Loyalist Exploration Closes Flow-Through Financing to Advance Timmins Projects

PNG Copper Inc ( (TSE:PNGC) ) has provided an update.

Loyalist Exploration Limited has closed a non-brokered flow-through financing, raising gross proceeds of $40,500 through the sale of 810,000 flow-through common shares at $0.05 each. The funds will be directed toward qualifying Canadian exploration expenditures, including exploration and permitting at the Tully Gold Property, data review and digitization, an internal resource calculation, planning and commencement of a NI 43-101 resource estimate and technical report, and initial exploration on the Gold Rush Property. In connection with the financing, the company paid $2,135 in finder’s fees and issued 42,700 broker warrants exercisable at $0.075 for two years, while director David Drinkwater’s participation in the placement was treated as a related-party transaction under MI 61-101 but exempt from formal valuation and minority approval requirements. Management highlighted that the raise contributes to more than $1.4 million secured in 2025, underpinning Loyalist’s efforts to advance its Timmins-focused exploration strategy, subject to customary regulatory approvals and hold periods on the newly issued securities.

The most recent analyst rating on (TSE:PNGC) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on PNG Copper Inc stock, see the TSE:PNGC Stock Forecast page.

Spark’s Take on TSE:PNGC Stock

According to Spark, TipRanks’ AI Analyst, TSE:PNGC is a Neutral.

The score is held down primarily by very weak financial performance (no revenue, negative equity, and ongoing cash burn). Technicals are moderately positive with price above key moving averages and a positive MACD, while valuation support is limited by a negative P/E and no dividend. Corporate events provide a modest offset via recent financing and project/portfolio progress.

To see Spark’s full report on TSE:PNGC stock, click here.

More about PNG Copper Inc

Loyalist Exploration Limited is a Canadian mineral exploration company focused on acquiring, exploring and developing mineral properties in the Timmins, Ontario mining district. Its current “Buy Timmins” strategy centers on the Tully gold property, Loveland nickel/copper/gold property, Gold Rush gold/silver property and the DeSantis gold property, with plans to advance permitting and exploration across this portfolio and potentially expand its Timmins-based holdings.

Average Trading Volume: 485,096

Technical Sentiment Signal: Buy

Current Market Cap: C$13.9M

See more insights into PNGC stock on TipRanks’ Stock Analysis page.