AuMEGA Metals (AUM.V, AAM.AX) has announced it has entered into an agreement with Clarus Securities whereby the latter is appointed as lead agent and sole book runner in connection with a best efforts private placement. The company plans to issue up to 21.3M flow-through shares at C$0.047 per flow-through share, up to 233.6M charity flow-through shares priced at C$0.0544 per CFT share and up to 407M common shares at C$0.04 per hard dollar share.
Newfoundland is gearing up for a busy 2026 on the exploration front. Equinox Gold made new gold discoveries around the Valentine mine and Canterra Minerals (CTM.V) recently drilled 31.5 meters of 10.9 g/t gold and recently announced assay results from its now-completed drill program at the Buchans VMS district as well.
Disclosure: The author has no position in AuMega. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
