Northwire Canada EditionTuesday, November 3, 2026
Northwire
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Financings

Enerev5 Metals Inc. Announces Closing of $315,000 First Tranche Non-Brokered Private Placement

ENEV · Price

Executive Summary

  • Enerev5 Metals Inc. closed the first tranche of a non‑brokered private placement, selling 31.5 million units at $0.01 per unit for gross proceeds of $315,000.
  • Each unit includes one common share and one warrant to purchase an additional share at $0.05 exercise price, exercisable for five years.
  • Proceeds are earmarked for general corporate and working‑capital purposes, project review, and acquisition costs; a second (final) tranche is expected to close around March 5, 2026.

Key Details

  • Units sold: 31,500,000 units at $0.01 per unit → Gross proceeds: $315,000.
  • Unit composition: 1 common share + 1 share purchase warrant (exercise price $0.05, five‑year term).
  • Use of proceeds: General corporate and working‑capital purposes, project review, acquisition costs.
  • Closing timeline: First tranche closed March 3, 2026; second/final tranche anticipated on or about March 5, 2026.
  • Regulatory conditions: Subject to TSX Venture Exchange approval and statutory hold period of four months and one day.
  • Finder compensation: $25,200 cash paid to eligible finders plus issuance of 3,150,000 non‑transferable broker warrants (price $0.05 per warrant) for “Broker Units” on the same terms as the offering units.
  • Warrant terms: Holders may acquire one share per warrant at $0.05 per share; exercisable for five years from closing date.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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