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Arizona Eagle Mining closes $8.6M private placement to fund exploration and acquisitions.

Company Fundamentals
09 Jun 2026
Newsfile Corp
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Bullish
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Arizona Eagle Mining Corp. successfully closed a private placement, raising C$8.6 million by issuing over 7.8 million units priced at C$1.10 each. The funds will support exploration and drilling at the McCabe Mine, acquisition and drilling of the Eagle Silver Project, and general corporate purposes. The financing exceeded the minimum target due to strong investor demand, reflecting confidence in the company's high-grade gold and silver projects. Additionally, the company plans to reduce the exercise price of certain existing warrants to align with market prices, subject to regulatory approval.

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