Northwire Canada EditionTuesday, November 10, 2026
Northwire
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Gold 4,053.70 −1.5% Silver 51.77 −1.8% Copper 6.26 −1.3% Oil 85.54 −1.5% Palladium 1,024.75 +0.3% COPR 0.375 +0.0% WSK 0.170 +0.0% GAL 0.380 +0.0% VCG 1.02 +0.0% LVX 0.265 −22.1% RAMP 0.270 +0.0% QTWO 1.75 +8.7% SUM 1.30 −1.5% SGML 7.80 −6.6% BOGO 0.730 −7.6% SGC 0.095 +0.0% MANU 0.150 +0.0% GMA 0.200 +0.0% ONAU 0.470 −1.1% TGOL 0.130 +0.0% MD 0.290 −9.4% Gold 4,053.70 −1.5% Silver 51.77 −1.8% Copper 6.26 −1.3% Oil 85.54 −1.5% Palladium 1,024.75 +0.3% COPR 0.375 +0.0% WSK 0.170 +0.0% GAL 0.380 +0.0% VCG 1.02 +0.0% LVX 0.265 −22.1% RAMP 0.270 +0.0% QTWO 1.75 +8.7% SUM 1.30 −1.5% SGML 7.80 −6.6% BOGO 0.730 −7.6% SGC 0.095 +0.0% MANU 0.150 +0.0% GMA 0.200 +0.0% ONAU 0.470 −1.1% TGOL 0.130 +0.0% MD 0.290 −9.4%
Financings

Northisle Announces Total Financing of $115 million Including Wheaton Precious Metals Placement of $5 million and Update on Public Offering

NCX · Price

Executive Summary

  • Northisle Copper and Gold Inc. announced a combined financing consisting of a non‑brokered private placement of 1,639,300 common shares to Wheaton Precious Metals Corp. at $3.05 per share for gross proceeds of $4,999,865 and the exercise of the agents’ option under its existing brokered “best efforts” offering for an additional 2,229,700 shares, generating $6,800,585 in gross proceeds.
  • Including the agents’ option, the total brokered public offering now targets up to 35,016,700 common shares for potential gross proceeds of $106,800,935, plus a brokered private placement of up to 1,050,000 shares for $3,202,500.
  • The aggregate number of shares that may be issued under the combined offerings is up to 37,706,000 for total potential gross proceeds of $115,003,300, with net proceeds earmarked for project advancement and general corporate/working‑capital purposes.

Key Details

  • Non‑Brokered Private Placement
  • Shares: 1,639,300 common shares
  • Issue price: $3.05 per share
  • Gross proceeds: $4,999,865
  • Investor: Wheaton Precious Metals Corp.

  • Agents’ Option Exercise (Brokered Offering)

  • Additional shares: 2,229,700 common shares
  • Issue price: $3.05 per share (same as original offering)
  • Gross proceeds from option: $6,800,585

  • Brokered Public Offering (post‑option)

  • Total shares offered: up to 35,016,700 common shares (including option)
  • Potential gross proceeds: up to $106,800,935

  • Brokered Private Placement

  • Shares: up to 1,050,000 common shares
  • Potential gross proceeds: up to $3,202,500

  • Overall Offering Summary

  • Maximum issuable shares: 37,706,000 common shares
  • Maximum aggregate gross proceeds: $115,003,300

  • Closing

  • Expected closing date: on or about March 6, 2026 (or other mutually agreed date) subject to regulatory approvals and customary conditions.

  • Use of Proceeds

  • Advancement of Northisle’s mineral projects
  • General corporate purposes and working capital

  • Regulatory & Offering Mechanics

  • Brokered offering conducted on a “best efforts” basis via prospectus supplement dated March 2, 2026 to the short‑form base shelf prospectus (dated February 25, 2026).
  • Non‑brokered placement and brokered private placement rely on exemptions under NI 45‑106.
  • No fees or compensation will be paid to agents for the non‑brokered portion.
  • Shares sold in the non‑brokered and brokered private placements subject to a statutory hold period of four months plus one day.

Notable Quotes

No direct executive quotes were included in this release.

Read the original news release →

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