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EDM Resources raises $1.5M from insiders to advance Scotia Mine project in Nova Scotia

Company Fundamentals
24 Jun 2026
Proactive Investors
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Bullish
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EDM Resources Inc raised approximately $1.5 million through the exercise of common share purchase warrants by directors, insiders, and major shareholders. The funds will support the advancement of the Scotia Mine project in Nova Scotia, including permitting, exploration, and development activities. This capital boost follows recent milestones such as starting trading on the OTCQB Venture Market and progressing the Fisheries Act Authorization review. The company aims to use the proceeds for an updated prefeasibility study, gold exploration, and general working capital, reflecting strong insider confidence in the project's long-term value.

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