Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,037.60 −1.9% Silver 51.45 −2.4% Copper 6.27 −1.1% Oil 86.38 −0.5% Palladium 1,026.25 +0.5% PUR 0.365 +7.3% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.15 −2.4% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.375 −1.3% VCG 1.07 +4.9% LVX 0.245 −27.9% RAMP 0.250 −7.4% QTWO 1.73 +7.5% Gold 4,037.60 −1.9% Silver 51.45 −2.4% Copper 6.27 −1.1% Oil 86.38 −0.5% Palladium 1,026.25 +0.5% PUR 0.365 +7.3% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.15 −2.4% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.375 −1.3% VCG 1.07 +4.9% LVX 0.245 −27.9% RAMP 0.250 −7.4% QTWO 1.73 +7.5%
Financings

Gold X2 Announces Closing of Second and Final Tranche of Private Placement for Gross Proceeds of Approximately $72,738,000

Tier-One Ambitions Backed by Tier-One Capital

By The Northwire Desk — AI Analysis Feb 26, 2026 · 17:38 AUXX · 1.46 Gold X2 Mining Inc.
Executive Summary

The most recent news (February 26, 2026) announces the closing of the second and final tranche of a massive non-brokered private placement. Combined with the first tranche, the company has raised approximately $115.9M. Crucially, the global gold major AngloGold Ashanti has acquired a 9.9% strategic stake in the company. The funds are earmarked for aggressive exploration, infill drilling, and resource expansion at the flagship Moss Gold Project in Ontario, aiming for a Feasibility Study in 2027. The financing brings the company’s total cash position to approximately $122M.

Material Impact

This is a Game Changer for a junior developer. - Validation: The entry of AngloGold Ashanti (a top-tier global producer) provides immense technical and financial validation of the Moss Gold Project’s potential to become a "top ten gold producer in Canada." - Financial De-risking: A $122M treasury is exceptionally large for a company with a $200M market cap. It removes the "going concern" risk for the next 24 months and fully funds the path to a Feasibility Study without the need for predatory financing. - Technical Momentum: Recent grade control results (Feb 24) confirmed wide, high-grade shear corridors (e.g., 87m @ 1.75 g/t Au). While there was a 13% drop in grade due to newly discovered secondary shears, these shears replace waste rock, potentially increasing the total tonnage and improving the strip ratio in future mine plans.

AUXX · Price
Company Overview

Gold X2 is focused on the Moss Gold Project in Northwest Ontario. - Flagship Project: Moss Gold Project. - Resource: 1.53M oz Au Indicated (@ 1.23 g/t) and 5.20M oz Au Inferred (@ 1.11 g/t). - PEA Highlights (Jan 2026): After-tax NPV5% of C$2.23B, IRR of 22.1%, and an average annual production of 265k oz Au over a 13.2-year mine life. - Infrastructure: Exceptional access via the Trans-Canada highway and high-voltage power within 12km.

Read the original news release →

More from Gold X2 Mining Inc.

Nov 10, 2026 · 07:01

Gold X2 reports a deep hit at the QES deposit matching resource grade over an 188m true width.

Drill Results Nov 02, 2026 · 07:00

Gold X2 closed its Bold Ventures deal and expanded the Moss project footprint with a new resource update.

M&A / Property Oct 27, 2026 · 07:02

Gold X2 spins out a 1% NSR royalty to shareholders, unlocking value while preserving project economics.

M&A / Property Oct 14, 2026 · 07:01

Gold X2 infill drilling adds ounces while grades slip, positioning the Q1-27 MRE as the primary catalyst for the project.

Drill Results Sep 21, 2026 · 07:00

Gold X2 recycles known assay data as cash burns toward the Q1/27 mineral resource estimate for its project.

Drill Results Sep 10, 2026 · 07:01

Gold X2’s QES Deeps project returned 200+ gram-metre bulk gold at 0.73 g/t, a grade below the resource head grade.

Drill Results