Investment
Features
FeesSafety
Academy
More
Pluang+

San Lorenzo Gold upsizes private placement to $80M for Salvadora exploration and corporate use.

Company Fundamentals
16 Oct 2026
GlobeNewsWire
View Source
Bullish
San Lorenzo Gold upsizes private placement to $80M for Salvadora exploration and corporate use.

San Lorenzo Gold Corp. has increased its private placement offering from about $40 million to up to $80 million by issuing up to 15.1 million common shares at $5.30 each. The funds will support exploration at its Salvadora Project in Chile and general corporate purposes. The offering is led by SCP Resource Finance and National Bank Financial, targeting Canadian, U.S., and international investors under various exemptions. Closing is expected around November 10, 2026, pending regulatory approvals.

San Lorenzo Gold Corp.'s private placement increase to $80 million provides context for readers following mining finance. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 17, 2026 04:31 WIB: Among 83 priced US Basic Materials stocks, 42 rose and 41 fell. Notable movers include Barrick Gold Corp (B) at USD 40.49 with a 4.11% gain and a Pluang order activity of 59% Sell / 41% Buy, and Harmony Gold Mining Co. (HMY) at USD 16.95 with a 4.05% gain but 88% Sell activity. Typical hold times on Pluang range from 45 to 56 days for these stocks.

More News

Changan strengthens European presence with new partnerships and local service launch

Changan strengthens European presence with new partnerships and local service launch

Changan Automobile announced new partnerships covering seven European markets and launched its "with U" service program at Mondial de l’Auto 2026. This marks a shift from market entry to building a local ecosystem including manufacturing, sales, serv...

Market News
Bullish
3 hours ago
Changan signs European partnerships and launches local service program to boost market presence

Changan signs European partnerships and launches local service program to boost market presence

At the 2026 Mondial de l’Auto, Changan Automobile signed letters of intent with eight companies across seven European markets and launched its "with U" service program. This marks a strategic move to build a strong local ecosystem combining manufactu...

Market News
Bullish
3 hours ago
Northland Power sets Q3 2026 earnings release for Nov 12 with a call on Nov 13

Northland Power sets Q3 2026 earnings release for Nov 12 with a call on Nov 13

Northland Power Inc. announced it will release its third quarter 2026 financial results after market close on November 12, 2026. The company will host an earnings call and webcast on November 13 at 9:00 a.m. ET, providing investors an opportunity to ...

Company Fundamentals
Neutral
3 hours ago
Daily leveraged ETFs plunge over 20% amid sharp losses in underlying stocks

Daily leveraged ETFs plunge over 20% amid sharp losses in underlying stocks

Several daily leveraged ETFs tied to tech and crypto-related stocks dropped sharply, with declines over 20%. Notable falls include GraniteShares 2x Long NBIS Daily ETF down 24.5% and Leverage Shares 2x Long CRWV Daily ETF down 23.9%. These ETFs aim t...

Market News
Bearish
3 hours ago
Biotech IPOs and inverse ETFs lead market gains with strong debut and leveraged moves.

Biotech IPOs and inverse ETFs lead market gains with strong debut and leveraged moves.

Recent biotech IPOs Iambic Therapeutics and City Therapeutics saw significant price jumps, rising 25.9% and 22.2% respectively after their market debuts, raising substantial capital. Inverse leveraged ETFs SMCZ and SMST also gained sharply as their u...

Market News
Bullish
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App