Stakeholder Gold Closes Two Tranches of Flow-Through Financing
MWN-AI** Summary
Stakeholder Gold Corp. (TSXV: SRC) has successfully closed two tranches of a non-brokered flow-through private placement, raising a total of $2,290,000. The first tranche involved 1,000,000 units priced at $1.10 each, while the second tranche consisted of another 1,000,000 units sold at $1.19 each. Each unit comprises one common share on a flow-through basis under the Income Tax Act (Canada) and half of a common share purchase warrant, allowing holders to acquire additional shares at $1.20 within two years. The warrants include an early exercise provision, which can be triggered if the shares' average price exceeds $1.50 for 10 consecutive days.
With these funds, Stakeholder is set to finance 2026 exploration on its Ballarat Gold-Copper Project located in the Yukon Territory, Canada. CEO Christopher Berlet expressed excitement about launching drilling programs in the Skye and East (gold) and Loki (copper) zones post-spring snow melt, reassuring shareholders that they will receive updates prior to drilling. The proceeds will also support exploration expenditures that qualify as both Critical Mineral and non-Critical Mineral exploration under Canadian tax law, with the intention to renounce these expenditures to investors by December 31, 2026.
Stakeholder holds a substantial position in the White Gold District, with 930 mineral claims covering 18,520 hectares. The company also generates revenue from its Brazilian subsidiary, Mineração VMC Ltda, which produces exotic stones. The private placement is pending final approval from the TSX Venture Exchange and all securities are subject to a four-month hold period. Stakeholder remains optimistic about its upcoming exploration activities and their potential returns.
MWN-AI** Analysis
Stakeholder Gold Corp. (TSXV: SRC) has successfully completed two tranches of a flow-through financing totaling $2.29 million, an encouraging development for investors interested in resource exploration in the Yukon. This financing structure allows the company to raise capital while providing tax benefits to investors, which could stimulate higher demand for its shares.
With the funding secured, Stakeholder is positioned to advance its exploration activities at the Ballarat Gold-Copper Project. The plan to drill in the Skye Gold Zone and Loki Copper Zone is particularly promising given the project's location in the White Gold District, a region known for its mineral richness. Investors should monitor updates on exploration results, as successful drilling could significantly enhance Stakeholder's prospects and subsequently its stock value.
The flow-through shares both mitigate some financial risks and signal management's proactive approach in capitalizing on Canadian tax incentives for exploration expenditures. The exercise price of the warrants at $1.20 suggests an upside potential if Stakeholder can exceed the $1.50 share price threshold, positing an enticing scenario for short- to medium-term investors.
However, potential investors should remain cautious. The mining sector is inherently volatile, influenced by commodity price fluctuations, regulatory changes, and operational risks. Stakeholder's exploration phase may also carry inherent risks, including geological uncertainty and funding challenges.
Investors would be wise to conduct thorough due diligence, keeping an eye on upcoming exploration announcements and the broader market trends in gold and copper prices, which directly impact mining stock valuations. If Stakeholder can successfully establish proven reserves, the stock could realize substantial appreciation, making it a candidate for growth-oriented investors willing to navigate sector-specific risks.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Toronto, Ontario--(Newsfile Corp. - March 19, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQB: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to announce that it has closed two tranches of a non-brokered flow-through private placement for aggregate gross proceeds of $2,290,000.
The first tranche was completed at a price of $1.10 per unit for a total of 1,000,000 units, and the second tranche was completed at a price of $1.19 per unit for a total of 1,000,000 Units (collectively, the "Private Placement").
Each flow-through unit consists of one common share of the Company issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $1.20 per share for a period of two (2) years from the date of issuance.
Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day average price of Common Shares traded on the TSX Venture Exchange exceeds $1.50 per share. Thirty days (30) after the trigger date, any unexercised Warrants will be deemed to be null and void. All securities issued under this Private Placement will be subject to a 'hold' period expiring four months and one day from the date of closing.
"Stakeholder is now fully funded for 2026 exploration on Ballarat," stated Christopher Berlet, CEO of Stakeholder.
"Our objective is to be drilling the Skye and East (gold) and Loki (copper) zone targets as soon as possible after the Spring snow melt. Shareholders can expect news describing exploration target highlights before drilling begins. After significant preparation, we are set to launch an exciting exploration season on the company's Ballarat Gold-Copper Project located in the geographical center of the White Gold District of the Yukon Territory, Canada."
The gross proceeds from the Private Placement will be used to fund eligible Canadian exploration expenditures, including expenditures that qualify as Critical Mineral and non-Critical Mineral exploration expenses, as defined under the Income Tax Act (Canada). The Company intends to incur qualifying expenditures on its exploration properties in Canada and to renounce such expenditures to subscribers effective December 31, 2026.
All securities issued in connection with the Private Placement are subject to a statutory hold period in accordance with applicable securities laws. The Private Placement remains subject to final approval of the TSX Venture Exchange.
About Stakeholder Gold Corporation
Stakeholder holds 100% ownership of 930 contiguous mineral claims covering 18,520 hectares and spanning 20 km of the proposed route for the Northern Gateway Road which is being developed through the geographical center of the White Gold District of the Yukon Territory, Canada. Stakeholder also maintains in good standing 10 claims located inside the adjacent Coffee Mine Project which is being developed by Fuerte Metals Corp. These combined claim holdings are referred to collectively as the Ballarat Gold-Copper Project ("Ballarat").
Within the Company's contiguous claim holdings Stakeholder is advancing exploration initiatives on the Skye Gold Zone and the Loki Copper Zone exploration targets which are separated by some 8 km, and which hold prospectivity for new gold and copper discoveries respectively, on either side of the proposed route for the Northern Gateway Road, in the heart of the White Gold District.
https://stakeholdergold.com/projects-overview/ballarat-gold-copper-project/
Stakeholder also generates cash flow from the production and sale of exotic stones through its 100% owned Brazilian subsidiary Mineração VMC Ltda. ("VMC"). VMC is currently producing from 4 independent stone quarries and is seeking opportunities to expand the sale and export of exotic stone building materials from Brazil.
https://victoriaminingcorp.ca
Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Stakeholder is responsible for the content of this press release.
For further information, please contact:
Stakeholder Gold Corporation
cberlet@stakeholdergold.com
416 525 - 6869
Forward-Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289197
FAQ**
How does the recent funding from Stakeholder Gold Corp SKHRF impact the exploration initiatives in the Yukon Territory, particularly for the Skye and Loki zone targets?
What are the potential benefits for Stakeholder Gold Corp SKHRF shareholders stemming from the exploration activities planned for the Ballarat Gold-Copper Project?
Can you elaborate on the critical mineral exploration expenditures that Stakeholder Gold Corp SKHRF plans to undertake, and how these align with the current market demand for such resources?
What challenges might Stakeholder Gold Corp SKHRF face in financing or conducting exploration activities under the current regulatory environment affecting Canadian mining projects?
**MWN-AI FAQ is based on asking OpenAI questions about Stakeholder Gold Corp. (TSXVC: SRC:CC).
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