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Onyx Gold Corp. ( (TSE:ONYX) ) just unveiled an update.
Onyx Gold Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $13.04 million since May 2025. This financing, supported by strategic investors, will enable the company to advance its exploration initiatives in Ontario and Yukon. The funds raised will be used to incur qualifying expenditures related to the company’s projects, with the aim of building value for shareholders. The private placement is subject to final acceptance by the TSX Venture Exchange, and the issued shares will be subject to a hold period in accordance with Canadian securities laws.
More about Onyx Gold Corp.
Onyx Gold is an exploration company focused on well-established Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company has a portfolio of quality gold projects, including the Munro-Croesus Gold property known for high-grade mineralization, and other exploration properties such as Golden Mile and Timmins South. Onyx Gold also holds properties in the Selwyn Basin area of Yukon Territory, which is gaining significance due to recent discoveries. The company is committed to creating shareholder value through discovery, capital allocation, and responsible exploration.
Average Trading Volume: 165,161
Technical Sentiment Signal: Buy
Current Market Cap: C$55.94M
For detailed information about ONYX stock, go to TipRanks’ Stock Analysis page.