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North Peak closes final tranche of private placement, raising C$5.675M to fund Prospect Mountain drilling.

Company Fundamentals
26 Mar 2026
Newsfile Corp
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Bullish
pluang ai news

North Peak Resources Ltd. completed the second and final tranche of its private placement, issuing 1,245,000 equity units at C$1.00 each, raising a total of C$5.675 million. The funds will support ongoing drilling at its Prospect Mountain property in Nevada, a key gold and polymetallic mining site, as well as general business development and administrative expenses. Each unit includes one common share and half a warrant, allowing purchase of additional shares at C$1.50 within 12 months. The company also agreed to pay finder's fees and issue warrants to intermediaries involved in the placement. This financing aims to advance exploration and development of the flagship property in a historically rich mining region.

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