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Borealis Mining Company Limited ( (TSE:BOGO) ) just unveiled an announcement.
Borealis Mining Company Limited has arranged a C$20.01 million bought-deal private placement led by Stifel Canada, issuing 13.34 million common shares at C$1.50 each under the listed issuer financing exemption, with an underwriters’ option to purchase up to an additional 2.0 million shares. The financing, which carries no statutory hold period in Canada and is expected to close around January 15, 2026 subject to regulatory approvals, will fund advancement of the company’s Nevada gold projects and general working capital, potentially accelerating development at its Borealis and Sandman properties while modestly diluting existing shareholders and strengthening its balance sheet for continued growth in the competitive gold exploration and production space.
The most recent analyst rating on (TSE:BOGO) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Borealis Mining Company Limited stock, see the TSE:BOGO Stock Forecast page.
More about Borealis Mining Company Limited
Borealis Mining Company Limited is a gold mining and exploration company focused on restarting production at its fully permitted Borealis Mine in Nevada and advancing its Sandman gold project, also in Nevada. The Borealis Mine features active heap leach pads, an ADR facility and supporting infrastructure suited to heap leach gold mining operations, positioning the company squarely in the U.S. precious metals sector with a Nevada-focused asset base.
Average Trading Volume: 524,675
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$182.1M
See more data about BOGO stock on TipRanks’ Stock Analysis page.