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Grizzly Discoveries closes $360K private placement and secures full ownership of Midway-Beaverdell mineral rights.

Company Fundamentals
16 Oct 2026
Newsfile Corp
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Bullish
Grizzly Discoveries closes $360K private placement and secures full ownership of Midway-Beaverdell mineral rights.

Grizzly Discoveries Inc. completed a private placement raising $359,875 by issuing various units, including common shares and warrants, aimed at funding mineral exploration and working capital. The company also finalized the Midway-Beaverdell Option, acquiring 100% ownership of mineral rights covering 761.25 hectares in British Columbia's Greenwood Mining District. These moves strengthen Grizzly's position in precious and base metals exploration, with plans to advance its projects in southeastern British Columbia. The private placement proceeds will support ongoing exploration, including targeting critical minerals, while the company’s shares remain under a four-month trading restriction.

Grizzly Discoveries Inc.'s recent private placement and option completion provide context for readers following mining and exploration developments. For readers following Basic Materials sector stocks on Pluang, here is the market snapshot as of Oct 17, 2026 03:11 WIB: Of 83 priced US stocks, 42 rose and 41 fell. Notable movers include Gold Fields Limited (GFI) at USD 37.00 with a 1-day change of +4.08% and a typical hold time of 50 days, Harmony Gold Mining Co. (HMY) at USD 16.95 with a 1-day change of +4.05% and a typical hold time of 45 days, and Johnson Controls International PLC (JCI) at USD 146.82 with a 1-day change of -3.69% and a typical hold time of 66 days. Pluang order activity shows a predominance of selling for GFI and HMY.

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