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The latest announcement is out from Cascadia Minerals Ltd ( (TSE:CAM) ).
Cascadia Minerals Ltd. has closed a C$4.1 million non-brokered private placement led by strategic investor and largest shareholder Michael Gentile, strengthening its balance sheet going into 2026 and lifting his stake to about 13.1% on a partially diluted basis. The financing, split between non-flow-through and critical minerals flow-through units with attached warrants, fully funds a planned 15,000-metre resource expansion and exploration drill program at the Carmacks copper-gold project and supports additional exploration across its Yukon portfolio, while providing Canadian investors with tax-advantaged exposure to critical mineral exploration; management says this caps a transformational year and positions the company to capitalize on rising metal prices with an active 2026 field season.
More about Cascadia Minerals Ltd
Cascadia Minerals Ltd. is a Vancouver-based mineral exploration company focused on copper-gold and other critical mineral projects in Canada’s Yukon, particularly within the Yukon Stikine Terrane. Its flagship asset is the road-accessible Carmacks copper-gold project in central Yukon, which hosts a sizeable measured and indicated resource and has shown positive economic potential in a 2023 preliminary economic assessment. The company also maintains a portfolio of earlier-stage copper-gold properties, including the Catch Property, where drilling and surface sampling have outlined a significant porphyry-style mineralized trend.
Average Trading Volume: 477,728
Technical Sentiment Signal: Buy
Current Market Cap: C$29.33M
See more data about CAM stock on TipRanks’ Stock Analysis page.