project 2: Beartrack-Arnett Gold Project, Idaho. Hosts an underground Inferred Mineral Resource of ~877,000 ounces gold. Currently in exploration phase with potential for heap leach or underground mining.
  • Strategy: Advance brownfield assets to production using existing infrastructure and shallow open-pit/heap-leach techniques to minimize capex relative to greenfield projects.
Read the original news release →

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