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Aeonian Resources Corp ( (TSE:ALTN) ) has shared an update.
Aeonian Resources Corp. has closed a non-brokered private placement raising $800,400 through the issuance of 20,010,000 units at $0.04 per unit, each consisting of one share and a warrant exercisable at $0.07 for 36 months. The financing brings prominent junior mining investor Michael Gentile in as a strategic shareholder with a 19.55% basic stake, while chairman Terry Salman increased his holding via a smaller insider subscription conducted under related-party exemptions. Management said the capital provides the funding certainty needed to launch Aeonian’s inaugural drill program at its Koocanusa copper project in early 2026, with roughly 80% of proceeds earmarked for exploration at the British Columbia property and the balance for working capital, a move that could materially advance the company’s exploration efforts and profile in the junior copper sector.
More about Aeonian Resources Corp
Aeonian Resources Corp. is a Canadian junior mineral exploration company focused on discovering next-generation copper deposits in British Columbia. Its flagship Koocanusa Copper Project is located in the Purcell Basin, a geological belt associated with major sediment-hosted copper deposits across the border in Montana, positioning the company within a well-regarded copper exploration corridor.
Average Trading Volume: 118,350
Technical Sentiment Signal: Buy
Current Market Cap: C$1.72M
See more insights into ALTN stock on TipRanks’ Stock Analysis page.