Saturday, July 12, 2025

Latest

Starr Peak Raises $3.8 Million In Strategic Financing

Starr Peak Mining (TSXV: STE) last night announced that the company has completed a strategic institutional private placement. The financing effectively saw the company raise $3.8 million via a flow through financing.

Under the terms of the financing, units of the company were sold on a flow through basis at a price of $3.60 per unit. A total of 1.0 million units have been issued, with each unit containing one flow through common share and one half of a common share purchase warrant. Each warrant is valid for a period of 18 months from closing and contains an exercise price of $4.50 per share.

Proceeds from the financing are to be used for drilling and exploration work at the firms Quebec properties.

Following the closing of the transaction, the company reportedly has a cash position of $5.3 million.

Starr Peak Exploration last traded at $3.81 on the TSX Venture.


FULL DISCLOSURE: Starr Peak Exploration is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Starr Peak Exploration on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Eastern Europe Central Banks Lead Global Gold-Buying Spree

Eastern European central banks are ramping up gold purchases, with Poland leading global acquisitions as...

Saturday, November 30, 2024, 09:07:00 AM

Exploits Discovery Extends Length Of Jonathan’s Pond Project Gold Vein

Initial exploration results were released by Exploits Discovery Corp (CSE: NFLD) related to its wholly...

Thursday, November 19, 2020, 08:22:24 AM

China’s Gold Imports Surge 17% in July

China’s net gold imports through Hong Kong increased by 17% in July compared to June,...

Wednesday, August 28, 2024, 07:54:21 AM

Gold Leasing as Geopolitical Collateral

Spot gold is holding around US$3,274, edging 2.9% lower on the week yet still about...

Sunday, June 29, 2025, 07:32:00 AM

Marathon Gold Announces Additional 8,000 Metre Infill Drilling Campaign At Berry Zone

Marathon Gold (TSX: MOZ) this morning announced the expansion of ongoing drilling at its flagship...

Monday, August 24, 2020, 08:15:23 AM