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Scottie Resources plans private placement to raise up to C$29M for gold mine development.

Company Fundamentals
24 Sep 2026
Newsfile Corp
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Bullish
Scottie Resources plans private placement to raise up to C$29M for gold mine development.

Scottie Resources Corp. announced a private placement offering to raise up to C$10 million by selling 3,448,275 shares at C$2.90 each, with an option to raise an additional C$2 million. Alongside an amended non-brokered private placement of C$17 million, the company aims to raise up to C$29 million in total. The funds will support working capital and technical studies for the Scottie Gold Mine Project in British Columbia. The offering is expected to close around October 7, 2026, pending regulatory approval from the TSX Venture Exchange.

Scottie Resources' private placement plans coincide with a Basic Materials sector where 9 of 38 US stocks rose and 25 fell on Pluang. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 24, 2026 17:41 WIB: AngloGold Ashanti Limited (AU) traded at USD 97.50 with 0% Sell / 100% Buy order activity, Standard Lithium Ltd (SLI) at USD 2.12 with 52% Sell / 48% Buy, and Newmont Corporation (NEM) at USD 122.12 with 13% Sell / 87% Buy. Typical hold times ranged from 22 to 57 days among these assets.

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