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Nortec Minerals ( (TSE:NVT) ) has provided an update.
Nortec Minerals has completed the first tranche of a non-brokered flow-through private placement, raising gross proceeds of $253,000 through the issuance of 3,892,306 flow-through units priced at $0.065 each, with attached warrants exercisable over 36 months and subject to acceleration based on trading performance. The company intends to use the proceeds for qualifying Canadian exploration expenses on its Ontario mineral properties and, alongside this financing, continues to advance the conditional acquisition of the Barker Bay Gold Property, which has received TSX Venture Exchange conditional approval and is expected to close in the first quarter of 2026, potentially expanding Nortec’s gold portfolio and strengthening its exploration footprint in Ontario.
More about Nortec Minerals
Nortec Minerals Corp. is a Vancouver-based mineral exploration company focused on critical minerals and precious metals. It holds 100% interests in the exploration-stage Mattagami River Zinc properties and the Sturgeon Lake VMS zinc project in Ontario, Canada, and a 17% interest in the Tammela Gold and Tammela Lithium projects in Southwest Finland, positioning the company within both the base metals and battery metals space.
Average Trading Volume: 53,422
Technical Sentiment Signal: Buy
Current Market Cap: C$1.6M
Learn more about NVT stock on TipRanks’ Stock Analysis page.