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GoldQuest Mining ( (TSE:GQC) ) has provided an update.
GoldQuest Mining Corp. has increased the size of its previously announced non-brokered private placement to up to 34.7 million units at $1.21 per unit, for potential gross proceeds of about $42 million. Each unit consists of one common share and half a warrant, with full warrants exercisable at $1.80 for 24 months, and the financing—driven by strong demand from Dominican institutional investors and international participants—is expected to close by early January 2026 subject to regulatory approvals. Proceeds are earmarked for early development work at the Romero gold-copper project in the Dominican Republic, expanded greenfield exploration, and general corporate purposes, with insider participation treated as a related-party transaction under securities rules, and a four-month hold period applying to the securities issued. The upsized financing underscores growing institutional confidence in the Romero project and strengthens GoldQuest’s capital base and shareholder alignment as it advances permitting and project development toward potential construction.
Spark’s Take on TSE:GQC Stock
According to Spark, TipRanks’ AI Analyst, TSE:GQC is a Neutral.
GoldQuest Mining faces significant challenges with no revenue generation and ongoing losses, reflected in a low financial performance score. The solid balance sheet provides some stability. Positive short-term technical indicators offer some optimism, but the unattractive valuation due to a negative P/E ratio and no dividend limits the overall appeal.
To see Spark’s full report on TSE:GQC stock, click here.
More about GoldQuest Mining
GoldQuest Mining Corp. is a Canadian exploration and development company focused on advancing its gold and copper assets in the Dominican Republic, backed by strong participation from Dominican investors. Its board and management team have prior experience developing and operating a mine in the country, positioning the company with local expertise and relationships in its core market.
Average Trading Volume: 347,227
Technical Sentiment Signal: Buy
Current Market Cap: C$535.4M
See more insights into GQC stock on TipRanks’ Stock Analysis page.