RE: Can't complain9 Feb 2026 08:48
Well you do know the real reason. Its outlined in black and white. The original plan was TSX listing then raise, but there was some insitutional interest that supported the decision to raise now. See below, there is alot of activity lined up in the weeks and months ahead
Use of proceeds
The net proceeds of the Placing will enable the Company to accelerate key corporate and exploration objectives including:
ยท Obonga Project drilling:
o Wishbone Prospect diamond drilling programme to build out Volcanogenic Massive Sulphide system discovery.
ยท Magnesium Recovery Metallurgical Testwork:
o Dotted Lake Project drill core composite sample to undergo magnesium recovery focussed metallurgical testwork.
ยท Winston Tailings Project:
o Advance the workstreams to quantify, evaluate, and permit the recovery of the contained high-grade gold (Au), gallium (Ga), silver (Ag), zinc (Zn), indium (In), copper (Cu) and cobalt (Co) and other recoverable minerals located within the historic Winston Lake Mine tailings storage facility.
ยท Supporting a dual listing in North America and general corporate working capital.