Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Financings

First Andes Silver Closes Oversubscribed $2 Million Private Placement Financing

By The Northwire Desk — AI Analysis Feb 13, 2026 · 07:31 FAS · 0.145 First Andes Silver Ltd.
FAS · Price

Executive Summary

  • First Andes Silver Ltd. closed a private placement financing, issuing 16,708,331 common shares at C$0.12 each for total gross proceeds of C$2,004,999.72.
  • Net proceeds will fund an expanded Q2 2026 drilling program and other exploration activities at the Santas Gloria Property in Peru, as well as claim payments and working capital.
  • The offering included a cash finder’s fee of C$120,790 and issuance of 1,001,583 share purchase warrants exercisable at C$0.12 per share for two years.

Key Details

  • Offering Size & Price: 16,708,331 common shares sold at C$0.12 per share.
  • Gross Proceeds: C$2,004,999.72.
  • Finder’s Compensation: Cash fee of C$120,790 plus 1,001,583 Finder’s Warrants (exercise price C$0.12, two‑year term).
  • Use of Net Proceeds:
    1. Augmented Q2 2026 drilling program at Santas Gloria Property.
    2. Additional exploration work at Santas Gloria Property.
    3. Annual mineral claim payments in Peru.
    4. General working capital.
  • Related Party Transaction: Executive Chairman Ian Stalker subscribed for 1,041,667 common shares (≈C$125,000), deemed exempt from formal valuation and minority shareholder approval under MI 61‑101.
  • Exemption Details: Shares issued pursuant to the listed issuer financing exemption under NI 45‑106; no hold period required in Canada.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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