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Blue Star Gold closes $812,500 tranche in private placement to fund Nunavut exploration projects

Company Fundamentals
19 Jun 2026
Newsfile Corp
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Bullish
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Blue Star Gold Corp. has closed the final tranche of its private placement, raising $812,500 by issuing 3.125 million flow-through shares at $0.26 each. This brings the total raised to nearly $4 million, which will be used for eligible Canadian exploration expenses on its Nunavut mineral projects. The funds support exploration in the High Lake Greenstone Belt, including the Ulu Gold Project and other assets with significant gold potential. The shares are subject to a hold period until October 20, 2026, and the company paid finder's fees totaling $56,550 in cash. This financing strengthens Blue Star's position to advance its mineral exploration in a strategically important region near planned infrastructure developments.

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