Hercules Metals raises C$23.2M via bought deal and private placement to fund Idaho copper project.

Hercules Metals Corp. announced a C$23.2 million financing through a bought deal and concurrent private placement, selling common shares at C$0.59 each. The funds will support exploration and development of its 100% owned Hercules copper project in Idaho, home to the significant Leviathan porphyry copper system. Barrick Mining, a strategic shareholder, retains rights to maintain its ownership stake. The offering is expected to close around May 20, 2026, pending regulatory approvals, aiming to advance one of America's newest copper discoveries.