Zeus North America Mining Reprices $2 Million Financing and Plans Share Consolidation

Umdoni Exploration, Inc. ( (TSE:ZEUS) ) has provided an announcement.

Zeus North America Mining Corp. has repriced a planned non-brokered private placement, now seeking up to $2 million through the sale of 20 million units at $0.10 each, with attached warrants exercisable at $0.15 over two years. The company plans to use the proceeds to fund exploration at its copper and silver projects in Idaho and Nevada, including its flagship Cuddy Mountain Project, and for general working capital.

The miner also intends to consolidate its share capital on a 2-for-1 basis following the financing, which would reduce its outstanding shares from about 87.5 million to roughly 43.7 million without materially changing individual ownership percentages. The combined financing and prospective consolidation, both subject to regulatory and exchange approvals, are aimed at strengthening Zeus’s capital structure and supporting further exploration in a copper-focused region.

More about Umdoni Exploration, Inc.

Zeus North America Mining Corp. is a mineral exploration company focused on copper and silver projects in the U.S. Pacific Northwest, particularly in Idaho and Nevada. Its flagship Cuddy Mountain Property in Idaho comprises part of a broader portfolio of lode mining claims and lies adjacent to Hercules Metal Corp.’s Leviathan copper porphyry discovery, positioning Zeus near a notable regional find.

The company’s Idaho portfolio includes the Cuddy Mountain, Selway and Great Western properties, which together span roughly 4,200 acres of lode mining claims. This land package underpins Zeus’s growth strategy as it seeks to advance exploration and potentially capitalize on increasing interest in North American copper assets.

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Technical Sentiment Signal: Sell

Current Market Cap: C$8.43M

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