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Grizzly Discoveries clarifies use of $2M private placement proceeds for mineral exploration and working capital

Company Fundamentals
29 Sep 2026
Newsfile Corp
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Neutral
Grizzly Discoveries clarifies use of $2M private placement proceeds for mineral exploration and working capital

Grizzly Discoveries Inc. announced a non-brokered private placement aiming to raise up to $2 million. The proceeds will be used for general working capital and exploration of its mineral properties, with specific funds from certain units targeting critical minerals exploration. This clarification updates their initial statement on the use of funds. The offering awaits approval from the TSX Venture Exchange, supporting Grizzly's ongoing development of its mineral assets in British Columbia.

Grizzly Discoveries Inc.'s private placement news comes as 17 of 38 Basic Materials-sector US stocks tradable on Pluang rose while 21 fell. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 30, 2026 02:51 WIB: AngloGold Ashanti Limited (AU) traded at USD 94.41 with a 1-day change of +1.77% and 99% buy order activity; Freeport-McMoRan Inc (FCX) was at USD 70.68, down 1.75%, with 96% buy order activity; Advanced Drainage Systems Inc (WMS) traded at USD 128.52, down 1.73%.

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