Wednesday, October 8, 2025

Latest

Banyan Gold Raises $16.5 Million To Fund AurMac Development

Banyan Gold (TSXV: BYN) is returning to the market in search of capital for the funding of its 2022 exploration program. The company this morning indicated it it looking to raise proceeds of up to $16.5 million via a financing that is said to already be fully subscribed.

The financing will see a combination of common shares, flow through shares, and charity flow through shares sold as a means of raising the required capital. The breakdown is to consist of the following:

  • 7,887,744 shares are to be sold at $0.45 each
  • 4,974,000 flow through shares are to be sold at $0.55 each
  • 16,210,500 charity flow through shares are to be sold at $0.63 each

No warrants are included under the offering.

Proceeds from the financing will see funds used for the planned 60,000 metre drill program planned for the 2022-23 exploration program at the firms flagship AurMac property in the Yukon. Development is to include diamond drilling, geotechnical drilling, metallurgical work, and environment data collection as the firm works towards compiling a PEA for the property. Funds are also to be used for general corporate purposes.

The financing is currently slated to close within the next thirty days, with the financing already being fully subscribed.

The company has reportedly conducted 20,000 metres of drilling thus far in 2022, with drilling occurring across a total of 90 holes.

Banyan Gold last traded at $0.55 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Gold Producers Will Soon See Significant Cash Flows – The Daily Dive ft Tara Christie of Banyan Gold

Joining us today for the final episode this week of the Daily Dive is that...

Friday, May 7, 2021, 01:30:00 PM

Gold at Record Highs Validates the Cycle | Tara Christie – Banyan Gold Corp

Tara Christie, President & CEO of Banyan Gold Corp. (TSXV: BYN), has some impressive numbers...

Saturday, September 27, 2025, 11:07:00 AM

Banyan Gold Intersects 1.39 G/T Gold Over 41.7 Metres At AurMac

Banyan Gold Corp. (TSXV: BYN) announced today the diamond drill results from the 2020 exploration...

Wednesday, April 21, 2021, 09:42:54 AM

Banyan Gold Slows Exploration Activity Amid Wildfires, Victoria Gold Incident

Banyan Gold (TSXV: BYN) is the latest operator in the Yukon to disclose that it...

Tuesday, August 6, 2024, 09:30:13 AM

This Is What $3,300 Gold Unlocks | Tara Christie – Banyan Gold

In this conversation, Tara Christie, CEO of Banyan Gold Corp. (TSXV: BYN), takes us through...

Saturday, July 19, 2025, 02:25:00 PM