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AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0% AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0%
Financings Routine +

Metals Creek Resources Corp. Announces Non-Brokered Private Placement

Metals Creek secures modest private placement to fund Ogden drill program as Newfoundland exploration accelerates

By The Northwire Desk — AI Analysis Apr 02, 2026 · 08:01 MEK · 0.03 Metals Creek Resources Corp.
Executive Summary
  • The most recent release (2026-04-02) announces a non-brokered private placement of up to 10,000,000 units (7.5M flow-through units and 2.5M non-flow-through units) at $0.035 per unit, targeting gross proceeds of up to $350,000. Closing expected on or before April 15, 2026, subject to TSX Venture Exchange approval; four-month hold on securities.
  • Each FT unit comprises one flow-through share plus 1/2 of a non-flow-through warrant; NFT unit comprises one non-flow-through share plus one non-flow-through warrant. FT warrants expire in 36 months; NFT warrants expire in 36 months. Proceeds earmarked for exploration on Newfoundland and Ontario assets, notably the Ogden Gold Project, with FT proceeds enabling flow-through tax benefits.
  • This news follows a string of prior financings and strategic activities: (i) March 25, 2026 news on a Benton Metals/Benton Resources partnership staking 6 natural hydrogen projects in Newfoundland (Routine - Positive); (ii) March 25, 2026 news of Metals Creek/Benton acquiring 6 hydrogen projects (Routine - Positive); (iii) January 22, 2026: Metals Creek sells 85% interest in Tillex to Aruma Resources (Material - Positive) and January 9, 2026: Metals Creek acquires 0.5% NSR on Tillex (Routine - Positive); (iv) January 27, 2026: Ogden drill plans update for 2026 (Routine - Positive); (v) December 19 and December 17, 2025: flow-through/private placement news indicating ongoing capital-raising activity; (vi) November 27, 2025 and earlier: Naybob West trenching/assay work and ongoing exploration at the Ogden Gold Project (Routine - Neutral to Positive depending on context).
  • The company has repeatedly framed capital raises as enabling exploration on the Ogden Gold Project (joint venture with Discovery Silver Corp. in Ontario) and other Newfoundland/Ontario properties, with flow-through components intended to optimize Canadian exploration expenditures for investors.
  • There are additional strategic movements around Tillex and Yellow Fox (Lomiko option/NSR, and sale/royalty dynamics) that shape Metals Creek’s asset base and dilution profile going forward.
Material Impact
  • Overall assessment: Routine - Positive.
  • Why: The April 2, 2026 financing is a modest capital raise (up to $350k gross) that supports short-term exploration activity on Ogden and other properties. While it provides liquidity and keeps exploration momentum, the size is small relative to typical needs for a mining junior of Metals Creek’s project slate, and it does not by itself constitute a transformative or “game-changing” funding. The move is consistent with prior financings that have repeatedly funded drill programs, soil sampling, trenching, and property work. The flow-through structure continues to deliver tax-advantaged benefits to investors, which can help with investor participation but adds complexity to the equity structure (potential dilution upon exercise of warrants). The news aligns with the company’s ongoing strategy to fund exploration while leveraging partnerships (Ogden JV with Discovery Silver, Tillex sale/NSR arrangements with Aruma, Yellow Fox option with Lomiko) to advance flagship projects.
MEK · Price
Company Overview
  • Metals Creek Resources Corp. is a TSX-V listed junior explorer focused on Ontario and Newfoundland properties, with a 50/50 joint venture on the Ogden Gold Project in Ontario (Metals Creek as operator; partner Discovery Silver Corp.). Ogden is a Timmins-area project with historic drilling and an Exploration Target ( Naybob South) referenced in prior releases. The Ogden JV has been a central, ongoing focus with multiple drill campaigns and planned 2026 activity.
  • Other assets include the Tillex Copper-Silver Project in Ontario (eventually part of a sale to Aruma Resources), the Yellow Fox property in Newfoundland (option/royalty structure with Lomiko Metals), and various other properties (Dona Lake, Yukon, etc.) at various stages.
Read the original news release →

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Jul 16, 2026 · 04:04

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Financings Jul 14, 2026 · 07:30

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Metals Creek secures $1m financing to fund ogden drilling and newfoundland hydrogen sampling.

Financings Jun 25, 2026 · 08:31

Metals Creek’s High-Grade Ogden drill hit validates the structural model despite narrow width and going concern risks tempering near-term upside.

Drill Results Jun 23, 2026 · 08:31

Metals Creek advances hydrogen-helium sampling in Newfoundland while Ogden gold drilling yields visible intersections.

Drill Results